Canamex Resources Announces New Interim CEO, Director and Chairman
Momentum Public Relations
Press Release: October 5, 2017
Vancouver, British Columbia / TheNewswire / October 5, 2017 – Canamex Resources Corp. (the “Company” or “Canamex”) (TSX-V: CSQ) (OTCBB: CNMXF) (FSE: CX6) is pleased to announce the appointment of David Vincent as Interim CEO, a director and audit committee member of the Company, and Mike Stark as Chairman of the board of directors of the Company, effective immediately. To facilitate these changes, Mark Billings has stepped down as Chairman, CEO, a director and audit committee member of the Company. The Company wishes to thank Mr. Billings for his service as an officer and director of the Company and wishes him the best for his future endeavors.
David Vincent specializes in business development, business winning, project management and financial planning. Mr. Vincent is an Aeronautical Engineer and Military and Civil Aviator and holds a Bachelor of Engineering with Distinction, a Diploma of Financial Planning from Deakin University, Australia, a Diploma in Administrative Studies and an Advanced Diploma in Aviation Studies. Mr. Vincent is formerly the managing director of Africa Gold FZC and Africa Gold Limited, a Senior Executive Officer of BBY (Dubai) Limited, an Offset Manager, sales and marketing manager for BAE Systems United Kingdom, Business Winning Manager, Project Manager and Bid Manager for BAE Systems International and a Senior Engineering Officer for RAAF Williamtown.
Additionally, Mr. Vincent was a Senior Training Staff Officer and Technical and Specialist Training Officer at RAAF Headquarters Training Command where he revised the RAAF training policy and procedures that aligned the Air Force to the National competency based training and asset systems and drafted material that included technician standards development, training delivery systems, assessment systems, quality assurance and management processes.
Furthermore, Mr. Vincent was formerly an Aircraft Engineer for the Ministry of Defence, an Aircraft Captain and a Trainee Military Pilot.
Gregory Hahn, President of the Company stated “Mr. Vincent was instrumental in the most recent private placement by introducing us to a new group of investors worldwide. His international contacts and strong business acumen should help move the Company forward as we advance our Bruner gold project beyond the new resource update and the updated Preliminary Economic Assessment that is expected out before year-end”.
ON BEHALF OF THE BOARD
Greg Hahn
President, COO and Director
Mike Stark
Director and Chairman
Contact: (604) 833-4278
mstark@telus.net
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 Canamex Resources Corp., Mining, News Home
Equitorial Exploration Undertakes Core Resampling Program to Re-analyze Previous Lithium Results
Momentum Public Relations
Press Release: October 5, 2017
Vancouver, BC, Canada / TheNewswire / October 5, 2017 – Equitorial Exploration Corp. (TSX-V: EXX, Frankfurt: EE1, OTCQB: EQTXF) (“Equitorial” or “Company”) is pleased to report that it is resampling the 2007 diamond drill core from its 100 -owned Little Nahanni Pegmatite Group (LNPG) Lithium Property (NWT). Equitorial believes that intersections from the 2007 drill core contain significant previously unevaluated lithium potential. This program will re-examine and re-sample the existing drill core in order to better test the lithium potential of the dyke swarms and to further advance the understanding of the project.
Highlights
- – Previous property owner was exploring for tantalum and tin- Lithium results from holes MAC006 and MAC007 are believed to be understated
– Many of the samples exceeded the upper detection limit for lithium (1 ) and were not further analyzed
– This program will analyze the drill core using techniques suitable for >1 lithium
In 2007, five holes totaling 1,120 m were drilled on the Li Property by a previous owner while exploring for tantalum and tin. The most significant results from this work were obtained from holes MAC006 and MAC007 which were drilled from a single ridge-top setup and targeted the Great Wall of China swarm in the central part of the property. MAC006 intersected 0.92 Li2O over 18.27 m, while MAC007 intersected 1.20 Li2O over 10.94 m. Lithium results from these holes is believed to be understated as many of the samples included in these intervals exceeded the upper detection limit for lithium (1 ) and were not analyzed beyond this. The 2017 sampling will analyze the drill core using techniques suitable for >1 lithium.
Lithium-cesium-tantalum pegmatite dyke swarms on the property have been traced over a combined length of 13 km in mountainous terrain that is deeply incised by several east- or west-facing cirques. The vertical extent of these dykes has been traced for 300 m through natural exposure and diamond drilling along ridges in 2007. The dykes are well exposed on the cirque walls and strike northerly, with near vertical dips. Where sampled, each dyke swarm is up to 52.60 m wide and contains multiple dykes that range from 0.2 to 10 m in width.
The 2017 program will be managed by Archer, Cathro & Associates (1981) Limited (“Archer Cathro”).
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 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/
Comparative Lithium Properties
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 -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://equitorialexploration.com/
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
Crystal Lake amends deals for four Ontario properties
Momentum Public Relations
Press Release: October 5, 2017
Mr. Alphonse Ruggiero reports
PROPERTY ACQUISITIONS FINALIZED
Pursuant to a right of first refusal, Crystal Lake Mining Corp. has entered into an amended purchase agreement dated Jan. 20, 2017, with Emerald Lake Development Corp. (ELD).
The Company will acquire a One Hundred (100 ) percent interest in the mineral rights hosted by the properties known as Property #1 Property #5, Property #7 and Property #8, located near Emo, Ontario.
The 4 separate prospective claim blocks have similar geological characteristics to the EL1 and EL5 property blocks which the Company currently holds under option, targeting Ni, Cu, Co, PGM’s and massive sulphides.
In addition, after further due diligence the Company has exercised its option and entered into an agreement to also acquire Property #2 and Property #4 (see press release dated September 30, 2016), also located near Emo.
In order to complete the acquisition of the 6 separate and highly prospective claim blocks, the Company will issue a total of 10,500,000 common shares to ELDC for a 100 interest in the properties. ELDC has agreed to an 18 month voluntary hold period on the issued shares.
The company shall also pay to ELDC the sum of CDN$50,000 upon closing of its next majority equity financing. An amended royalty of 2 of net smelter returns shall be payable to ELD upon the commencement of commercial production from any of the noted properties – 1 may be purchased $1 million dollars. This acquisition remains subject to TSXV approval.
About the Company
Crystal Lake Mining Corporation is a mineral exploration/Development company focused on creating value through the exploration and development of its British Columbia and Ontario mineral properties.
© 2017 Canjex Publishing Ltd. All rights reserved.
- Published in Crystal Lake Mining, Mining, News Home
NetworkNewsWire Announces Publication Discussing the Favorable Outlook on Zinc
Momentum Public Relations
Press Release: October 5, 2017
NEW YORK, NY–(Marketwired – Oct 5, 2017) – NetworkNewsWire (“NNW”), a multifaceted financial news and publishing company, today announces the publication of an editorial featuring Blue Moon Zinc Corp. (TSX VENTURE: MOON) (OTC: BMOOF), a client of NNW focused on developing its advanced-stage, wholly owned Blue Moon zinc project in central California.
The publication, titled, “Zinc Shows a Silver Lining as Exchange Stocks Fall to Lowest Level in Decades,” highlights companies that are preparing for an increase in zinc demand.
To view the full publication, visit: https://www.networknewswire.com/zinc-shows-silver-lining-exchange-stocks-fall-lowest-level-decades/
“Zinc is beginning to shine again. The metal has been a top performer on the London Metal Exchange (LME), breaking through the $3,000 a metric tonne ceiling for the first time in over a decade. With stocks on the three main exchanges (Shanghai Metals Market, COMEX and LME) at record lows, prices are expected to remain elevated, potentially changing the economics of zinc production for Blue Moon Zinc Corp. (TSX VENTURE: MOON) (OTC: BMOOF) (MOON Profile).
“The Blue Moon project, located in Mariposa County, California, is estimated to have close to 375 million pounds of zinc in the indicated category, and about 400 million pounds on an inferred basis. A high recovery rate (95{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}) and its location in an area with well-developed infrastructure and access to labor and other resources gives Blue Moon, USA an indisputable commercial advantage over other junior zinc companies. Moreover, the management and advisory team includes two executives, Lutz Klingmann and Larry O’Connor, with extensive experience either building a mine from scratch or re-starting a mine and dealing with the regulatory process.”
About Blue Moon Zinc Corp.
Blue Moon Zinc Corp., a mineral exploration company, is focused on developing its advanced-stage, wholly owned Blue Moon zinc project in central California. The 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} owned Blue Moon polymetallic deposit has a Mineral Resource estimate of 3.7 million tons with a grade of 8.3{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} zinc equivalence including approximately 377 million pounds of zinc in the Indicated category and 4.1 million tons with a grade of 7.8{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} zinc equivalence including approximately 395 million pounds of zinc in the Inferred category with significant credits of copper, silver and gold. The resource is open at depth and along strike and historical metallurgical testing indicates excellent recovery and a clean zinc concentrate. A NI 43-101 report detailing the resource and summarizing metallurgical recoveries will be available on the company’s website and on SEDAR. The company plans to advance the Blue Moon project through to feasibility and permitting.
For more information about the company, visit www.BlueMoonMining.com.
About NetworkNewsWire
NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
For more information please visit https://www.NetworkNewsWire.com
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Forward-Looking Statements
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company’s SEC filings. These risks and uncertainties could cause the company’s actual results to differ materially from those indicated in the forward-looking statements.
NNW Contact:
NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Email Contact
INTEMA Announces Offering of Units to Existing Shareholders
Momentum Public Relations
Press Release: October 3, 2017
MONTREAL, QUEBEC–(Marketwired – Oct. 3, 2017) – Intema Solutions Inc. (“Intema” or the “Corporation”) (TSX VENTURE:ITM) announces its intention to raise a minimum of $500,000 and a maximum of $1,000,000 by way of a non-brokered private placement (the “Offering”) of a minimum of 14,285,714 and a maximum of 28,571,428 units of the Corporation, each (a “Unit”) consisting of one common share (a “Share”) and one Share purchase warrant (a “Warrant”), at a price of $0.035 per Unit. Each Warrant will entitle the holder to purchase one Share at a price of $0.05 per Share for 12 months.
The Corporation intends to make the Offering in accordance with Regulation 45-513 Respecting Prospectus Exemption for distribution to existing security holders and various corresponding blanket orders and rules of other Canadian jurisdictions that have adopted the same or a similar exemption from prospectus requirement (the “Existing Security Holder Exemption”). The Corporation may, at its discretion, also accept subscriptions pursuant to other prospectus exemptions available under applicable law.
Subject to certain limitations discussed below, the Offering is open to all existing shareholders of the Corporation. Existing shareholders interested in participating in the Offering should contact the Corporation using the contact information set out below no later than October 20, 2017 so that subscription materials can be provided for completion and returned to the Corporation no later than October 24, 2017. The Corporation may close the Offering in several tranches during the course of the Offering, the first of which it intends to close no later than October 27, 2017.
Regardless of the amount raised under the Offering, the Corporation will use the proceeds for purposes of working capital and to maintain and preserve its existing operations, activities and assets.
The Shares and Warrants issued under the Offering will be subject to a hold period expiring four months and one day from the date of distribution of the Units.
The Corporation has set October 2, 2017 as the record date (the “Record Date”) for the purpose of determining existing shareholders entitled to purchase Units pursuant to the Existing Security Holder Exemption. Subscribers purchasing Units under the Existing Security Holder Exemption will need to represent in writing that they meet certain requirements of the Existing Security Holder Exemption, including that they were a shareholder of the Corporation as of the Record Date and still are a shareholder of the Corporation.
The aggregate acquisition cost to a subscriber under the Existing Security Holder Exemption cannot exceed $15,000, unless that subscriber has obtained advice regarding the suitability of the investment and, if the subscriber is resident in a jurisdiction of Canada, such advice is obtained from a person that is registered as an investment dealer in the subscriber’s jurisdiction.
The Offering is being allocated to subscribers on a “first come, first served” basis whereby the subscribers who are first to submit a completed subscription agreement and pay the corresponding subscription price will be accepted until the Offering is fully subscribed.
The Offering is subject to the approval of the TSX Venture Exchange.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined on policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
About INTEMA SOLUTIONS Inc.
Intema’s mission is to integrate technologies to marketing. The company develops technologies for marketing and services related to predictive marketing, relationship marketing and database marketing. Since its inception, INTEMA has dedicated its efforts to deliver key solutions to the marketing industry. Amongst its clients are companies of all sizes in North America. For more information, please visit our website at www.intema.com
Forward-Looking Statements and Disclaimer
Certain statements in this press release may be forward-looking. Such statements include those with respect to Company’s ability to raise funds under the Offering and the use of the proceeds raised thereunder. Although the Company believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurances that its expectations will be achieved. Such assumptions, which may prove incorrect, include the following: (i) Intema will be successful in its efforts to pursue the activities referred to in this news release, (ii) Intema will be successful in its efforts to identify and secure subscribers under the Offering, (iii) the subscribers under the Offering will complete the subscriptions they have agreed to make under their subscription agreements, and (iv) Intema’s management will not identify and pursue other business objectives using the proceeds of the Offering. Factors that could cause actual results to differ materially from expectations include (i) the inability or unwillingness of the subscribers under the Offering to fulfill their contractual obligations, in whole or in part, (ii) the Company’s failure to make effective use of the proceeds of the Offering, (iii) the Company’s inability to obtain the necessary regulatory approvals for the Offering, (iv) an increase in the Company’s operating costs above what is necessary to sustain its operations, (v) labour disputes or the materialization of similar risks, (vii) a deterioration in capital market conditions that prevents the Company from raising the funds it requires on a timely basis and (vi) generally, the Company’s inability to develop and implement a successful business plan for any reason. A description of other risks affecting Intema’s business and activities appears in its annual management’s discussion and analysis, which is available on SEDAR at www.sedar.com. No assurance can be given that any events anticipated by the forward-looking information in this press release will transpire or occur, or if any of them do so, what benefits that Intema will derive therefrom. In particular, no assurance can be given as to the future financial performance of Intema. Intema disclaims any intention or obligation to update or revise any forward-looking statements in order to account for any new information or any other event, except as required under applicable law. The reader is warned against undue reliance on these forward-looking statements.
INTEMA
Roger Plourde
+1-514-861-1881
rplourde@intema.com
- Published in Intema Solutions, News Home, Technology
AtmanCo Completes the Acquisition of VuduMobile and Signed a Letter of Intent to Acquire Appwapp
Momentum Public Relations
Press Release: October 3, 2017
MONTREAL, QUEBEC–(Marketwired – Oct. 3, 2017) – AtmanCo Inc. (“AtmanCo” or the “Company”) (TSX VENTURE:ATW) is pleased to announce the completion of its previously-announced acquisition of VuduMobile for a total purchase price of $600,000, including $250,000 paid cash immediately, $288,560 through the immediate issuance of 1 697 411 common shares at a price of $0.17, $11,440 as a debt assumed and $50,000 as a balance of sale payable in two equal payments of $25,000 in six and twelve months from closing. The balance of sale will be adjusted by an amount equal to the surplus or deficit of a working capital ratio of 1.20x as well as for uncollected accounts receivable 120 days after closing. For more information on the acquisition of VuduMobile, please see the Company’s press release dated August 16, 2017.
Acquisition of Appwapp
The Company also announced the signature of a letter of intent for the acquisition of all the outstanding shares of Services Appwapp Inc. (“Appwapp”) for a total purchase price of $300,000, including $150,000 paid cash at closing, $125,000 through the issuance of common shares at closing at a price equal to the last weekly average closing price and $25,000 as a balance of sale payable in two equal payments of $12,500 in six and twelve months from closing. The balance of sale will be adjusted by an amount equal to any deficit to a working capital ratio of 1.20x as well as for uncollected accounts receivable 120 days after closing.
Appwapp offers web and mobile development services to a diversified corporate customer base including VuduMobile, a company newly acquired by 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 16, 2017. No commission is payable and no change of control will result.
Additional information regarding the Company is 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.
Forward-Looking Statements Disclaimer
Certain statements in this press release may be forward-looking. Such statements include those with respect to the closing of the acquisition of Appwapp, the closing date thereof, the potential effect of that acquisition on the Company, the Company’s ability to raise funds and the use of the proceeds raised thereunder. Although the Company believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurances that its expectations will be achieved. Such assumptions, which may prove incorrect, include the following: (i) All of the conditions for the transaction will be met. In particular, AtmanCo will complete a satisfactory due diligence on Appwapp’s operations, finances, legal condition, etc., (ii) AtmanCo and Appwapp’s shareholders will successfully negotiate and enter into a purchase agreement and other documents relating to the transaction, (iii) AtmanCo will successfully obtain the necessary regulatory approvals for the acquisition of Appwapp on commercially-acceptable terms, (iv) the acquisition of Appwapp will allow AtmanCo to achieve the anticipated synergies, in particular with respect to Appwapp’s clientele, products and geographic markets, (v) AtmanCo will be successful in its efforts to identify and secure investors for its financing and (vi) AtmanCo’s management will not identify and pursue other business objectives using the proceeds of the financing. Factors that could cause actual results to differ materially from expectations include (i) the discovery in the course of the due diligence of negative factors with respect to Appwapp that would prevent AtmanCo from proceeding with the acquisition, (ii) the failure of the negotiations between the parties with respect to the final documentation, (iii) the Company’s inability to achieve the anticipated synergies for any reason, including the refusal of Appwapp’s clients to refuse to acquire AtmanCo’s services or technical issues that prevent the integration of AtmanCo’s systems with those of Appwapp, (iv) the Company’s inability to secure investors for its financing, (v) the Company’s inability to make effective use of the funds raised for its financing, (vi) the Company’s inability to obtain the necessary regulatory approvals for the acquisition or its financing, (vii) labour disputes or the materialization of similar risks, (viii) a deterioration in capital market conditions that prevents the Company from raising the funds it requires on a timely basis and (ix) generally, the Company’s inability to develop and implement a successful business plan for any reason.
A description of other risks affecting AtmanCo’s business and activities appears under the heading “Risks Factors and Uncertainty” on pages 9 and 10 of AtmanCo’s 2016 annual management’s discussion and analysis, which is available on SEDAR at www.sedar.com. No assurance can be given that any events anticipated by the forward-looking information in this press release will transpire or occur, or if any of them do so, what benefits that AtmanCo will derive therefrom. In particular, no assurance can be given as to the future financial performance of AtmanCo. AtmanCo disclaims any intention or obligation to update or revise any forward-looking statements in order to account for any new information or any other event, except as required under applicable law. The reader is warned against undue reliance on these forward-looking statements.
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
www.atmanco.com
Simon Bedard, CA, CPA, CFA, MBA
CFO
514.935.5959 ext. 304
sbedard@atmanco.com
- Published in Atmanco, News Home, Technology
Blue Moon Announces Updated Mineral Resource Estimate
Momentum Public Relations
Press Release: October 3, 2017
VANCOUVER, Oct. 3, 2017 /CNW/ – Blue Moon Zinc Corp. (TSXV: MOON; US OTC: BMOOF) (the “Company“) is pleased to announce a Mineral Resource update for its 100 owned Blue Moon zinc deposit. The deposit now comprises 3.7 million tons in the Indicated Mineral Resource category grading 8.3zinc equivalent (“ZnEq”) and 4.1 million tons of Inferred Mineral Resources grading 7.8 ZnEq, both at a 4.0 ZnEq cut-off grade.
Patrick McGrath, Chief Executive Officer, stated, “The updated Mineral Resource contains an estimated 377 million pounds of zinc in the Indicated Mineral Resource category and a further 395 million pounds of zinc in the Inferred Mineral Resource category, both at a conservative 4.0 ZnEq cut-off grade. The Mineral Resource update coupled with prior metallurgical testing by Lakefield Research in 1998 (now SGS) which indicated excellent recovery and a clean concentrate, gives us confidence to proceed with the Preliminary Economic Assessment of the Blue Moon deposit.”
There is a high likelihood the deposit continues at depth as the mineralized zones are near vertical and the deepest holes in the resource end in mineralization. Several historical exploration holes drilled below the resource intersected significant zinc grades. Blue sky potential also exists along strike to find another “Blue Moon” style deposit as polymetallic massive sulphide deposits are often found in pods or clusters. Induced polarization (“IP”) and soil anomalies along strike indicate there’s a high probability further polymetallic deposits exist within the Company’s mineral rights. The Company expects to commence a drilling program in 2018.
Updated Blue Moon Indicated Mineral Resources:
Cutoff |
Tons > |
Grade > Cutoff |
Contained Metal (Millions) |
|||||||||
ZnEq |
Cutoff |
Zn |
Cu |
Ag |
Au |
Pb |
ZnEq |
lbs |
lbs |
lbs |
Ozs |
ozs |
|
(tons) |
|
oz/t |
oz/t |
02 |
|
Zn |
Cu |
Pb |
Ag |
Au |
|
1 |
6,210,000 |
3.60 |
0.40 |
0.88 |
0.02 |
0.17 |
5.88 |
447 |
50 |
21 |
5.5 |
0.1 |
2 |
5,220,000 |
4.12 |
0.46 |
1.01 |
0.03 |
0.19 |
6.72 |
430 |
48 |
19 |
5.3 |
0.1 |
3 |
4,220,000 |
4.73 |
0.53 |
1.16 |
0.03 |
0.22 |
7.74 |
399 |
45 |
18 |
4.9 |
0.1 |
4 |
3,700,000 |
5.09 |
0.57 |
1.25 |
0.03 |
0.23 |
8.33 |
377 |
42 |
17 |
4.6 |
0.1 |
5 |
3,160,000 |
5.50 |
0.62 |
1.35 |
0.04 |
0.25 |
8.99 |
348 |
39 |
16 |
4.3 |
0.1 |
6 |
2,620,000 |
6.00 |
0.66 |
1.43 |
0.04 |
0.27 |
9.71 |
314 |
35 |
14 |
3.8 |
0.1 |
7 |
2,130,000 |
6.53 |
0.71 |
1.46 |
0.04 |
0.29 |
10.45 |
278 |
30 |
12 |
3.1 |
0.1 |
8 |
1,660,000 |
7.11 |
0.77 |
1.49 |
0.04 |
0.29 |
11.28 |
236 |
25 |
10 |
2.5 |
0.1 |
Updated Blue Moon Inferred Mineral Resources:
Cutoff |
Tons > |
Grade > Cutoff |
Contained Metal (Millions) |
|||||||||
ZnEq |
Cutoff |
Zn |
Cu |
Ag |
Au |
Pb |
ZnEq |
lbs |
lbs |
lbs |
ozs |
ozs |
|
(tons) |
|
oz/t |
oz/t |
|
|
Zn |
Cu |
Pb |
Ag |
Au |
|
1 |
12,140,000 |
2.40 |
0.23 |
0.67 |
0.02 |
0.17 |
4.00 |
582 |
56 |
41 |
8.1 |
0.2 |
2 |
7,840,000 |
3.25 |
0.27 |
0.95 |
0.03 |
0.24 |
5.40 |
509 |
42 |
37 |
7.5 |
0.2 |
3 |
5,160,000 |
4.20 |
0.32 |
1.25 |
0.03 |
0.32 |
6.93 |
434 |
33 |
32 |
6.4 |
0.2 |
4 |
4,090,000 |
4.82 |
0.35 |
1.41 |
0.04 |
0.35 |
7.84 |
395 |
28 |
29 |
5.8 |
0.2 |
5 |
3,330,000 |
5.39 |
0.38 |
1.53 |
0.04 |
0.38 |
8.61 |
359 |
25 |
25 |
5.1 |
0.1 |
6 |
2,710,000 |
5.91 |
0.40 |
1.64 |
0.04 |
0.41 |
9.32 |
320 |
22 |
22 |
4.4 |
0.1 |
7 |
2,060,000 |
6.55 |
0.43 |
1.80 |
0.04 |
0.44 |
10.21 |
270 |
18 |
18 |
3.7 |
0.1 |
8 |
1,430,000 |
7.32 |
0.46 |
2.12 |
0.05 |
0.49 |
11.41 |
209 |
13 |
14 |
3.0 |
0.1 |
The Mineral Resource is based on 1,540 assay results from 82 diamond drill holes, totaling 111,250 feet (33,900 meters) of drilling.
Zinc Equivalents (ZnEq)
The Mineral Resource has been stated in terms of ZnEq. The ZnEq formula and the underlying parameters used in its formulation are set out below.
Metal |
Price (US$) |
Recovery () |
Factor |
Zinc |
1.30/lb |
95 |
24.70 |
Silver |
17.00/oz |
65 |
11.05 |
Copper |
3.00/lb |
93 |
55.80 |
Gold |
1,250.00/oz |
70 |
875.00 |
Lead |
1.00/lb |
95 |
19.00 |
The metal prices and the recoveries selected represent reasonable estimates of long term metal prices and potential recoveries of metal in concentrate. The Mineral Resource estimate is summarized above at a range of ZnEq cut-off grades. The equation to calculate ZnEq is as follows:
ZnEq = (Zn*24.70 + Cu * 55.80 + Pb * 19.00 + Ag(oz/t) * 11.05 + Au(oz/t) * 875.00) / 24.70
Qualified Persons
The Qualified Person (“QP”) for the Mineral Resource estimate is Gary Giroux, P.Eng., who is independent to the Company. The Mineral Resource estimate has been prepared under the guidelines of National Instrument 43-101 (“NI 43-101”) for reporting of Mineral Resources. A technical report on the new resource estimate will be filed on SEDAR at www.sedar.com and on the Company’s website at www.bluemoonmining.com within 45 days of the issuance of this press release. The co-author of the NI 43-101 is Lawrence O’Connor, a QP. Mr. Lawrence is a technical advisor to the Company and is not considered independent. Mr. Giroux and Mr. O’Connor have reviewed the scientific and technical information that forms the basis for this press release.
About Blue Moon
The 100 owned Blue Moon polymetallic deposit has a Mineral Resource estimate of 3.7 million tons with a grade of 8.3 zinc equivalence including approximately 377 million pounds of zinc in the Indicated category and 4.1 million tons with a grade of 7.8 zinc equivalence including approximately 395 million pounds of zinc in the Inferred category with significant credits of copper, silver and gold. The resource is open at depth and along strike and historical metallurgical testing indicates excellent recovery and a clean zinc concentrate. A NI 43-101 report detailing the resource and summarizing metallurgical recoveries will be available on the company’s website (www.bluemoonmining.com) and on SEDAR. The Company plans to advance the Blue Moon project through to feasibility and permitting.
Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. There is no certainty that all or any part of mineral resources will be converted to mineral reserves. Inferred Mineral Resources are based on limited drilling which suggests the greatest uncertainty for a resource estimate and that geological continuity is only implied. Additional drilling will be required to verify geological and mineralization continuity and there is no certainty that all of the inferred resources will be converted to measured and indicated resources. Quantity and grades are estimates and are rounded to reflect the fact that the resource estimate is an approximation.
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. This release includes certain statements that may be deemed to be forward-looking statements. All statements in this release, other than statements of historical facts that address the Company’s intention with the Blue Moon project, access to capital, regulatory approvals, exploration and development drilling, exploitation and development activities and events or developments that the Company expects are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continuity of mineralization, uncertainties related to the ability to obtain necessary permits, licenses and title and delays due to third party opposition, changes in government policies regarding mining and natural resource exploration and exploitation, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date it is expressed in this press release, and the Company undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. For more information on the Company, investors should review the Company’s continuous disclosure filings that are available at www.sedar.com.
SOURCE Blue Moon Zinc Corp.
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Patrick McGrath, CEO, 1-832-499-6009, pmcgrath@bluemoonmining.com; For additional information related to communications, media relations and investor relations please contact: Terry Bramhall, 1-604-833-6999, tbramhall@bluemoonmining.com Copyright CNW Group 2017