Hillcrest Provides Shareholder Update
Momentum Public Relations
Press Release: November 16, 2017
Hillcrest Petroleum Ltd. (the ” Company ” or ” Hillcrest “) is pleased to provide the following Company update to our shareholders.
As previously announced on May 10, 2017, Hillcrest signed a binding Joint Venture Agreement (the “JV Agreement”) with a Canadian oil and gas company (“Juniorco”) whereby the Company, via a wholly owned subsidiary, will earn up to a 75{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Working Interest and operate two petroleum assets located in Western Canada (the “Fields”). The Company expects to restore combined production from the Fields to approximately 400 barrels of oil per day (“bopd”) by providing capital funding and technical expertise.
Over the past few months, Hillcrest has been working with a Calgary based engineering firm to develop plans to optimise production and reliability for both the Alberta and Saskatchewan field reactivations.
Hillcrest has been approved as operator in Alberta and anticipates Saskatchewan approval by the end of the month. Upon approval by the Saskatchewan regulator, the Company intends to immediately commence activity to restore production in the West Hazel Field. West Hazel has 4 producing oil wells and one salt water disposal well and represents approximately 75{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the previous combined production of both fields. In addition, 10 well recompletions, 3 additional well reactivations and 3 identified drilling locations have been identified as further upside to increase production as soon as the field is restored to steady state production.
Aside from the field reactivations above, Hillcrest has been actively pursuing multiple acquisition opportunities and Joint Venture partnerships in coordination with our Merchant Banker, WC Capital Inc., under previously announced arrangements.
The Company is targeting a number of short term production opportunities similar in scope to the field reactivations and a number of larger acquisition opportunities where substantial value can be delivered by applying technical and commercial expertise in assets with dominant operating positions in their respective areas.
If successful, these larger, transformational, opportunities would provide significant cash flow immediately upon acquisition and value multiples of the acquisition price within 2 to 4 years through further field development. Non-binding Letters of Intent (“LOIs”) have been submitted for two of these larger opportunities.
Additional information will be provided should the LOIs progress to a binding stage and as arrangements are firmed up for the other production opportunities.
Hillcrest will continue to update the shareholders as development occur.
To stay informed about Hillcrest:
Please join our Investor Group on 8020 Connect https://www.8020connect.com/groups/hillcrest-petroleum-ltd for all upcoming news releases, articles, comments and questions.
Additional information can also be obtained by contacting Don Currie toll free at 1-855-609-0006 or visiting the Company’s website at www.hillcrestpetroleum.com
ON BEHALF OF THE BOARD
Donald Currie
Chief Executive Officer and Director
- Published in Hillcrest Petroleum, News Home
Anfield Resources Engages BRS Engineering to Complete a Uranium Resource Report
Momentum Public Relations
Press Release: November 15, 2017
VANCOUVER, BC–(Marketwired – November 15, 2017) – Anfield Resources Inc. (TSX VENTURE: ARY)(OTCQB: ANLDF)(FRANKFURT: 0AD)(“Anfield” or “the Company”) is pleased to announce that is has engaged BRS Engineering to complete a mineral resource report for the Nine Mile uranium project in Wyoming. The Nine Mile project was purchased from Uranium One Americas Inc. (“Uranium One”) in September 2016 and is one of the 24 uranium mining properties acquired in the Black Hills, Powder River Basin, Great Divide Basin, Laramie Basin, Shirley Basin and Wind River Basin areas of Wyoming. As a key part of this 2016 transaction, Anfield also signed a Resin Processing Agreement with Uranium One whereby Anfield would process up to 500,000 pounds per annum of its mined material at Uranium One’s Irigaray processing plant in Wyoming.
Anfield has previously released two NI 43-101 compliant mineral resource technical reports for properties acquired from Uranium One in the 2016 transaction: 1) the Clarkson Hill uranium project, entitled “Clarkson Hill Uranium Project, Mineral Resource NI 43-101 Technical Report, Natrona County, Wyoming, USA” with an effective date of July 27, 2017 (the “Clarkson Hill Report”); and 2) the Red Rim uranium project, entitled “Red Rim Uranium Project, Mineral Resource Technical Report, National Instrument 43-101, Carbon County, Wyoming, USA” and dated March 31, 2017 (the “Red Rim Report”). These reports are filed on SEDAR and state the following estimated mineral resources:
- Clarkson Hill:
- Inferred Mineral Resource of 957,000 tons with an average grade of 0.058 {92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} eU3O8, estimated to contain 1,113,000 pounds of eU3O8.
- Red Rim:
- an Indicated Resource of 336,655 tons of mineralized material with an average grade of 0.170{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} eU3O8 (equivalent to an Indicated Resource of 1,142,449 pounds of eU3O8); and
- an Inferred Resource of 472,988 tons of mineralized material with an average grade of 0.163{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} eU3O8 (equivalent to an Inferred Resource of 1,539,447 pounds of eU3O8).
Corey Dias, Anfield CEO, states, “We are pleased to update and further delineate another uranium resource from amongst the 24 Wyoming uranium projects acquired from Uranium One in 2016. Importantly, this is only the third Wyoming project for which we are commissioning a resource report and, given that the Company acquired 24 Wyoming projects form Uranium One, we believe a significant pipeline remains.
Given the recent Cameco news, we also feel it is an important time to solidify our resource base and determine which of our uranium projects are the most viable. Near-term supply disruptions may continue as the spot price remains below the cost of production of many companies, and long-term utility contracts come to an end. We believe that the current uranium price is unsustainable at such low levels, and Anfield is committed to positioning itself as a future uranium producer to coincide with the expected rebound in the uranium price. Ultimately, Anfield aims to pair a future viable uranium resource with the Resin Processing Agreement it has in place with Uranium One in Wyoming whereby it can process up to 500,000 pounds of uranium per year at Uranium One’s Irigaray Central Processing Plant.”
About the Nine Mile Project
The Nine Mile Project is located in Natrona County Wyoming approximately nine miles north of Casper and both east and west of US Interstate 25. Roll-front type uranium mineralization occurs in the Teapot Sandstone within the Mesaverde Formation. Between November 1976 and November 1980 a test In Situ Leach (“ISL”) plant was operated on the Nine Mile Project by Rocky Mountain Energy Company (RME), with mixed results. A total of four wellfield patterns underwent testing and development, 3 patterns were completed using sulfuric acid and one using a carbonate leach. Acid was chosen after preliminary core tests suggested a 90{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} recovery versus 80{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} with carbonate leaches. The first test pattern using sulfuric acid created a gypsum build-up, limiting acid contact with the uranium resulting in poor recovery. The second wellfield pattern, also using sulfuric acid, utilized a water jet perforation method developed with the U.S. Bureau of Mines. This test was successful with solution concentrations ranging from 70 to 300 ppm U3O8, averaging a little over 100 ppm. Results for the last two wellfield trials are not available. In addition, in 1977 the US Bureau of Mines, in cooperation with RME, commissioned a field demonstration of hydraulic mining of uranium sands in the same general area of the ISL testing.
In 1981, RME issued an internal report titled “Nine Mile Lake Geological Evaluation” by B. Atherley, C. Heidenreich, and J. Moran, dated April 22, 1981, which summarizes “Uranium Reserves” for mineralized areas east of I25 and “Uranium Resources” west of I25. Both estimates were completed using a standard polygonal method. Both estimates applied a minimum uranium grade cutoff of 0.02 eU3O8. The “Uranium Reserves” east of I25 applied a minimum GT cutoff that varied by depth from 0.13 at 100 feet to 0.30 at 600 feet. The “Uranium Resources” west of I25 applied a minimum GT cutoff of 0.04. The report states “Mineral Reserves” of 3.9 million pounds of uranium (no average grade stated) and “Mineral Resources” of 1.1 million pounds at an average grade of 0.054{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} eU3O8. Anfield considers these estimates to be historical and cautions that a qualified person has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves and the Anfield is not treating the historical estimate as current mineral resource or mineral reserves.
About BRS
BRS, Inc. is an engineering and geology consulting corporation with expertise in mining and mineral exploration. Of particular note, it specializes in uranium exploration, mineral resource evaluation, mine design, feasibility, mine operations, and reclamation. It has completed numerous uranium projects including technical reports and feasibility studies for underground, open pit, ISR, and conventional uranium mills. Representative projects include technical reports and due diligence for project financing for conventional uranium projects including the Sheep Mountain and the JAB-RD open pit in Wyoming, the Cibola Project in New Mexico, the Coles Hill, Virginia open pit and underground mine, and numerous ISR uranium projects in Wyoming and Paraguay.
Douglas L. Beahm, P.E., P.G., the principal engineer at BRS, is a Qualified Person as defined in NI 43-101 with 40 years of professional and managerial experience. Mr. Beahm has a proven track record in a variety of mining and mine reclamation projects including surface and underground mining, heap leach recovery, ISR, and uranium mill tailings projects. Mr. Beahm’s experience includes coal, precious metals, and industrial minerals, but his emphasis throughout his career has been on uranium.
About Anfield
Anfield is an energy metals exploration, development and near-term production company that is committed to becoming a top-tier energy-related fuels supplier by creating value through sustainable, efficient growth in its energy metals assets. Anfield is a publicly-traded corporation listed on the TSX-Venture Exchange (ARY-V), the OTCQB Marketplace (ANLDF) and the Frankfurt Stock Exchange (0AD). Anfield is focused on two production centres, as summarized below:
Arizona/Utah – Shootaring Canyon Mill
A key asset in Anfield’s existing portfolio is the Shootaring Canyon Mill in Garfield County, Utah. The Shootaring Canyon Mill is strategically located within one of the historically most prolific uranium production areas in the United States, and is one of only three licensed uranium mills in the United States.
Anfield’s conventional uranium assets consist of mining claims and state leases in southeastern Utah and Arizona, targeting areas where past uranium mining or prospecting occurred. Anfield’s conventional uranium assets include the Velvet-Wood Project, the Frank M Uranium Project, as well as the Findlay Tank breccia pipe. All conventional uranium assets are situated within a 125-mile radius of the Shootaring Mill.
Wyoming – Irigaray ISR Processing Plant (Resin Processing Agreement)
Anfield has also signed a Resin Processing Agreement with Uranium One wherein Anfield would process up to 500,000 pounds per annum of its mined material at Uranium One’s Irigaray processing plant in Wyoming. In addition, should Anfield sign uranium sales contracts, the Company can both buy and borrow uranium from Uranium One in order to fulfill some or all of its contracts.
Anfield’s 24 ISR mining projects are located in the Black Hills, Powder River Basin, Great Divide Basin, Laramie Basin, Shirley Basin and Wind River Basin areas in Wyoming.
On behalf of the Board of Directors
ANFIELD RESOURCES INC.
Corey Dias, Chief Executive Officer
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.
- Published in Anfield Resources
MOBI724 Global Solutions Inc. Announces Successful Processing of Card-Linked Transactions Through Visa Offers Platform
Momentum Public Relations
Press Release: November 14, 2017
MONTREAL, Nov. 14, 2017 (GLOBE NEWSWIRE) — MOBI724 Global Solutions Inc. (MOBI724) (CSE:MOS)(OTCQB:MOBIF), a Fintech leader offering an all in one fully integrated EMV payment, Card-Linked Offers, Digital Marketing and Business Intelligence Solutions announces it has completed the integration of its Solutions with the Visa Offers Platform (“VOP”) and has successfully processed Card-Linked transactions through VOP in Canada, the USA and Latin America.
Marcel Vienneau, CEO of MOBI724 Global Solutions Inc. stated: “We are extremely happy to begin processing Visa Card-Linked Offers and Rewards by capturing the transactions in several of our key markets following the completion of the comprehensive integration and testing process with the Visa Offers Platform announced earlier this year. This achievement marks the initiation of our commercial rollout of the Card-Linked Offers Solution via the Visa Offers Platform in several important regions. We are very excited to extend this solution to our customers and we are confident this will secure further market growth for MOBI724 in those regions.”
About MOBI724 Global Solutions
MOBI724, a leader in the Fintech industry based in Montreal (Canada), offers a unique and fully integrated suite of payment & digital marketing solutions with a combined EMV Payment, Card Linked Offers, and Digital Marketing platform that works on any card and any mobile device. MOBI724’s solutions add value to all types of transactions benefiting banks, retailers and cardholders by leveraging available user and purchasing data to increase transaction volumes and spend. MOBI724 provides a turnkey solution to its clients to capture card transactions on any mobile device, at any point of sale or from any payment card. MOBI724 provides its customers with full and comprehensive traceability and enriched consumer data through its offering. Its solutions enable card associations, retailers, manufacturers, offer providers, mobile operators and card issuers to create, manage, deliver and “track and measure” incentive campaigns worldwide to any mobile device and allow redemption at any point of sale.
Forward Looking Statements
Certain statements in this document, including those which express management’s expectations or estimations with regard to the Company’s future performance, constitute “forward-looking statements” as understood by applicable securities laws. Forward-looking statements are, of necessity, based on a certain number of estimates and hypotheses; while management considers these to be accurate at the time they are expressed, they are inherently subject to significant uncertainties and risks on the commercial, economic and competitive levels. We advise readers that these forward-looking statements are subject to risks, uncertainties, and other known and unknown factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied in these forward-looking statements. Investors are advised to not rely unduly on the forward-looking statements. This advisory applies to all forward-looking statements, whether expressed orally or in writing, attributed to the Company or to any individual expressing them in the name of the Company. Unless required by law, the Company is under no obligation to publicly update these forward-looking statements, whether to reflect new information, future events, or other circumstances.
The Canadian Securities Exchange (CSE) has not reviewed this news release and does not accept responsibility for its adequacy or accuracy. This news release does not constitute a solicitation to buy or sell any securities in the United States.
For further information
MOBI724 Global Solutions Inc.
Marcel Vienneau 1-514-394-5200 x 413
www.MOBI724globalsolutions.com
- Published in Financial Technology, Mobi724 Global Solutions, News Home, Technology
AtmanCo has Signed a Partnership Agreement with Group V Media for the Voting Platform
Momentum Public Relations
Press Release: November 13, 2017
MONTREAL, QUEBEC–(Marketwired – Nov. 13, 2017) -AtmanCo Inc. (“AtmanCo” or the “Company”) (TSX VENTURE:ATW) following its success as a voting and phone billing supplier in the industry of television (Taxi Payant, La Voix, La Voix Junior), Voxtel is announcing today the signing of an agreement with Group V Media owner of V, MusiquePlus and Max to provide voting services for its new forefront TV shows “Occupation Double” et “Danser Pour Gagner”, and create a greater interactivity with audiences.
Groupe V Media also owns digital properties, most notably the content platform noovo.ca, the online boutique BoutiqueNoovo.ca and the 25Stanley.com sports blog.
We are pleased to be offering Groupe V Media audiences a reliable and easy to use voting platform and multiple channels that can support the high volume during peak voting periods of the popular episodes of “Occupation Double” and during live shows of “Danser pour Gagner”. “We have a very unique expertise in Quebec and Canada and we are called more and more to play an active role in the strategic planning of the voting and interactive marketing tools used in television in order to engage audiences and to place viewers at the core of the entertainment experience” » says Ms. Catherine Dumas, Senior Manager, Business Development – Consumer market at AtmanCo.
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, owner of several web platforms including VoxTel, Québec Rencontres, VuduMobile, Atman and Bloomed. VoxTel offers various interactive landline and mobile carrier billing phone solutions. Quebec Rencontres is a web and mobile social network application catered to building serious and sustainable relationships. VuduMobile is specialized the text messaging business for enterprises through its unique, user-friendly and bilingual text messaging application and turnkey solution allowing management of text message management programs in all kind of businesses. 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
Tel.: 514.935.5959 ext. 301
mguay@atmanco.com
Simon Bedard, CA, CPA, CFA, MBA
CFO
Tel.: 514.935.5959 ext. 304
sbedard@atmanco.com
www.atmanco.com
- Published in Atmanco, Mobile Technology, News Home, Technology
Puma Extends the Murray Brook Deposit Southwest With a New Drill Intercept
Momentum Public Relations
Press Release: November 9, 2017
RIMOUSKI, QUEBEC–(Marketwired – Nov. 9, 2017) – Puma Exploration inc. (the “Company” or “Puma”) (TSX VENTURE:PUM)(SSE:PUMA) is pleased to announce the results of drillholes MB17-02 and MB17-03 from the 2017 drilling program at its Murray Brook Deposit in New Brunswick. Hole MB17-03 intersected the surface rich zinc and copper zone grading 6.60 Zn, 1.70 Pb, 0.53 g/t Au, 71 g/t Ag, 1.15 Cu over 10 meters and a new copper stringers zone grading 1.02 Cu over 26 meters.
The 2017 preliminary drilling program consisted of three (3) holes (774m), including one deep hole and two shallow, the first was designed to verify the extensions, at depth, of the Murray Brook Deposit. As released, Hole MB17-01 successfully intersected impressive massive sulphide mineralization over 405 meters grading 3.3 Zn, 1.1 Pb, 0.95g/t Au, 42g/t Ag, and 0.30 Cu (see press release of October 31st, 2017). The two shallow holes followed to confirm the continuity of the fertile Caribou Horizon near the known deposit.
Hole MB17-03 intersected a new zone of copper stringers near surface grading 1.02 Cu over 26 meters including a higher zone with 1.47 Cu over 13 meters. This new zone opens the western side of the Murray Brook Deposit along the favorable and fertile Caribou Horizon which shows over a length of one kilometer high priority targets (refer to Figure 1). Results from hole MB17-02 allowed to outline structural constraints and to orient future exploration work.
These priority targets are indicated by major gravity, chargeability and Megatem (EM) anomalies. In light of the results from these holes, Puma has started an important exploration program in the vicinity of the newly expanded southwest section of the Deposit which will include trenching and drilling operations.
Hole MB17-02
Hole MB17-02 was collared in the south part of the West Zone (Zinc) and drilled at a -45° declination for a total depth of 72 meters. A major fault with a width of 8 meters was intercepted and consisted mainly of quartz veins. The sediments in this hole were less altered with a few intervals of felsic volcanic interbedded. The best intersection was 0.42 g/t Au, 0.96 Pb+Zn over 2.7 meters located in the altered footwall sediments. However, hole MB17-02 does confirm previous exploration results and directs the upcoming exploration program to the more favourable Caribou Horizon located directly west of the hole.
Hole MB17-03
Hole MB17-03, drilled at a -50 declination to a total depth of 153 meters, is located at the western boundary of the West Zone (Zinc) of the Murray Brook Deposit (refer to figure 2). The hole encountered three (3) separate significant zones:
- a Gossan zone, 6 meters wide grading 0.96 g/t Au, 255 g/t Ag, 5.95 Pb;
- a massive sulphide zone of 10 meters width, having grades of 6.60 Zn, 1.70 Pb, 0.53 g/t Au, 71 g/t Ag, 1.15 Cu and;
- a stringer zone, 13 meters in width grading 1.47 Cu, 0.62 Zn.
The entire hole is located mainly inside the footwall alteration sediments of the Deposit and opens the mineralized zone westward at depth along the fertile Caribou Horizon. Please refer to Table 1 for highlights of the results.
Table 1. Significant Intercepts in Holes MB17-02 and MB17-03*
Drill Hole | From | To | Length | Au | Ag | Cu | Pb | Zn | Zone |
(m) | (m) | (m) | g/t | g/t | |||||
MB17-02 | 23.3 | 26.0 | 2.70 | 0.42 | 8 | 0.16 | 0.28 | 0.68 | Disseminated |
MB17-03 | 21.0 | 27 | 6.0 | 0.96 | 255 | – | 5.95 | – | Gossan |
27.0 | 37 | 10.0 | 0.53 | 71 | 1.15 | 1.70 | 6.60 | MS | |
56.0 | 82.0 | 26.0 | – | – | 1.02 | – | – | Stockwork | |
incl. | 56.0 | 69.0 | 13.0 | – | – | 1.47 | – | 0.62 | Stockwork |
* | True thickness is estimated to be approximately 70-90 of the reported intervals. |
As commented by Marcel Robillard, President of Puma: “The hole MB17-03 has significantly expanded and opened the discovery area of the Murray Brook Deposit toward west along the fertile Caribou Horizon. It allows us to further increase the footprint of the deposit closer to the surface and will focus current exploration efforts along the Caribou Horizon at proximity of the Murray Brook Deposit”.
Exploration Program
The next phase of the 2017 exploration program has begun on one (1) kilometer of prospective new area in the western part of the Murray Brook Deposit and will consist of trenching and drilling. Puma’s geologists have defined several new high priority targets based on their stratigraphic location and proximity to the Deposit. These targets are along the fertile Caribou Horizon, where an historic hole intersected 2.10 Cu over 1.9 meters near a major chargeability anomaly and two (2) gravity anomalies (see Figure 1 at the following address: http://media3.marketwire.com/docs/171109_PUM_Figures.pdf).
Qualified Persons and QC/AC
The content of this press release was prepared by Marcel Robillard, P.Geo., President and Dominique Gagné, P.Geo., Vice President Exploration, qualified persons as defined by NI 43-101, who supervised the preparation and technical information that forms the basis for this news release. 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. Mr. Robillard and Mr. Gagné are not independent of the Company, as both are officers and shareholders thereof. The samples were prepared, sent, processed at ALS Val D’Or, Québec and ALS Sudbury, Ontario. All samples were assayed by ME-ICP41 method and gold was assayed by AU-AA26 method. QA/QC are monitored by the analysis of blanks, reference material and replicate samples at a frequency of one (1) of each per 30 samples.
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 rocks that host the operating Caribou Mine (Trevali Mining Corp.), the Murray Brook Deposit and the past operating Restigouche Mine (Trevali Mining Corp.). From east to west, the project comprises the Murray Brook East Property (4925), the Murray Brook Mining Lease (# 252) and the Murray Brook West Property (7846) (refer to website).
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. The Company has defined several future priority targets on these properties (see Figure 2 at the following address: http://media3.marketwire.com/docs/171109_PUM_Figures.pdf).
The Murray Brook deposit has a currently defined measured and indicated mineral resources of 5.28 million tonnes averaging 5.24 zinc, 1.80 lead, 0.46 copper, 68.9 g/t silver and 0.65 g/t gold. The core of the mineral resource occurs in the West Zone which is 200 meters wide, extending from surface to 300 meters vertical and the true thickness of the massive sulphide body varies from 75 meters to 100 meters. The East Zone (Copper-Gold) is 100 meters wide, also extending from surface to 300 vertical meters and is mainly mineralized with gold and copper. On February 20th 2017, a NI 43-101 report was accepted and filed on SEDAR.
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 consist of an option to acquire 100 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, Manitoba. 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.
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.
To view the figures associated with this press release, please visit the following link: http://media3.marketwire.com/docs/171109_PUM_Figures.pdf
Puma Exploration Inc.
Marcel Robillard
President
(418) 724-0901
president@explorationpuma.com
www.pumaexploration.com
- Published in Mining, News Home, Puma Exploration
Inca One Gold announces increase in gold production in August, September and October
Momentum Public Relations
Press Release: November 9, 2017
VANCOUVER, Nov. 9, 2017 /PRNewswire/ – INCA ONE GOLD CORP. (TSXV: IO, Frankfurt: SU9.F, SSEV: IOCL) (“Inca One” or the “Company“) is pleased to report gold production for the three months ending October 31, 2017 more than doubled from the same period last year, reaching 2,921 ounces, an increase of 124 year-over-year (“YOY“) and an increase of 17 from the prior three months ending July 31, 2017.
During the three months ending October 31, 2017, the Company achieved an average throughput of 69 tonnes per day (“tpd“), an increase of 107 from the same period last year and an increase of 9 from the prior three months ending July 31, 2017. Over August, September and October 2017, the Company processed approximately 6,358 tonnes of gold bearing material including tailings, compared to 3,070 tonnes YOY, (an increase of 107 .
Production |
August |
September |
October |
Totals |
YOY change |
Gold produced (oz) |
928 |
889 |
1,104 |
2,921 |
124 |
Throughput (tpd) |
66 |
59 |
82 |
69 |
107 |
Deliveries (tonnes) |
2,139 |
2,050 |
1,900 |
6,089 |
31 |
Production (tonnes) |
2,032 |
1,769 |
2,557 |
6,358 |
107 |
Inca One’s supply of gold bearing material for processing also increased steadily when compared on a YOY basis. Mineral received during the three months ending, October 2017 was 6,089 tonnes, an increase of 31 YOY. When compared to the prior three months ending July 31, 2017 deliveries were slightly higher, increasing by 2 .
Inca One President and CEO, Edward Kelly stated, “I am extremely pleased with yet another consistent period from our operations team at Chala One. These three months were one of our most productive on record and I anticipate further increases in future gold production by sourcing higher-grade and higher margin material.”
About Inca One
Inca One is a Canadian-based mineral processing company. The Company’s activities consist of the production of gold and silver from the processing of purchased minerals located in Peru. Peru is the 6th 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 US$3 billion annually. The Company purchases its minerals from government registered small-scale mining producers from various regions and processes it at its Chala One milling facility located in Chala, Southern Peru.
On behalf of the Board,
Edward Kelly,
President and CEO
INCA ONE GOLD CORP.
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 NEWS RELEASE.
Statements regarding the Company which are not historical facts are “forward-looking statements” that involve risks and uncertainties. Such information can generally be identified by the use of forwarding-looking wording such as “may”, “expect”, “estimate”, “anticipate”, “intend”, “believe” and “continue” or the negative thereof or similar variations. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements due to factors such as: (i) fluctuation of mineral prices; (ii) a change in market conditions; and (iii) the fact that future operational results may not be accurately predicted based on this limited information to date. Except as required by law, the Company does not intend to update any changes to such statements. Inca One believes the expectations reflected in those forward-looking statements are reasonable but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included herein should not be unduly relied upon.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
SOURCE Inca One Gold Corp.
- Published in Inca One Gold Corp, Mining, News Home
Auxico to Explore La Camichina and Los Olotes
Momentum Public Relations
Press Release: November 8, 2017
MONTREAL, Nov. 08, 2017 (GLOBE NEWSWIRE) — Auxico Resources Canada Inc. (CSE:AUAG) is pleased to provide its shareholders and stakeholders the following update on activity at its 100 owned Zamora Silver-Gold Property in Mexico.
The Company intends to explore Los Olotes by means of a diamond drill program and rehabilitate the La Camichina shaft, which could allow access to the Los Olotes Mine. It is believed that the shaft goes down to about 110 metres. It is not known to what depth the orebodies were mined out to in these two mines, but having access the underground workings will allow the Company to reassess what is actually there. The Company considers that both of these mines have undeveloped resources at depth and are open along strike.
Both Los Olotes and La Camichina are characterized by high-grade silver and gold. As outlined in the Technical Report, the following are the best historical samples at each of these mines:
Mine | Best Historic Sample |
Los Olotes (17-metre level) | 3.15 kg/t silver; 13.4 g/t gold |
Los Olotes (23-metre level) | 6.57 kg/t silver; 44 g/t gold |
La Camichina (17-metre level) | 5.1 kg/t silver; 23.5 g/t gold |
During the exploration and restoration process at La Camichina, a total of 27 channel samples, totalling 23.9 metres, were collected and averaged 3.1 g/t gold and 609.2 g/t silver.
The zone at Los Olotes was sampled consistently on three levels (17m, 23m and 30m). Level 17 at Los Olotes is host to 96 channel samples (89.5 metres), averaging 2.13 g/t gold and 316.6 g/t silver. Level 23 at Los Olotes is host to 24 channel samples, totalling 22.9 metres and averaging 6.14 g/t gold and 797.55 g/t silver. At Level 30, a total of 64 channel samples, totalling 82.3 metres, and averaging 0.24 g/t gold and 27.5 g/t silver, were collected during the exploration and restoration process. These levels were subsequently mined out after 1982 when the government rehabilitated the mine, but the information gathered from the rehabilitation work shows compelling evidence of the high-grade nature of the mineralized quartz vein system and the structural control of the orebody.
The Los Olotes and La Camichina deposits occur along the north-east south-west fault that contains six known historical mines over a distance of 1.5 kilometres: Rosa Maria, Trinicon, La India, El Arroyito, El Tecomate and La Campeona, where one sample returned 10.1 g/t of gold and 941.7 g/t of silver. For reference, please see the report “Consejo de Recursos Mineral” from April 1982 done by Antonio B. Flores Martinez, Ing. The report can be found on the Company’s website (www.auxicoresources.com).
Additional information on Auxico can be found on the Company’s website (www.auxicoresources.com) or on SEDAR (www.sedar.com) under “Auxico Resources Canada Inc.”
Technical information on the Zamora Property can be found in the Company’s Technical Report, dated August 16, 2017 (amended) and written by Joel Scodnick, P.Geo., an independent consultant to the Company.
Qualified Person
This news release was reviewed and approved by Joel Scodnick, P.Geo., an independent consultant to Auxico, in his capacity as a Qualified Person, as defined by National Instrument 43-101.
ON BEHALF OF THE BOARD OF DIRECTORS
« signed »
Mark Billings
President, Auxico Resources Canada Inc.
mb@auxicoresources.com
Cell: +1 514 296 1641
About Auxico Resources Canada Inc.
Auxico Resources Canada Inc. (“Auxico”) is a Canadian company that was founded in 2014 and based in Montreal. Auxico is engaged in the acquisition, exploration and development of mineral properties in Mexico. The Company has a 100 interest in the Zamora Silver-Gold Property in Sinaloa, Mexico. Auxico will continue to identify and potentially acquire additional property interests and conduct exploration and evaluation of these properties to assess their potential.
The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.
- Published in Auxico Resources, Mining, News Home
U.S. Energy Corp. Announces Receipt of Proceeds from Previously Announced Divestiture
Momentum Public Relations
Press Release: November 6, 2017
DENVER, Nov. 06, 2017 (GLOBE NEWSWIRE) — U.S. Energy Corp. (NASDAQ:USEG) (“U.S. Energy” or the “Company”) today announced it has received scheduled proceeds from a previously announced August 2014 transaction regarding the divestment of uranium mining assets in exchange for $2.5 million of stock in Anfield Resources Inc. (TSXV:ARY) (“Anfield”). Pursuant to the agreement, payments for the divestiture were structured as three issuances of stock with the most recent and final $1.0 million issuance consisting of 24,942,200 shares of Anfield. The recently received shares are restricted until March 2, 2018. U.S. Energy now holds 36,316,357 shares of Anfield representing approximately 19.2{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the common stock outstanding.
U.S. Energy expects to use the holdings as collateral until ultimately being monetized and allocated towards development capital, as circumstances and market conditions warrant. U.S. Energy Corp. divested all remaining mining assets during 2016 and no longer has any mining related interests.
A copy of the early warning report filed in accordance with applicable Canadian securities laws is available on SEDAR (www.sedar.com).
About U.S. Energy Corp.
We are an independent energy company focused on the lease acquisition and development of oil and gas producing properties in the continental United States. Our business is currently focused in the Williston Basin of North Dakota and South Texas. We continue to focus on increasing production, reserves, and cash flow from operations while pro-actively managing our debt levels. More information about U.S. Energy Corp. can be found at www.usnrg.com.
Forward-Looking Statements
This press release may include “forward-looking statements” within the meaning of the securities laws. When used in this press release, the words “will,” “potential,” “believe,” “estimate,” “intend,” “expect,” “may,” “should,” “anticipate,” “could,” “plan,” “predict,” “project,” “profile,” “model,” or their negatives, other similar expressions or the statements that include those words, are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company, which may cause actual results to differ materially from those implied or expressed by the forward-looking statements. Factors that could cause or contribute to such differences include risks detailed in the Company’s periodic report filings with the Securities and Exchange Commission.
Corporate Contact: U.S. Energy Corp. Ryan Smith Chief Financial Officer (303) 993-3200 www.usnrg.com Source (TMX Money)
- Published in Anfield Resources, Mining, News Home
Crystal Lake Mining arranges $400,000 private placement
Momentum Public Relations
Press Release: November 6, 2017
Crystal Lake Mining Corp. has arranged an additional, non-brokered two million units non-flow-through financing with total proceeds totalling $400,000. Each non flow-through unit priced at 20 cents per unit. Each unit comprises one common share and one full common share purchase warrant which may be exercised at a price of 25 cents per share for a period of 18 months following closing. The proceeds of this private placement will be used to advance exploration activities at the company’s Emo, Ont., properties and for general working capital. A work program on the company’s Emo property holdings will commence shortly. (See press release dated Oct. 18, 2017). Finder’s fees will be payable to qualified recipients at allowable rates.
All securities issued are subject to a four-month hold period and subject to Toronto Stock Exchange approvals.
The company is unaware of any material changes.
About Crystal Lake Mining Corp.
Crystal Lake Mining 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
Relevium Drives Top Line Growth for Q1
Momentum Public Relations
Press Release: November 6, 2017
MONTREAL, QUEBEC–(Marketwired – Nov. 6, 2017) – Relevium Technologies Inc. (TSX VENTURE:RLV)(FRANKFURT:6BX) (the “Company” or “Relevium”), a publicly traded corporation strategically focused on creating value through the acquisition and development of e-brands, online businesses and e-retail technologies in the Health and Wellness space, is pleased to announce top line growth for Q1 in anticipation of its interim filings.
What’s New Here?
- Revenues increased by 47{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} for the newly acquired BioGanix business in Q1, as compared to sales during the same period last year under the previous ownership.
- Number of units sold increased from 27,084 in 2016 to 42,003.
- Number of subscribers is now 225,000, a 60{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} increase and the number of SKUs is now 26 (32 by year end)
What Does This Mean?
In M&A, the first six months of integration tends to be the most critical period, as such:
- Revenue growth is a good indicator that the integration process is going well
- The increase in customer base and the introduction of new products reflect management’s investment in organic growth and brand equity
Why Should Investors Care?
- Management is executing as promised:
(1) Delivering on the first acquisition and
(2) Optimizing the acquired business - Investors can expect continued focus on brand equity and product line expansion
- Following the successful integration period, management is setting the stage for its next execution challenge
First Quarter Disclosure
The Company’s Fiscal Year 2018 started on July 1, 2017 and as such, shareholders can expect to see the full impact of the results from the Bioganix acquisition in Q1 of this new fiscal year, due at the end of this month.
The Company is expecting to hold a conference call for shareholders to discuss the results of Q1, as well as other business developments. The date and time of the conference call is to be announced on a separate press release.
About Relevium Technologies
Relevium is a TSXV listed company focused on growth through the acquisition of businesses, products and/or technologies with a focus on e-commerce in the growing health and wellness sector. Relevium Technologies Inc. also holds patented intellectual property for the use of static magnetic fields for application on wearable devices.
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.
Cautionary Note Regarding Forward-Looking Statements
This press release may contain forward-looking information within the meaning of applicable securities legislation, which reflects the Company’s current expectations regarding future events. Forward-looking information is based on several assumptions and is subject to several risks and uncertainties, many of which are beyond the Company’s control that could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking information. Readers should not place undue reliance on forward- looking statements and forward-looking information and are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake any obligation to update such forward-looking information, whether because of new information, future events or otherwise, except as expressly required by applicable law.
On Behalf of the Board of Directors
RELEVIUM TECHNOLOGIES INC.
Aurelio Useche, President and CEO
RELEVIUM TECHNOLOGIES INC
Edward Ierfino
Investor Relations
Tel: (514) 562-1374
Email: eierfino@releviumcorp.com
Website: www.releviumtechnologies.com
- Published in News Home, Nutraceutical, Relevium Technologies