Equitorial Exploration Acquires 100 Interest in Little Nahanni Pegmatite Group (LNPG)
Momentum Public Relations
Press Release: August 24, 2017
Vancouver, BC, Canada / TheNewswire / August 24, 2017 – Equitorial Exploration Corp. (TSX-V: EXX, Frankfurt: EE1, OTCQB: EQTXF) (“Equitorial” or “Company”) is pleased to report that the Company has completed the purchase from Strategic Metals Ltd. (Strategic) of a 100-per-cent interest of a lithium property, which hosts the Little Nahanni Pegmatite Group (LNPG) lithium-cesium-tantalum (LCT) pegmatite containing dikes that have been traced for over 13 kilometres.
A drill program on the LNPG property will commence in the first week of September.
Terms of Purchase and Sale
As total consideration of the purchase and sale, Equitorial agreed to issue to Strategic five million common shares of Equitorial on the closing date (disclosed in press release 2016-8-24), pay $100,000 toward expenditures required for the 2016 work program on the property and grant a 2{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} net smelter return royalty to Strategic. Equitorial will have the right to buy down half of the NSR (equal to 1{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the NSR) in consideration for $2 million.
Equitorial has now issued to Strategic the final 2.5 million common shares of Equitorial and 2.5 million common share purchase warrants of Equitorial, with each warrant entitling Strategic to purchase one common share of Equitorial at a price of $0.10 per share for a period of 24 months from the date of issue of the warrants.
CEO Jack Bal, comments
“Our upcoming drill program will follow up on the encouraging conclusions of the LNPG 43-101 technical report and the promising results from previous drill programs.”
Little Nahanni Pegmatite Group (LNPG) – Property Highlights
-NI 43-101 (March 20, 2017) concludes that there are, “Sufficient grades to bring the rock to within economic values.”
-Combined strike length: 13 km; Dyke swarms up to 500 m in width
-Assays with a peak value of 3.1{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Li2O
-Property located in the Northwest Territories 37 kilometres northwest of the recently closed Cantung tungsten mine. A gated road extending northwest from Cantung passes within five kilometres of the LNPG property.
-Highlight rock samples from spodumene-bearing pegmatites on the property assayed 3.77 per cent, 3.55 per cent, 2.05 per cent, 1.79 per cent, 1.77 per cent and 1.74 per cent lithium oxide.
-Channel samples from LCT-type pegmatite boulders and outcrop on the lithium property have returned up to 1.59 per cent Li2O across 10 metres.
-Diamond drilling on the property in 2007 resulted in two significant lithium-enriched intervals including 1.2 per cent Li2O over 10.94 metres (MAC007) and 0.92 per cent Li2O over 18.27 metres (MAC 006).
For LNPG property map, please click: http://equitorialexploration.com/projects/
Comparisons
In past decades, most of the world’s supply of lithium has come from brine sources. In recent years, there has been an increase in demand for lithium, which has resulted in the production of lithium from spodumene (lithium silicate) deposits. A number of spodumene mines are operating or currently under development globally including Talison Lithium Ltd., Pilbara Minerals Ltd. and Altura Mining Ltd. in Western Australia, and Nemaska Lithium Ltd. in Quebec, Canada.
Talison Lithium’s Greenbushes operation has been producing lithium for over 25 years. It produces 315,000 tonnes per annum lithium concentrate. At Greenbushes, the pegmatite consists of a large main zone over three kilometres long and up to 300 metres wide with numerous smaller pegmatite dikes and pods flanking the main body. The Greenbushes pegmatites are mineralogically zoned in a lenticular interfingering style along strike and down dip. The lithium zone is over two kilometres long and enriched in spodumene, which often makes up 50 per cent of the rock (see Talison Lithium’s website).
Pilbara Minerals’ Pilgangoora project contains an indicated and inferred resource of 80.2 million tonnes grading 1.26 per cent Li2O (see Pilbara Minerals’ website).
Altura Mining is actively advancing its Pilgangoora lithium project, which has a JORC mineral resource estimate of 25.5 million tonnes grading 1.23 per cent Li2O. The production forecast is the third quarter of 2017 (see Altura Mining’s website). Nemaska Lithium, a Quebec-based lithium company listed on the Toronto Stock Exchange under NMX in Canada, is actively developing a spodumene hardrock lithium deposit at its Whabouchi property. Based on a 2014 mineral resource, the Whabouchi property hosts a measured and indicated resource of 27,991,000 tonnes at 1.57 per cent Li2O, plus an inferred resource of 4,686,000 tonnes at 1.51 per cent Li2O (Nemaska Lithium revised National Instrument 43-101 technical report dated June 8, 2016). Nemaska’s phase 1 plant will have an average combined capacity of 610 tonnes per annum (see Nemaska Lithium’s website).
In 2016, Strategic Metals completed a two-week program consisting of mapping, prospecting and channel sampling. The program was designed to evaluate grade, size and density of lithium-bearing pegmatite dikes within four of the dikes swarms comprising the LNPG complex. The 2016 field program was managed by Archer, Cathro & Associates(1981) Ltd.
About Equitorial Exploration Corp
Equitorial is aggressively developing three 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}-owned, high-potential, lithium projects in North America. The Little Nahanni Pegmatite Group (LNPG) is a 43-101 compliant, hard rock, lithium property in the NWT. The Tule and Gerlach Lithium Brine Projects are located in lithium-rich Utah and Nevada within easy reach of the Tesla Gigafactory #1.
All three projects have demonstrated highly encouraging grades and Equitorial intends to actively explore these Lithium opportunities in the coming season.
Technical information in this news release has been approved by Matthew Dumala, P.Eng., a geological engineer with Archer Cathro and a qualified person for the purpose of National Instrument 43-101.
For more information please visit: http://www.equitorial.ca
On behalf of the Board of Directors
EQUITORIAL EXPLORATION CORP.
_____________________
Jack Bal, CEO and Director
For further information, please contact Jack Bal at 604-306-5285
FORWARD LOOKING STATEMENTS: This news release contains certain forward-looking statements within the meaning of Canadian securities laws, including statements regarding the Tule, Gerlach and Little Nahanni Pegmatite Project: statements pertaining to the ability of Equitorial Exploration Corp.(“EXX”); the potential to develop resources and then further develop reserves; the anticipated economic potential of the property; the availability of capital and finance for EXX to execute its strategy going forward. Forward-looking statements are based on estimates and assumptions made by EXX in light of its experience and perception of current and expected future developments, as well as other factors that EXX believes are appropriate in the circumstances. Many factors could cause EXX’s results, performance or achievements to differ materially from those expressed or implied by the forward looking statements, including: discrepancies between actual and estimated results from exploration and development and operating risks, dependence on early exploration stage concessions; uninsurable risks; competition; regulatory restrictions, including environmental regulatory restrictions and liability; currency fluctuations; defective title to mineral claims or property and dependence on key employees. Forward-looking statements are based on the expectations and opinions of the Company’s management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.
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.
Copyright (c) 2017 TheNewswire – All rights reserved.
- Published in Equitorial Exploration, Mining, News Home
Atmanco Announces Revenues of $3.1M and Profit of $158k for it’s Second Quarter of 2017
Atmanco Announces Revenues of $3.1M and Profit of $158k for it’s Second Quarter of 2017
Momentum Public Relations
Press Release: August 24, 2017
AtmanCo Inc. (“AtmanCo” or the “Company”) (TSX VENTURE:ATW) announces its quarter results ending June 30, 2017.
Highlights of the second quarter:
- Revenues up by $2.8m from last year to reach $3.1m.
- Revenues up by $354k or 13{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} from previous quarter.
- Order book of $11.1m, up by $10.4m from last year and by $1.7m from previous quarter.
- EBITDA (operating income) up by $127k from last year and by $262k from previous quarter.
- Net income of $158k, up by $441k from last year and by $729k from previous quarter.
- Cash flows from operations of $109k, up by $388k from last year and by $316k from previous quarter.
- Cash position totalled $453k, a $367k increase from previous quarter.
“In the second quarter of 2017, we have completed the integration and harmonization of VoxTel activities into AtmanCo and pursued the development of promising business opportunities for the future.
In line with our business plan of being the leader in products monetization in the telecom industry, we put our efforts to finalize our recently announced acquisition projects of PlusMobile and VuduMobile while we continue to be on the lookout for other potential acquisitions in this fast growing market”, said President and CEO of AtmanCo, Michel Guay.
The above data includes a summary of highlights. For further information, please consult the Corporation’s interim consolidated financial statement as well as the Management Report for the quarter ended June 30, 2017 at www.sedar.com
Forward-Looking Statements Disclaimer
This press release contains forward-looking statements that reflect the Company’s current expectation regarding future events. There is a risk that expectations and forward-looking statements will not prove to be accurate. Readers are cautioned not to place undue reliance on these forward-looking statements as they involve risks and uncertainties, which could make actual results differ materially from those projected herein and depend on a number of factors including, but not limited to, no history of profitability, future financing, intellectual property and patents, key personnel, competitive marketplace, technology obsolescence, share price volatility and other risks detailed from time to time in the Company’s filings. While AtmanCo anticipates that subsequent events and developments may cause its views to change, AtmanCo specifically disclaims any obligation to update these forward looking statements, unless obligated to do so by applicable securities laws.
Additional information regarding the Company are available on SEDAR www.sedar.com
The TSX Venture Exchange and its Regulatory Services provider (as per meaning assigned to this term in TSX Venture Exchange’s policies) bear no liability as to the relevance or accuracy of this press release.
ABOUT ATMANCO
AtmanCo (TSX VENTURE:ATW) is a leader in information technology in the telecom industry, owner of several web platforms including VoxTel, Québec Rencontres, Atman and Bloomed. VoxTel offers various interactive landline and mobile phone solutions, as well as carrier billing and SMS features. Quebec Rencontres is a web and mobile social network application catered to building serious and sustainable relationships. Atman and its APIs enable companies to optimize their human capital. Bloomed is a cloud-based platform to manage data (smart data) on consumers and their behaviors, which is developed for marketing agencies and their campaigns for the consumer and corporate markets.
AtmanCo Inc.
Michel Guay
Founder, President and CEO
514.935.5959 ext. 301
mguay@atmanco.com
Simon Bedard, CA, CPA, CFA, MBA
CFO
514.935.5959 ext. 304
sbedard@atmanco.com
www.atmanco.com
- Published in Atmanco, Financial Technology, Mobile Technology, News Home, Technology
Sirona Biochem Receives TSX Venture Exchange Approval on Warrant Extension
Sirona Biochem Receives TSX Venture Exchange Approval on Warrant Extension
Momentum Public Relations
Press Release: August 23, 2017
VANCOUVER, BC–(Marketwired – August 23, 2017) – Sirona Biochem Corp. (TSX VENTURE: SBM) (FRANKFURT: ZSB), announces an extension to the term of 8,850,770 common share purchase warrants (the “Warrants”) originally issued on March 6, 2014. The warrants were issued as part of a private placement. The expiry dates will be extended as follows:
March 6, 2014 | |
Number of Warrants: | 8,850,770 |
Original Expiry Date of Warrants: | March 6, 2017 |
New Expiry Date of Warrants: | November 30, 2017 |
Exercise Price of Warrants: | $0.25 |
All other terms of the Warrants will remain unchanged.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For more information regarding this press release, please contact:
Christopher Hopton
CFO
Sirona Biochem Corp.
Phone: 1.604.282.6064
Email: chopton@sironabiochem.com
- Published in Bio technology, Life Sciences, News Home, Sirona Biochem, Technology
Puma Exploration starts drilling program at Murray Brook Deposit
Puma Exploration starts drilling program at Murray Brook Deposit
Momentum Public Relations
Press Release: August 23, 2017
Puma Exploration Inc. (the “Company” or “Puma”) (TSX VENTURE:PUM)(SSE:PUMA) has begun its first drilling program at the Murray Brook Deposit. The first hole is underway and is collared to test the depth extension of the massive sulphide deposit located at surface and extending, continuously to 300 meters vertical.
Two (2) other holes are planned to verify the shallower copper mineralization intersected in the southwestern part of the deposit. The copper zone is open along strike and lies within the first 100 meters from surface. The targets consist of a combined airborne MEGATEM anomaly and a surface chargeability IP anomaly which have never been drilled.
“We are most excited to launch our own drilling program at the Murray Brook Deposit as it is the first drilling program conducted on this mining lease property since 2013” notes Marcel Robillard, President and CEO of Puma Exploration. The current drilling program begun, as planned, following the completion of phase I of the trenching operation completed on the Murray Brook East property.
Murray Brook East (4925)
The Murray Brook East property (4925) consists of 245 claims (5326 hectares) located between the Murray Brook Mining Lease (#255) and the Caribou Mining Lease (# 246). Its eastern boundary is located only four kilometers west of the producing Caribou Mine owned and operated by Trevali Mining Corp.
An extensive trenching program began on the Murray Brook East property at the beginning of June to verify the targets defined by Puma’s geologists from the data collected by the previous operators which included geophysical surveys (HeliTEM, Magnetic, Gravity) and geochemical surveys (1,853 soil samples). A previous 10 short holes drilling program along the 7 km favorable was conducted in 1956.
Trenching (Phase I)
Puma has completed a trenching program (Phase I) at Murray Brook East property, which consisted of a total of 38 trenches on a 3.8 km length. Some 127 samples were collected and will be analyzed for metals and whole rock geochemistry. The main objective of this preliminary program was to delineate and describe the contact between felsic volcanic and the sediments similar to the favorable horizon hosting the Murray Brook Deposit before proceeding with a drilling program.
Disseminated sulphides to massive sulphide veins were observed over a large gravity anomaly located at the contact between the sediments and the felsic volcanic in the northern boundary of the property. Other mineralized rock was observed mostly around two other gravity anomalies. In many locations, the black shale (sediments) observed were faulted and/or folded locally. This observation is important for the next drilling campaign planned to start in October and these areas will be the first priority targets.
Murray Brook Deposit
The underground sulphide mineral resource estimate of the Murray Brook Deposit comprises measured and indicated mineral resources totalling 5.28 million tonnes averaging 5.24 per cent zinc, 1.80 per cent lead, 0.46 per cent copper, 68.9 grams per tonne silver and 0.65 g/t gold. It contains 610 million pounds of zinc, 209 million pounds of lead, 54 million pounds of copper, 11.7 million ounces of silver and 111,000 ounces of gold at a $85 per-tonne NSR (net-smelter-return) cut-off in the sulphide measured and indicated categories. On February 20th 2017, the NI 43-101 report was accepted and filed on SEDAR.
Puma is actually updating the PEA on the Murray Brook Deposit. Various economic and development scenarios is currently studied from a large open pit to a high grade zinc underground operation.
About the Murray Brook Project
The Murray Brook Project consists of three (3) distinct contiguous areas that cover more than 18 kilometers of the favorable rock hosting the operating Caribou Mine (Trevali Mining Corp.), the Murray Brook Deposit and the past operating Restigouche Mine (Trevali Mining Corp.). From east to west, they are the Murray Brook East Property (4925), the Murray Brook Mining Lease (# 252) and the Murray Brook West Property (7846). The Murray Brook East and Murray Brook West Properties have been subject to various degrees of exploration and share the same potential of increasing the mineral resources defined at the Murray Brook Deposit.
About Puma Exploration Inc.
Puma Exploration is a Canadian mineral exploration company with advanced precious and base metals projects in Canada. The Company’s major assets are an option to acquire 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} per-cent beneficial interest in the Murray Brook Property, the Turgeon Zinc-Copper Project and the Nicholas-Denys Project located in New Brunswick as well as an equity interest in BWR Resources. Puma’s objective for the coming year is to focus its exploration efforts in New Brunswick.
You can visit us on Facebook and Twitter.
Learn more by consulting www.pumaexploration.com for further information on Puma Exploration Inc.
The contents of this press release were prepared by Marcel Robillard, P.Geo., a Qualified Person as defined in NI 43-101. 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.
Forward-Looking Statements: This press release may contain forward-looking statements. Such forward-looking statements involve a number of known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Puma Exploration Inc. to be materially different from actual future results and achievements expressed or implied by such forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements which speak only as of the date the statements were made, except as required by law. Puma Exploration undertakes no obligation to publicly update or revise any forward-looking statements. These risks and uncertainties are described in the quarterly and annual reports and in the documents submitted to the securities administration.
Puma Exploration Inc.
Marcel Robillard
President
(418) 724-0901
president@explorationpuma.com
www.pumaexploration.com
- Published in Mining, News Home, Puma Exploration
Deep-South Resources Intends to Acquire 75 of the Inal Property Neighboring the Kinross Gold Mine
Deep-South Resources Intends to Acquire 75{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the Inal Property Neighboring the Kinross Tasiast Gold Mine in Mauritania
Momentum Public Relations
Press Release: August 23, 2017
Deep-South Resources Inc. (” Deep-South ” or ” the Company “) (TSX-V: DSM) is pleased to announce that it has signed a letter of agreement (the “Letter of Agreement”) to acquire from Suricate SARL ( “Suricate” ), 75{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the INAL project, neighboring the Kinross Tasiast gold mine situated in the northwest of Mauritania.
Upon completion of a satisfactory due diligence, Deep-South shall acquire a 75{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} beneficial interest in the INAL project in consideration for a cash payment of
US $ 20,000.00 and the issuance of 500,000 common shares of Deep-South. The respective interests of both Parties will be held into a joint-venture company (Holdco).
Furthermore, Deep-South shall incur the following payments and shares issuance to Suricate:
On Cash Payments Shares Issuance
First Anniversary of Closing Date US$ 100,000 250,000
Second Anniversary of Closing Date US$ 100,000 250,000
Third Anniversary of Closing Date US$ 100,000 250,000
In addition to the above mentioned consideration, pursuant to the Letter of Agreement Suricate is entitled to a production bonus of US $ 1 million to be paid on the first day of commercial production commencement;
Deep-South shall finance all the exploration expenditures up to a production decision. Upon the day of a commercial production decision, Suricate shall contribute its share of the eventual mine development. Deep-South intends to hire Suricate to act as its representative in Mauritania for a period of 24 months from the Closing Date at a rate of US$2,500 per month.
Upon closing, Sparrowhawk Gold Limited, a geological consulting company, has analyzed the project and upon closing will receive a compensation of US $ 3,500 and 50,000 common shares of Deep-South. After the first anniversary of the Letter of Agreement, Deep-South shall retain the services of Sparrowhawk for the 3 subsequent years of the project for a cash compensation of US $ 10,000 per year and the issuance of 30,000 common shares per year .
The Letter of Agreement, and the transactions contemplated therein, including the shares issuance are subject to approval by the TSX Venture Exchange . All securities issued pursuant to the Letter of Agreement and to Sparrowhawk Gold Limited will be subject to a hold period of four months and a day from the date of issuance.
Mr. John Akwenye, Chairman of Deep-South stated, “We are delighted with this transaction. We are securing a large area in the heart of a promising area that already host a large gold mine and several discoveries. INAL has substantial exploration potential. It is a strong addition to our Haib copper project in Namibia. INAL is a quality asset that adds strong value for our shareholders.”
About the INAL Project: Gold and Lithium potential
The INAL project is situated within the Aoueouat Greenstone Belt of North West Mauritania (see maps at:https://www.deepsouthresources.com/projects/inal-property/ ). The project comprises two exploration licenses covering an area of 441 square kilometres located some 45 kilometres North East along trend from Kinross’s Tasiast gold deposit, and is adjacent to Kinross’s N’Daouas-Est and Algold’s Legouessi exploration licenses. The project covers prime granite greenstone belt terrain and host a number of geological structures extending from the Kinross licenses through, and onto, the INAL licenses. These structures, including a banded iron formation that hosts the Tasiast deposit, have the potential to host gold mineralization.
Furthermore, the INAL project also hosts a number of pegmatite bodies with confirmed spodumene and lepidolite mineralization. The pegmatite bodies have been identified by intermittence over a length of at least 40 km and a width of over 10 km, and represent very prospective targets for lithium mineralization.
North Western Mauritania is underlain by the South Western portion of the Reguibat Shield, which forms part of the West African Craton. The Reguibat Shield host Archaean age Greenstone Belts that bear many similarities to other Archaean age Greenstone Belts of the West African Craton, most notably in Ghana, Burkina Faso, Mali and others, which all host multi-million ounce gold deposits.
Clifford Fitzhenry; MSc, BSc (Hons), Pr.Sci.Nat., is responsible for the technical part of this press release and is the designated Qualified Person under the terms of National Instrument 43-101.
About Deep-South Resources Inc.
Deep-South Resources Inc. is a mineral exploration company largely held Namibian shareholders and Teck Resources Ltd, which holds about 35{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of Deep-South share capital. Deep-South is actively involved in the acquisition, exploration and development of major mineral properties. Deep-South currently holds 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the Haib Copper project in Namibia, one of the largest copper porphyry in Africa. Deep- South growth strategy is to focus on the exploration and development of quality assets, in significant mineralized trends, c los e to infrastructure, in stable countries.
This press release contains certain “forward-looking statements,” as identified in Deep-South’s periodic filings with Canadian Securities Regulators that involve a number of risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. 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.
- Published in Deep South Resources Inc., Mining, News Home
Albert (AIIM.V) Completed 42 Kimberlite Targets Evaluation Close to Renard Diamond Mine
Albert Completed 42 Kimberlite Targets Evaluation Close to Renard Diamond Mine in Central Quebec
Momentum Public Relations
Press Release: August 23, 2017
Albert Mining Inc. (the ” Company ” or ” Albert “) (TSX-V: AIIM) is pleased to announce the completion of a prospecting and till sampling program at its 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} owned James Bay Kimberlite project (JBK project), Laparre Diamond and Nelly Neilson Gold projects in the James Bay area, Quebec.
James Bay Kimberlite project (JBK)
Albert Mining has completed a preliminary evaluation of its geophysical targets located in the vicinity of the Renard Diamond Mine in central Quebec. A total of 42 high-priority targets exhibiting signatures of kimberlite bodies as revealed by CARDS’ (Computer Aided Resources Detection System) treatment of available data were tested through field examination of the immediate area, followed by glacial sediment sampling as required. The work was done by two senior geologists and supported by helicopter. Only three of the targets were discarded because of the presence of abundant outcrops of country rocks at the site; the remaining fall in areas of obvious glacial cover or lakes. Accordingly, a total of 45 samples of till were collected some 200 m to 600 m down-ice from the targets in order to ascertain whether they correspond to punctual sources of kimberlitic indicator minerals (KIMs). The samples were securely shipped by Albert’s staff to Overburden Drilling Management (ODM) in Ottawa for treatment and identification of KIMs. Results are expected at the end of September 2017 and will be used to help identify potential targets for follow up exploration.
Laparre Diamond
The most significant occurrence of KIMs indicated from Albert’s (formerly known as Majescor) archives for the Laparre Project Area was resampled during this campaign. The original sample hole was easily located from GPS coordinates and it was properly resampled. Concurrently, four new samples of glacial sediment were collected on a 100m-spacing line extending to the east and west sides. These five additional samples are part of the sample shipment to ODM. These results should confirm both the count and chemistry of the KIMs present at Laparre.
Nelly Neilson Gold
A number of gold-bearing till sample (20-50 visible gold grains) were followed-up through closely spaced sampling (every 100 – 150 m) along two transects drawn perpendicularly to ice flow. A higher content of Archean rock fragments observed within the till on the northernmost transect suggests proximity to the contact between Archean rocks and Proterozoic-age, quartz-rich sediments of the Otish Basin. Note that both are favorable for gold mineralization. Heavy mineral concentrates (50 g) extracted from these till samples will be submitted for analysis by INAA (Instrumental Neutron Activation Analysis) to appraise gold-in-till concentration at Nelly Neilson. All confirmation, consistent gold grades will be quickly followed-up through additional till sampling and basic prospection so as to better define the bedrock source of the gold.
About Albert Mining Inc.
Albert is a junior mining exploration company with an extensive portfolio of gold and diamond properties in Quebec. Albert also recently acquired assets from DIAGNOS Inc.’s mining division, including the Computer Aided Resources Detection System (“CARDS”). Albert can count on a multidisciplinary team that includes professionals in geophysics, geology, Artificial Intelligence, and mathematics. The Company’s objective is to develop a new royalty stream by significantly enhancing and participating in the exploration success rate of mining.
For further information, please contact:
Michel Fontaine
President and CEO of Albert Mining Inc.
Telephone: 514-994-5843
Fax: 613-422-0773
Email: michel@albertmining.com
Website: www.albertmining.com
- Published in Albert Mining, Mining, News Home, Technology
Rechargeable Zinc-Air Batteries Could Threaten Li-ion’s Dominance
Rechargeable Zinc-Air Batteries Could Threaten Li-ion’s Dominance
Ongoing research on rechargeable zinc-air batteries indicates the potential of competing with lithium-ion as the power source of choice for electronic devices.
Current research on zinc-air batteries aims to transform this battery type from non-rechargeable to rechargeable. To describe how rechargeable zinc-air batteries work, we first have to look at their existing non-rechargeable counterparts, which are metal-air batteries activated by oxidizing zinc with oxygen from the air.
Non-rechargeable sizes range from very small button cells for hearing aids, to larger types used in cameras. You can’t use zinc-air batteries in a sealed battery holder because some air must come in. This battery requires oxygen in 1 liter of air for every ampere-hour of capacity.
During the discharge of a non-rechargeable zinc-air battery, a mass of zinc particles forms a porous anode, which is saturated with an electrolyte. Oxygen from the air reacts at the cathode and forms hydroxyl ions that migrate into the zinc paste and form zincate, releasing electrons to travel to the cathode. The zincate decays into zinc oxide and water that returns to the electrolyte. The water and hydroxyl from the anode are recycled at the cathode, so the water is not consumed. These reactions produce a theoretical 1.65 V, but this reduces to 1.35-1.4 V in practical cells.
It’s in the Air
Non-rechargeable zinc-air batteries have higher energy density and specific energy (and weight) ratio than other types of battery because atmospheric air is one of the battery reactants. The air is not packaged with the battery; therefore, a cell can use more zinc in the anode than a cell that must also contain, for example, manganese dioxide. This increases capacity for a given weight or volume. As a specific example, a zinc-air battery from one manufacturer with a 11.6 mm diameter and 5.4 mm height has a capacity of 620 mAh and weighs 1.9 g; various silver oxide and alkaline cells of the same size supply have a 150- to 200-mAh capacity and weigh 2.3-2.4 g.
The operating life of a zinc-air cell is a critical function of its interaction with the environment. The electrolyte loses water more rapidly in conditions of high temperature and low humidity. Because its potassium-hydroxide electrolyte is deliquescent, in very humid conditions excess water accumulates in the cell, flooding the cathode and destroying its active properties. Potassium hydroxide also reacts with atmospheric carbon dioxide; carbonate formation eventually reduces electrolyte conductivity.
Because the cathode does not change properties during discharge, terminal voltage is quite stable until the cell approaches exhaustion. Its power capacity is a function of:
- Cathode area
- Air availability
- Porosity
- Catalytic value of the cathode surface
Oxygen entry into the cell must be balanced against electrolyte water loss. Cathode membranes are coated with (hydrophobic) Teflon material to limit water loss. Low humidity increases water loss; if enough water is lost the cell fails. Button cells have a limited current drain. For example, an IEC PR44 cell has a capacity of 600 mAh, but a maximum current of only 22 mA. Pulse load currents can be much higher since some oxygen remains in the cell between pulses.
Though low temperature reduces primary cell capacity, the effect is small for low drains. A cell may deliver 80{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of its capacity if discharged over 300 hours at 0°C, but only 20{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of capacity if discharged at a 50-hour rate at that temperature. Lower temperature also reduces cell voltage.
Non-rechargeable zinc-air batteries have some properties similar to fuel cells as well as batteries: the zinc is the fuel, the reaction rate can be controlled by varying the air flow, and oxidized zinc/electrolyte paste can be replaced with fresh paste.
News_ Due to the global abundance of zinc metal, these batteries are much cheaper to produce than lithium-ion batteries. On top of that, they can store more energy (theoretically five times more than that of lithium-ion batteries), and are much safer and more environmentally friendly.
Leading the Charge on Recharging Issues
Widespread use of zinc-air batteries has been hindered by the fact that, up until now, recharging them has been difficult. This is due to the lack of electrocatalysts that successfully reduce and generate oxygen during the discharging and charging of a battery.
A new three-stage method to overcome this recharging problem was recently described in Advanced Materials. The article was authored by chemical engineering researchers from the University of Sydney (Australia) and Nanyang Technological University (Singapore).
Rechargeable zinc-air batteries show promise as a viable power-source option to lithium-ions.
According to lead author Professor Yuan Chen, from the University of Sydney’s Faculty of Engineering and Information Technologies, the new method can be used to create bifunctional oxygen electrocatalysts for building rechargeable zinc-air batteries from scratch. The figure shows a prototype of one of their rechargeable zinc-air batteries.
“Up until now, rechargeable zinc-air batteries have been made with expensive precious metal catalysts, such as platinum and iridium oxide,” he said. “In contrast, our method produces a family of new high-performance and low-cost catalysts.”
These new catalysts can then be applied to build rechargeable zinc-air batteries. They are produced through the simultaneous control of their:
Paper co-author Dr Li Wei, also from the University’s Faculty of Engineering and Information Technologies, said trials of zinc-air batteries developed with the new catalysts had demonstrated excellent rechargeability—including less than a 10{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} battery efficacy drop over 60 discharging/charging cycles of 120 hours.
“We are solving fundamental technological challenges to realize more sustainable metal-air batteries for our society,” added Professor Chen.
Research on zinc-air batteries is also ongoing at the University of Waterloo in Canada. Their research focus is on the development of novel bifunctional catalysts capable of catalyzing both the oxygen reduction (battery discharge) and oxygen evolution (battery recharge) reactions to create practically viable rechargeable zinc-air batteries. In addition, they focus on the design and performance optimization of both air and zinc electrodes as well as a solid electrolyte membrane. Finally, their aim is to combine the components into various forms of a rechargeable zinc-air battery, such as stationary, flexible, and flow cells.
Like most research projects some questions arise:
1. Do these rechargeable versions have similar energy density and specific energy (and weight) as the existing non-rechargeable types?
2. What is the effect of temperature change on these rechargeable batteries?
3. How many times can these batteries be charged and recharged and still maintain the expected output voltage?
4. They produce a lower output voltage, so how can rechargeable zinc-air batteries compete with lithium-ion?
5. How does humidity affect performance of the rechargeable battery?
6. Are there electronic system packaging problems because these rechargeable batteries require access to air?
7. Does the design prototype produced by research lend itself to mass production of rechargeable batteries?
8. Will these rechargeable batteries be able to power electric vehicles?
- Published in Blog, Blue Moon, Green Technology, Mining, Technology
Hillcrest (HRH:tsxv) Signs Merchant Banking Agreement
Hillcrest Signs Merchant Banking Agreement
Momentum Public Relations
Press Release: August 22, 2017
Hillcrest Petroleum Ltd. (the ” Company ” or ” Hillcrest “) is pleased to announce that the Company has signed a Merchant Banking agreement with WC Capital Inc, an Ontario based organization. WC Capital Inc is an affiliate of Wade & Company, a private family office investment firm and merchant bank, managed by a successful team of investors and entrepreneurs with a breadth of experience across different sectors. WC Capital Inc and Wade & Company specialize in various lending products, direct investment and advisory services.
WC Capital Inc, through their network, will provide assistance in identifying potential business dealings and partners, early stage legal review of all potential business dealings, potential direct or indirect investment in any deals under review or acquired and will assist in expanding the profile of Hillcrest within the circle of their investment community. The agreement between Hillcrest and WC Capital Inc is for a term of 1 year with potential renewals available. The agreement is subject to acceptance of the TSX Venture Exchange.
“This agreement represents a giant step forward for Hillcrest as we search for and review transformational deals for the Company .” Don Currie, Hillcrest Petroleum CEO, states: “WC Capital together with Wade & Company provide Hillcrest with financial advisory services, early stage legal review and assistance as well as potential investment strength, which are all critical needs for junior listed companies in early stage negotiations. With a number of acquisition targets under review, the support and services provided by WC Capital Inc is expected to give Hillcrest an increased ability to quickly assess and potentially acquire assets. The Company will update its shareholders as we progress towards any potential purchases or joint ventures.”
For more information on Hillcrest Petroleum Ltd, contact Don Currie toll free at 1-855-609-0006 or visit the Company’s website at www.hillcrestpetroleum.com
ON BEHALF OF THE BOARD
Donald Currie
Chief Executive Officer and Director
- Published in Hillcrest Petroleum, Mining, News Home, Oil and Gas
INCA ONE GOLD (IO:tsxv) ANNOUNCES 109 INCREASE IN YOY GOLD PRODUCTION
Inca One Gold Announces 109{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Increase in Year Over Year (YOY) Gold Production, Electrical Update and Changes to Board & Management
Momentum Public Relations
Press Release: August 22, 2017
Inca One Gold Corp.’s (IO : tsxv) gold production in May and June, 2017, reached 1,659 ounces, an increase of 109 per cent year over year and an increase of 9 per cent from February, March and April of 2017.
During the two months, the company achieved an average throughput of 60 tonnes per day, an increase of 109 per cent from the comparable period in 2016, and an increase of 5 per cent from Q4 2017. Over these two months, the company processed approximately 3,681 tonnes of material, compared with 1,747 tonnes year over year (an increase of 111 per cent).
Inca One previously reported (June, 2017, press release) that mining activity in Peru was disrupted this year by unusually harsh weather conditions including flooding. After the floods subsided, roadways reopened and mineral deliveries picked up, allowing the company to realize a substantial increase in supply of gold bearing material for processing. Mineral purchases from May and June of 2017 increased by an average of 124 per cent year over year and 3 per cent over Q4 2017.
“We are pleased with the triple-digit improvements in the three main facets of the business: mineral deliveries, processing and gold production,” stated Inca One president and chief executive officer Edward Kelly. “We are building a solid platform which we expect to improve on in the second half of this year.”
Electrical grid update
Inca One’s wholly owned Chala One milling facility is now connected to the electrical grid. The milling facility is currently receiving approximately two-thirds of its power from the grid. Final upgrades to the grid proximal to the town of Chala are under way. Full power line delivery is anticipated to be provided by SEAL, the regional power supplier, by the fall of 2017.
Changes to board and management
Inca One announces the resignation of Oliver Foeste from its board of directors and as chief financial officer. Mr. Foeste has served as a director of the company since 2010, during which time Inca One transitioned from an early-stage exploration company into an operating gold processor with cumulative revenue in excess of $30-million (U.S.) since commercial operations began in 2015. The company would like to thank Mr. Foeste for his dedication, diligence and positive contributions over the past seven years and wishes him the very best as he focuses on his growing accounting and finance advisory practice.
Also resigning from the Inca One board is Richard A. Mundie. The company would like to thank Mr. Mundie for his guidance and wish him well in all future endeavours.
The company is pleased to announce the appointment of Kevin Hart as chief financial officer.
Mr. Hart is a chartered professional accountant with over 20 years of international experience in finance, administration and governance for mining companies listed on the Toronto Stock Exchange and New York Stock Exchange. Most recently, he was corporate controller for Asanko Gold Inc. During his tenure, Asanko transitioned into a mid-tier gold producer in Ghana, West Africa. Prior to Asanko, Mr. Hart held senior finance and management positions for several companies founded by the Hunter Dickinson (HDI) group. Those companies included Farallon, which built the G9 mine in Mexico and was sold to Nyrstar in 2011. Mr. Hart was also involved in the restart of Taseko’s Gibraltar copper mine in Williams Lake, B.C.
The company is also pleased to announce the appointments of Rodney Stevens and Adrian Morger to its board of directors, effective immediately.
Mr. Stevens is a CFA charter holder with over 10 years experience in the capital markets, first as an investment analyst with Salman Partners Inc., then as a merchant and investment banker. While at Salman Partners, Mr. Stevens was recognized by Starmine in 2007, as a top-rated analyst for the metals and mining industry. Over the course of his career, Mr. Stevens has been instrumental in assisting in financings and merger and acquisition activity worth over $1-billion in transaction value.
Mr. Morger is a European-based asset manager with over 20 years experience in the banking industry. After studying business and economics from 1998 to 2001 at the University of Applied Sciences in Chur, Switzerland, he worked as fund manager of alternative investments at Internationale Fonds Service AG, then as head of fund and manager selection for VP Bank AG in Vaduz, Liechtenstein. In March, 2009, he founded Everest Wealth Management AG, followed in January, 2015, by Falknis Wealth Management AG. His asset management businesses also provide direct loans to mining companies.
About Inca One Gold Corp.
The company’s activities consist of the production of gold and silver from the processing of purchased minerals located in Peru. Peru is the sixth-largest producer of gold in the world, and the Peruvian government estimates the small-scale-mining sector accounts for a significant portion of all Peruvian gold production, estimated to be valued approximately $3-billion (U.S.) annually. The company purchases its minerals from government-registered small-scale mining producers from various regions and processes at its Chala One milling facility located in Chala, southern Peru.
- Published in Inca One Gold Corp, Mining, News Home
AtmanCo Announces Signature of a Letter of Intent for the Acquisition of VuduMobile
AtmanCo Announces Signature of a Letter of Intent for the Acquisition of VuduMobile
Momentum Public Relations
Press Release: August 16, 2017
AtmanCo inc. (“AtmanCo” or the “Company”) (TSX VENTURE:ATW) announces today the signature of a letter of intent for the acquisition of all of the outstanding shares of VuduMobile Inc. (“VuduMobile”).
VuduMobile in a well-established company in the text messaging business for enterprises through its unique, user-friendly and bilingual test messaging application et turnkey solution allowing management of text message management programs in all kind of businesses. Among others, VuduMobile was recently awarded a contract with Régie de l’Assurance Maladie du Québec following a tendering process for SMS alert services for appointments in Quebec medical clinics.
The letter of intent contemplates a purchase price of $600,000 and is subject to certain adjustments. No commission is payable and no change of control will result.
“We are proud to come to an agreement with VuduMobile on this strategic acquisition that would allow us to consolidate our position in the fast-growing text messaging and mobile marketing business, improve the quality of our products and our text messaging technologies as well as adding up to our team expertise in this promising market,” said Michel Guay, President and CEO of AtmanCo.
The closing of this transaction between AtmanCo and VuduMobile, which are dealing at arm’s length, is conditional among other things on AtmanCo carrying out a satisfactory due diligence on VuduMobile, obtaining financing with size, terms & conditions to be determined and obtaining all necessary regulatory approvals. Closing of the transaction is expected on or about October 31, 2017
ABOUT ATMANCO
AtmanCo (TSX VENTURE:ATW) is a leader in information technology, owner of several web platforms including VoxTel, Québec Rencontres, Atman and Bloomed. VoxTel offers various interactive landline and mobile phone solutions, as well as carrier billing and SMS features. Quebec Rencontres is a web and mobile social network application catered to building serious and sustainable relationships. Atman and its APIs enable companies to optimize their human capital. Bloomed is a cloud-based platform to manage data (smart data) on consumers and their behaviors, which is developed for marketing agencies and their campaigns for the consumer and corporate markets.
AtmanCo Inc.
Michel Guay
Founder, president and CEO
514.935.5959 ext. 301
mguay@atmanco.com
www.atmanco.com
Simon Bedard, CA, CPA, CFA, MBA
CFO
514.935.5959 ext. 304
sbedard@atmanco.com
- Published in Atmanco, Mobile Technology, News Home