Sirona Biochem Signs International Partnership Agreement with Wanbang Biopharmaceuticals
Sirona Biochem Corp. (TSX-V: SBM) (FSE: ZSB) (OTC: SRBCF) (“Sirona”) announces that, subsequent to the LOI, Sirona and Wanbang Biopharmaceuticals (“Wanbang”) have signed an expanded, international partnership agreement to collaborate on licencing Sirona’s SGLT2 inhibitor, TFC-039, as a pharmaceutical treatment in both animal and human health. The agreement adds human health to the partnership as a result of new licencing opportunities currently in due diligence.
Wanbang (a wholly owned subsidiary of Shanghai Fosun Pharmaceutical) and Sirona initially signed a licensing agreement for TFC-039, whereby Wanbang obtained the rights to develop the compound as a diabetes treatment in China and Sirona retained the global rights. Sirona has since been in discussions with animal health companies to advance TFC-039 as a treatment for diabetes and chronic kidney disease in companion animals. SGLT2 inhibitors provide an opportunity to treat inflicted animals with an oral medication as opposed to the traditional method of daily insulin injections. More recently, Sirona has entered into due diligence with a large pharmaceutical company with a regional interest in developing the compound for human diabetes.
Together, Sirona and Wanbang share extensive knowledge and scientific results of TFC-039. Partnering will significantly increase the speed to third-party partnerships and commercialization. The shared data spans over 12 years of research and development, and includes in vitro and in vivo preclinical work, multiple clinical studies, advanced manufacturing process development and the ability to commercially manufacture TFC-039.
“We have a long-standing relationship with Wanbang and are excited to combine our two companies’ expertise to license TFC-039. Wanbang has invested millions of dollars into the clinical stage research and development of the manufacturing processes for TFC-039. These pieces of data are critical to large organizations and will greatly increase the opportunities to move forward. The probability of a successful licensing agreement has been made much stronger by leveraging our alliance with Wanbang.” said Dr. Howard Verrico, CEO. “We have had a successful year building Sirona’s pipeline, with positive movement on all projects and we’re looking forward to continuing this success with our SGLT2 inhibitor as well as our antiviral and anti-aging projects in 2023.”
About Wanbang Biopharmaceuticals and Fosun Pharmaceuticals
Wanbang Biopharmaceuticals develops, manufactures, and markets drugs with indications for chronic disease treatment, antibiotics, and other endocrine diseases in China. Founded in 1981, the company is headquartered in Xuzhou, China, and is a subsidiary of Shanghai Fosun Pharmaceutical Group. Fosun is a leader in the pharmaceutical industry and is regarded as one of the top five domestic pharmaceutical companies in China. For more information on Fosun and Wanbang, please visit www.fosunpharma.com/en.
About Sirona Biochem Corp.
Sirona Biochem is a cosmetic ingredient and drug discovery company with a proprietary platform technology. Sirona specializes in stabilizing carbohydrate molecules with the goal of improving efficacy and safety. New compounds are patented for maximum revenue potential.
Sirona’s compounds are licensed to leading companies around the world in return for licensing fees, milestone fees and ongoing royalty payments. Sirona’s laboratory, TFChem, is located in France and is the recipient of multiple French national scientific awards and European Union and French government grants. For more information, please visit www.sironabiochem.com.
- Published in News Home, Sirona Biochem
Sirona Biochem Signs Research Collaboration Agreement with International Centre for Genetic Engineering and Biotechnology
Sirona Biochem Corp. (TSX-V: SBM) (FSE: ZSB) (OTC: SRBCF) (“Sirona”) is pleased to announce it has entered into a research collaboration with the International Centre for Genetic Engineering and Biotechnology (“ICGEB”) to advance Sirona’s antiviral library of compounds.
ICGEB will immediately begin screening the library of compounds produced at Sirona’s subsidiary TFChem. The work will be performed at the ICGEB’s Laboratory of Molecular Virology located in Trieste, Italy under the direction of Dr Alessandro Marcello, an expert in human virology. Scientists at ICGEB will test the potential antivirals against SARS-CoV-2 (COVID-19) using specialized assays developed at the centre. Previous assays on Sirona’s compounds (performed at another institution) delivered inconclusive results that prevented the company from assessing the value of the suite of compounds. To address this problem, TFChem initiated a collaboration with Dr Marcello’s team at the ICGEB. The testing in his laboratory is ideally suited for this class of antiviral agents and will provide data required to assess the potential of this program.
If the results are promising, it is the intention of the parties to expand the collaboration to further advance these compounds. Ultimately the collective goal is to create new treatment options for SARS-CoV-2 and other viruses. Sirona’s scientists at TFChem require the added expertise in virology to advance this project and this collaboration is a critical step for this program. An enormous unmet need remains in finding better therapies to treat SARS-CoV-2 and numerous other related viruses.
This initial evaluation is estimated to be completed in approximately 12 weeks. An update will be provided after the tests have been performed and the results have been evaluated.
About the International Centre for Genetic Engineering and Biotechnology
Established in 1983 as a special project of UNIDO, the International Centre for Genetic Engineering and Biotechnology – ICGEB is an independent intergovernmental organization with HQ in Trieste (Italy) and with additional laboratories in New Delhi (India) and Cape Town (South Africa). It counts almost 70 Member States. The ICGEB is a not for profit IGO – any revenues generated are re-invested in research and in the funding programs for capacity building in its Member States. The Vision of the ICGEB is to be the world’s leading intergovernmental Organization for research, training and technology transfer in the field of Life Sciences and Biotechnology. Its Mission is to combine scientific research with capacity enhancement, thereby promoting sustainable global development (www.icgeb.org).
The Molecular Virology Group in Trieste studies the detection and molecular mechanisms of different arboviruses and has been mainly involved in the response to the COVID-19 pandemic providing support to the ICGEB Member countries. Activities included in the formulation for protocols for SARS-CoV-2 molecular and serological diagnostics, online tutorials and reagents to be able to develop low-cost in-house assays. COVID-19 viruses circulating in several countries have been sequenced for the first time and made available to the scientific community. A pipeline for testing antivirals against SARS-CoV-2 has been set-up allowing the identification of novel drug candidates.
About Sirona Biochem Corp.
Sirona Biochem is a cosmetic ingredient and drug discovery company with a proprietary platform technology. Sirona specializes in stabilizing carbohydrate molecules with the goal of improving efficacy and safety. New compounds are patented for maximum revenue potential.
Sirona’s compounds are licensed to leading companies around the world in return for licensing fees, milestone fees and ongoing royalty payments. Sirona’s laboratory, TFChem, is in France and is the recipient of multiple French national scientific awards and European Union and French government grants. For more information, please visit www.sironabiochem.com.
For more information regarding this press release, please contact:
Investor Enquiries:
Jonathan Williams
Managing Director
Momentum PR
Phone: 1.450.332.6939
Email: jwilliams@momentumpr.com
- Published in News Home, Sirona Biochem
TRU Opens Up New Copper-Gold-Silver Discovery at Golden Rose
TRU Precious Metals Corp. (TSXV: TRU) (OTCQB: TRUIF) (FSE: 706) (“TRU” or the “Company”) is pleased to announce assay results from a new drill discovery at its flagship Golden Rose Project in Central Newfoundland (“Golden Rose”). The 13-hole, 2,147.4 metre (“m”) drilling program focused on the Jacob’s Pond area, principally the Jacob’s Twin showing, one of the five grids property-wide where the Company recently completed an extensive IP Survey.
Highlights
- Drill intersection of multiple copper-gold-silver zones in altered conglomerate (table 1).
- Last hole to intersect the discovery, JP-22-13, returned high-grade copper and silver.
- Discovery remains open for expansion in multiple directions.
- 2022 soil sampling has defined a secondary promising target between 750m to 1.2 kilometres (“km”) southwest from the new discovery area.
Barry Greene, VP of Property Development and Director of TRU, commented: “It is always rewarding to drill under a newly discovered copper-gold bearing quartz-carbonate vein system and to upgrade it in drill core at depth. Our discovery hole, JP-22-10, and step-out hole, JP-22-13, confirms that we are in the early stage of defining an exciting new prospect with significant expansion potential. Additional step-out drilling will be required to start delineating shape, orientation and ultimately continuity of this new discovery.”
The Jacob’s Twin copper (“Cu”) -gold (“Au”) -silver(“Ag”) discovery contains multiple intervals of quartz-carbonate-sulphide veining (figures 1& 2).
The veining in hole JP-22-10 was discovered while drilling directly under a creek where a series of copper-gold bearing outcrops (see press release dated August 4, 2022) were found during 2022 summer exploration, with samples grading 1.10% to 4.19% Cu and 2.76 grams per tonne (g/t) Au. An upper mineralized zone in hole JP-22-10 from 129m to 142.3m was followed by a lower 22.6m zone from 178.4m to 201m down hole depth, containing quartz-carbonate veining and copper mineralization, the lower 3.0m interval of which assayed 1.03% Cu, 0.71g/t Au, and 24.95g/t Ag from 193.45m to 196.45m. Jacob’s Twin correlates with a high chargeability Alpha IP anomaly near the sheared contact with a flow banded rhyolite.
Follow-up drilling, in final hole JP-22-13, approximately 15m down dip of hole JP-22-10, also intersected a mineralized vein system between 187.5m-199.5m down hole depth (figure 2). The highlight of this zone assayed 1.10% Cu, 0.87 g/t Au, and 46.60 g/t Ag over 2.8m from 197 to 199.8m, including 1.14m at 2.19% Cu, 1.39g/t Au, and 108.3 g/t Ag from 198.66m to 199.8m.
TRU Co-Founder and CEO Joel Freudman added: “Drilling at Golden Rose continues to uncover the immense potential of this property, and we are barely scratching the surface. I am especially pleased with our intersect of high-grade copper, which is a critical mineral input in electric vehicles and a wide range of other ‘clean energy’ and industrial uses. With less than 7,000 metres drilled to date by TRU at Golden Rose, across two modest drill programs, we are already unveiling what we believe to be a polymetallic zone, in addition to the known gold zone elsewhere on the property. I want to acknowledge the efforts of our exploration executives, Barry Greene and Pearce Bradley, in securing the Jacob’s Pond area for TRU last year and advancing it to this new discovery zone. This is another step toward establishing that Golden Rose is geologically prospective and hosts multiple commodities, on a massive property package that has seen little to no exploration.”
Mr. Freudman continued: “Additionally, and of great significance to TRU, we are also excited that our neighbour Marathon Gold has publicly disclosed its intention to commence mine construction at the Valentine Gold Project in early 2023, becoming an operating mine producing gold by early 2025. We expect this will attract renewed interest to the Valentine Lake Shear Zone, as TRU continues to build a turnkey polymetallic project with a robust pipeline of drilling and exploration potential.”
The Company continues to await final assay results for some holes peripheral to the primary mineralized zones,which are not expected to return significant values of mineralization.
A second promising drill target is shaping up along the same structural trend approximately 750m to 1.2km to the southwest of the Jacob’s Twin target area (figure 1). This new target contains many highly anomalous Au and Cu soil anomalies in a tightly clustered grouping and along the same trend of anomalous IP chargeability. This area shows the potential for expansion of the mineralized system along a regional trend.
Figure 1 – Jacob’s Twin drilling with high priority target along trend
To view an enhanced version of Figure 1, please visit:
https://images.newsfilecorp.com/files/5993/137998_bb42846a44b24933_001full.jpg
Figure 2 – Cu-Au-Ag discovery in quartz-carbonate-sulphide veins from DDH JP-22-10
To view an enhanced version of Figure 2, please visit:
https://images.newsfilecorp.com/files/5993/137998_bb42846a44b24933_002full.jpg
Table 1 – Jacobs Twin Cu-Au-Ag-Target – uncut assay highlights
Hole No. | From (m) | To (m) | Interval (m) | Cu (%) | Au (g/t) | Ag (g/t) | Zone |
JP-22-05 | 45.00 | 51.00 | 6.00 | 0.32 | NSV | 1.98 | |
JP-22-07 | 43.00 | 45.00 | 2.00 | 0.43 | NSV | 1.50 | |
And | 49.00 | 51.00 | 2.00 | 0.49 | 0.40 | 17.05 | |
JP-22-10 | 128.90 | 140.00 | 11.10 | 0.25 | NSV | 7.36 | Upper Zone |
Including | 131.15 | 137.00 | 5.85 | 0.37 | NSV | 12.72 | |
And | 183.30 | 200.00 | 16.70 | 0.40 | NSV | 6.01 | Lower Zone |
Including | 192.25 | 200.00 | 7.75 | 0.53 | 0.35 | 12.15 | |
Including | 192.25 | 195.70 | 3.45 | 0.81 | 0.71 | 21.04 | |
Including | 193.45 | 196.45 | 3.00 | 1.03 | 0.71 | 24.95 | |
JP-22-13 | 197.00 | 199.80 | 2.80 | 1.10 | 0.87 | 46.60 | |
Including | 198.66 | 199.80 | 1.14 | 2.19 | 1.39 | 108.30 |
Figure 3 – IP chargeability zone with mineralized zones indicated
To view an enhanced version of Figure 3, please visit:
https://images.newsfilecorp.com/files/5993/137998_bb42846a44b24933_003full.jpg
Table 2 – Jacobs Twin Collar Details
Hole No. | Azimuth (degree) | Dip (degree) | Length (m) | UTM E | UTM N |
JP-22-1 | 337.5 | -77 | 181 | 451818 | 5343981 |
JP-22-2 | 157.5 | -45 | 131 | 451643 | 5344130 |
JP-22-3 | 337.5 | -65 | 221 | 451643 | 5344130 |
JP-22-4 | 337.5 | -45 | 212 | 452110 | 5344056 |
JP-22-5 | 337.5 | -45 | 104 | 451036 | 5343527 |
JP-22-6 | 337.5 | -75 | 116 | 451036 | 5343527 |
JP-22-7 | 337.5 | -45 | 89 | 451074 | 5343542 |
JP-22-8 | 337.5 | -45 | 119 | 451084 | 5343520 |
JP-22-9 | 337.5 | -45 | 89 | 451099 | 5343556 |
JP-22-10 | 337.5 | -68 | 228.4 | 450989 | 5343367 |
JP-22-11 | 337.4 | -79 | 224 | 451081 | 5343405 |
JP-22-12 | 337.5 | -50 | 203 | 450887 | 5343353 |
JP-22-13 | 337.5 | -68 | 230 | 450994 | 5343354 |
Drilling Quality Assurance/Quality Control (“QA/QC”)
All NQ core is geotechnically measured, logged and marked for sampling. The core is then cut by Company personnel, with half put into bags with unique sample tags for identification while the other half is retained for reference. CRM standards and blanks are inserted at regular intervals in the sample stream. The bags are sealed with a security tag and are then transported directly to the lab by TRU staff. Core samples are analyzed at either SGS in Burnaby B.C., or Eastern Analytical Ltd. (“Eastern Analytical”) of Springdale, NL.
Eastern Analytical is a commercial laboratory that is ISO/IEC 17025 accredited and independent of TRU. Eastern Analytical pulverized 1,000 grams of each sample to 95% < 89 mum. Samples are analyzed using fire assay (30g) with AA finish and an ICP-34, four acid digestion followed by ICP-OES analysis. All samples with visible gold or assaying above 1.00 g/t Au are further assayed using metallic screen to mitigate the presence of the nugget effect of coarse gold. Standards and blanks are inserted at defined intervals for QA/QC purposes by the Company as well as Eastern Analytical. True widths for reported intervals have yet to be determined.
SGS is a commercial laboratory that is independent of TRU. Rock and core samples are shipped to the SGS Grand Falls-Windsor Mobile Sample Prep facility where they are sorted, logged, weighed, dried at 105 C, crushed to 75% passing 2 mm, split to 250 g, and pulverized for 85% passing 75 microns. Pulps are shipped within the SGS lab network to SGS Burnaby, where they are typically tested by 30 g fire assay with AAS for gold, and aqua regia digest with ICP-AES for the 34 element package. Over limit analysis for Au is done with fire assay and gravimetric finish, and multi-elements by ore grade sodium peroxide fusion with ICP-AES.
Soil samples are sorted, logged, weighed, dried at 60 C and screened to 180 microns. Undersized material is shipped to SGS Burnaby, where samples are typically tested by 30 g fire assay with ICP-AES for gold and aqua regia digest with ICP-AES for the 34 element package.
SGS laboratories operate a Laboratory Information Management System (SLIM). The SLIM system includes method set up protocols (analytes, ranges, internal QC materials that include blanks, duplicates, replicates, and reference materials) as well as their frequency of insertion and tolerance requirements. Quality control is performed at the sample preparation stage to include % passing requirements at the crush and the pulverizing stages at set frequencies and QC samples are added to every batch of samples throughout the entire process at a frequency of ~10-15% and include preparation blanks, preparation duplicates, pulp replicates, method blanks and certified reference materials. SLIM is also used to monitor our internal processes for instruments, equipment, sample tracking, storage and reporting formats. SLIM uses a secure and complete audit trail to ensure traceability and confidentiality.
SGS Burnaby facility is accredited to the requirements of ISO/IEC 17025 for various tests listed on their scope of accreditation at https://www.scc.ca/en/search/laboratories/sgs
The TRU exploration program design is consistent with industry best practices and the program is carried out by qualified persons employing a QA/QC program consistent with National Instrument 43-101.
National Instrument 43-101 Disclaimers
Note that soil, rock and float samples are selective by nature, and values reported may not represent the true grade or style of mineralization at Golden Rose. Readers are cautioned that these potential grades are conceptual in nature; there has been insufficient exploration by the Company or its qualified person at Golden Rose to define a mineral resource or mineral reserve; and it is uncertain whether further exploration will result in these targets being delineated as a mineral resource or mineral reserve.
The reader is cautioned that descriptions of mineralization, soil anomalies and IP anomalies reported in this news release are preliminary and/or early-stage results. While these features are considered encouraging, there is no guarantee that these features will return significant gold and/or copper values when drilled.
Qualified Person
Barry Greene, P.Geo. (NL) is a qualified person as defined by National Instrument 43-101 and has reviewed and approved the contents and technical disclosures in this press release. Mr. Greene is a director and officer of the Company and owns securities of the Company.
About TRU Precious Metals Corp.
TRU (TSXV: TRU) (OTCQB: TRUIF) (FSE: 706) is on a mission to build long-term shareholder value, through prudent natural resource property development and transactions. Currently, TRU is exploring for gold and copper in the highly prospective Central Newfoundland Gold Belt and has an option with TSX-listed Altius Minerals to purchase 100% of the Golden Rose Project. Golden Rose is a regional-scale 233 km2 land package, including a newly discovered 20 km district-scale structure, and an additional 45 km of strike length along the deposit-bearing Cape Ray – Valentine Lake Shear Zone, directly between Marathon Gold’s Valentine Gold Project and Matador Mining’s Cape Ray Gold Project.
TRU is a portfolio company of Resurgent Capital Corp. (“Resurgent”), a merchant bank providing venture capital markets advisory services and proprietary financing. Resurgent works with promising public and pre-public micro-capitalization companies listing on Canadian stock exchanges. For more information on Resurgent and its portfolio companies, please visit Resurgent’s website at https://www.resurgentcapital.ca/ or follow Resurgent on LinkedIn at https://ca.linkedin.com/company/resurgent-capital-corp.
For further information about TRU, please contact:
Joel Freudman
Co-Founder & CEO
TRU Precious Metals Corp.
Phone: 1-855-760-2TRU (2878)
Email: ir@trupreciousmetals.com
- Published in Uncategorized
CANADA SILVER COBALT BEGINS TO PRODUCE METAL CONCENTRATES FOR EV CLIENT EVALUATION
Two tonnes of high-grade mineralized material recovered during voluntary surface site rehabilitation at the past-producing Castle and Beaver mines, in addition to high-grade silver tailings from the mines, will be processed at Canada Silver Cobalt Works Inc.’s Temiskaming testing labs (TTL) high-grade bulk processing facility in nearby Cobalt, Ont.
“Having met with South Korean EV metal buyers last week and with the TTL bulk processing facility fully commissioned, including the newly installed gravity processing plant (see news release September 14, 2022), we have begun processing two bulk samples totaling approximately two tonnes mineralized rock recovered from the waste piles and high-grade silver tailings at our Castle and Beaver Mines. We are doing this to produce a concentrate we can use for further testing of our Re-2Ox process and also to demonstrate the role that the upgraded TTL facility can play in processing high-grade mineralized material from the Cobalt Camp,” stated CEO Frank J. Basa, P.Eng.
At TTL, the waste rock material will first be crushed and ground before being screened at 20 mesh to recover potential native silver for processing into silver dore bars using the facility’s bullion furnace.
The remaining sulphide material will then pass through the gravity plant to produce a high-grade gravity concentrate, which will be assayed for cobalt, nickel, copper, silver, gold and arsenic (arsenic is one of the metals the US have on their critical metals list).
The high-grade silver tailings will be first screened at 20 mesh to remove any organics and then processed through the TTL gravity plant to produce a concentrate.
The Company plans to send these high-grade gravity concentrates to SGS Canada’s laboratory facility in Lakefield, Ontario where, using the Company’s proprietary Re-2Ox process, they will be converted into battery metals needed in the EV industry.
In 2018, the environmentally friendly Re-2Ox process was used at SGS Lakefield to produce a technical-grade cobalt sulphate hexahydrate at 22.6%, directly from cobalt-rich gravity concentrates produced from mineralized material removed from the first level of the Castle mine. The 22.6% cobalt sulphate compound exceeded the specifications required at that time by battery manufacturers including Japan’s Sumitomo Metals. The gravity concentrates used for this had graded 9.25% cobalt, 5.65% nickel, 49.9% arsenic and 9.25 g/t silver. The Re-20x process recovered 99% of the cobalt and 81% of the nickel from the concentrate while also removing 99% of the arsenic – a long-time issue in the cobalt-rich Cobalt Camp but now a critical metal. (See news releases January 15, 2021 and May 31 and August 15, 2018.)
The Company regards the proprietary Re-2Ox process as a long-term strategic advantage that will facilitate the production of battery metals for the EV market for many years. It is a closed-loop, zero-discharge hydrometallurgical process with no smelting or burning involved, which can meet stringent Canadian and International environmental standards and traceable verification. It is, additionally, more energy efficient than existing processes which use smelting and could have the potential to be used widely in base metals processing especially where high amounts of arsenic are present.
Qualified Person
The technical information in this news release was reviewed and approved by Frank J. Basa, P.Eng., a qualified person in accordance with National Instrument 43-101.
About Canada Silver Cobalt Works Inc.
Canada Silver Cobalt Works Inc. recently discovered a major high-grade silver vein system at Castle East located 1.5 km from its 100%-owned, past-producing Castle Mine near Gowganda in the prolific and world-class silver-cobalt mining district of Northern Ontario. The Company has completed a 60,000m drill program aimed at expanding the size of the deposit with an update to the resource estimate underway.
In May 2020, based on a small initial drill program, the Company published the region’s first 43-101 resource estimate that contained a total of 7.56 million ounces of silver in Inferred resources, comprising very high-grade silver (8,582 grams per tonne un-cut or 250.2 oz/ton) in 27,400 tonnes of material from two sections (1A and 1B) of the Castle East Robinson Zone, beginning at a vertical depth of approximately 400 meters. Note that mineral resources that are not mineral reserves do not have demonstrated economic viability. Please refer to Canada Silver Cobalt Works Press Release May 28, 2020, for the resource estimate. Report reference: Rachidi, M. 2020, NI 43-101 Technical Report Mineral Resource Estimate for Castle East, Robinson Zone, Ontario, Canada, with an effective date of May 28, 2020, and a signature date of July 13, 2020.
The Company also has: (1) 14 battery metals properties in Northern Quebec where it has recently completed an almost 15,000-metre drill program on the Graal property and an airborne VTEM geophysical survey recently completed at its Lowney-Lac Edouard property; and (2) the prospective 1,000-hectare Eby-Otto gold property close to Agnico Eagle’s high-grade Macassa Mine near Kirkland Lake, Ontario where it is exploring in 2022.
Canada Silver Cobalt’s flagship silver-cobalt Castle mine and 78 sq. km Castle Property feature strong exploration upside for silver, cobalt, nickel, gold, and copper. With underground access at the fully owned Castle Mine, an exceptional high-grade silver discovery at Castle East, a pilot plant to produce cobalt-rich gravity concentrates, a processing facility (TTL Laboratories) in the town of Cobalt, and a proprietary hydrometallurgical process known as Re-2Ox (for the creation of technical-grade cobalt sulphate as well as nickel-manganese-cobalt (NMC) formulations), Canada Silver Cobalt is strategically positioned to become a Canadian leader in the silver-cobalt space. More information at www.canadasilvercobaltworks.com .
We seek Safe Harbor.
- Published in Canada Cobalt Works, Mining, News Home
CANADA SILVER COBALT REPRICES AND EXTENDS WARRANTS AND ANNOUNCES WARRANT EXERCISE INCENTIVE PROGRAM
Canada Silver Cobalt Works Inc. intends to reprice an aggregate of 3,997,333 outstanding common share purchase warrants issued pursuant to a private placement that closed on Nov. 25, 2020. The warrants have an exercise price of 80 cents and an expiry date of Nov. 27, 2022. The company will amend the warrant exercise price to 11.25 cents per share and extend the warrant expiry date by two years to Nov. 27, 2024.
The warrants, as amended, will be subject to an accelerated expiry provision such that if for any 10 consecutive trading days during the unexpired term of the warrants, the closing price of the company’s shares on the TSX Venture Exchange exceeds 14 cents, representing the amended warrant exercise price of 11.25 cents plus 25 per cent, the exercise period of the warrants will be reduced to 30 days, starting seven days after the last premium trading day. The company will announce any such accelerated expiry date by press release. All other terms of the warrants remain unchanged.
The amendments described above are subject to approval by the holders of the warrants and by the TSX Venture Exchange.
Warrant exercise incentive program
The company also announces that if it obtains warrant amendment approval, the company will institute a warrant exercise incentive program designed to encourage the early exercise of the 3,997,333 warrants. Under the incentive program, the company will offer an inducement to each warrant holder that exercises its warrants during a period of 30 days from receipt of warrant amendment approval, by the issuance of one additional common share purchase warrant for each warrant exercised during the 30-day period. Each incentive warrant will entitle the holder to purchase one additional common share of the company at a price of 15 cents for a period of one year from the date of warrant amendment approval.
The incentive program will commence upon receipt of warrant amendment approval and will expire 30 days thereafter at 4 p.m. Vancouver time. The incentive warrants will include an accelerated expiry provision such that if, for any 10 consecutive trading days during the one-year term of the incentive warrants, the closing price of the company’s shares on the TSX Venture Exchange is at least 15 cents, the exercise period of the incentive warrants will be reduced to 30 days. The company will announce any such accelerated expiry date of the incentive warrants by press release.
The company intends to issue an updating news release upon receipt, if any, of warrant amendment approval and commencement of the incentive program, outlining the terms and conditions and the method of exercising warrants pursuant to the incentive program.
The incentive program is subject to approval by the TSX Venture Exchange.
About Canada Silver Cobalt Works Inc.
Canada Silver recently discovered a major high-grade silver vein system at Castle East located 1.5 kilometres from its 100-per-cent-owned, past-producing Castle mine near Gowganda in the prolific and world-class silver-cobalt mining district of Northern Ontario. The company has completed a 60,000-metre drill program aimed at expanding the size of the deposit with an update to the resource estimate under way. In May, 2020, based on a small initial drill program, the company published the region’s first National Instrument 43-101 resource estimate that contained a total of 7.56 million ounces of silver in inferred resources, comprising very high-grade silver (8,582 grams per tonne uncut or 250.2 ounces per ton) in 27,400 tonnes of material from two sections (1A and 1B) of the Castle East Robinson zone, beginning at a vertical depth of approximately 400 metres. Note that mineral resources that are not mineral reserves do not have demonstrated economic viability. Please refer to Canada Silver press release dated May 28, 2020, for the resource estimate, report reference: M. Rachidi, 2020, “NI 43-101 Technical Report Mineral Resource Estimate for Castle East, Robinson Zone, Ontario, Canada,” with an effective date of May 28, 2020, and a signature date of July 13, 2020. The company also has: (1) 14 battery metal properties in Northern Quebec, where it has recently completed a nearly 15,000-metre drill program on the Graal property; and (2) the prospective 1,000-hectare Eby-Otto gold property close to Agnico Eagle’s high-grade Macassa mine near Kirkland Lake, Ont., where it will be exploring in 2022. Canada Silver’s flagship silver-cobalt Castle mine and 78-square-kilometre Castle property feature strong exploration upside for silver, cobalt, nickel, gold and copper. With underground access at the fully owned Castle mine, an exceptional high-grade silver discovery at Castle East, a pilot plant to produce cobalt-rich gravity concentrates, a processing facility (TTL Laboratories) in the town of Cobalt and a proprietary hydrometallurgical process known as Re-2Ox (for the creation of technical-grade cobalt sulphate, as well as nickel-manganese-cobalt (NMC) formulations), Canada Silver is strategically positioned to become a Canadian leader in the silver-cobalt space.
- Published in Canada Cobalt Works, Mining, News Home
Canada Silver Cobalt Completes Commissioning of High-Grade Processing and Gravity Plants at TTL Facility
Coquitlam, BC – TheNewswire – September 14, 2022 – Canada Silver Cobalt Works Inc. (TSXV:CCW) (OTC:CCWOF) (Frankfurt:4T9B) (the “Company” or “Canada Silver Cobalt”) is pleased to announce that its 100%-owned Temiskaming Testing Labs (TTL) high-grade processing plant, that has zero discharge, is fully operational and ready for processing the high-grade mineralized material from the Cobalt Camp into silver dore bars as it was originally designed to do.
“We have rebuilt the TTL facility, including upgrades to the secondary crushing circuit and installation of a new gravity plant. TTL is now ready to begin the processing of high-grade mineralized material and tailings from mining properties in the area, including tailings from the Company’s past-producing Beaver Mine and Castle Mine. This is another important step in building our capability as a fully integrated mining operation right through to the production of silver dore bars,” stated CEO Frank J. Basa, P.Eng.
The 20,000-square-foot TTL facility is located in the Town of Cobalt, Ontario, in the centre of the historic Cobalt Mining Camp where 600 million ounces of silver and 30 million pounds of cobalt were produced during the 1900s. The facility was originally established in its current location by the Ontario government in 1941 as a public service facility offering laboratory services, high-grade ore processing and a bullion furnace to nearby mining operations. It was used by companies such as Agnico Eagle and Teck in their early days of silver mining operations in the area to pour in excess of two million ounces silver annually in silver dore bars. Using TTL’s bullion furnace, Canada Silver Cobalt poured three silver dore bars from Castle Mine waste material as a proof-of-concept test in 2019.
Canada Silver Cobalt completed the purchase of the TTL facility from a private operator in 2020. Since then, it has conducted a number of test runs and completed the commissioning of the secondary crushing circuit. As a result, TTL has a complete crushing and screening high-grade processing plant with a 20-tonne-per-hour capacity for high-grade mineralized feed from mining operations in the area (see news release September 8, 2021).
In addition, the Company recently installed a new gravity plant at TTL that is closed loop with a water recycle step (see news release January 18, 2022). The two-stage gravity plant, which is designed to operate at 24 tonnes per day, is now fully commissioned and includes a spiral concentrator feeding the concentrate to a conventional gravity table. A supplementary Falcon high-grade gravity concentrator is currently being installed.
The Company intends to use TTL for processing high-grade mineralized material from its Castle and Beaver mines as well as from the Castle East high-grade silver deposit when it has access to the high-grade veins there through the building of a ramp which is currently in the planning stage.
Qualified Person
The technical information in this news release was reviewed and approved by Frank J. Basa, P.Eng., a qualified person in accordance with National Instrument 43-101.
About Canada Silver Cobalt Works Inc.
Canada Silver Cobalt Works Inc. recently discovered a major high-grade silver vein system at Castle East located 1.5 km from its 100%-owned, past-producing Castle Mine near Gowganda in the prolific and world-class silver-cobalt mining district of Northern Ontario. The Company has completed a 60,000m drill program aimed at expanding the size of the deposit with an update to the resource estimate underway.
In May 2020, based on a small initial drill program, the Company published the region’s first 43-101 resource estimate that contained a total of 7.56 million ounces of silver in Inferred resources, comprising very high-grade silver (8,582 grams per tonne un-cut or 250.2 oz/ton) in 27,400 tonnes of material from two sections (1A and 1B) of the Castle East Robinson Zone, beginning at a vertical depth of approximately 400 meters. Note that mineral resources that are not mineral reserves do not have demonstrated economic viability. Please refer to Canada Silver Cobalt Works Press Release May 28, 2020, for the resource estimate. Report reference: Rachidi, M. 2020, NI 43-101 Technical Report Mineral Resource Estimate for Castle East, Robinson Zone, Ontario, Canada, with an effective date of May 28, 2020, and a signature date of July 13, 2020.
The Company also has: (1) 14 battery metals properties in Northern Quebec where it has recently completed an almost 15,000-metre drill program on the Graal property and an airborne VTEM geophysical survey is being conducted at its Lowney-Lac Edouard property; and (2) the prospective 1,000-hectare Eby-Otto gold property close to Agnico Eagle’s high-grade Macassa Mine near Kirkland Lake, Ontario where it is is exploring in 2022.
Canada Silver Cobalt’s flagship silver-cobalt Castle mine and 78 sq. km Castle Property feature strong exploration upside for silver, cobalt, nickel, gold, and copper. With underground access at the fully owned Castle Mine, an exceptional high-grade silver discovery at Castle East, a pilot plant to produce cobalt-rich gravity concentrates, a processing facility (TTL Laboratories) in the town of Cobalt, and a proprietary hydrometallurgical process known as Re-2Ox (for the creation of technical-grade cobalt sulphate as well as nickel-manganese-cobalt (NMC) formulations), Canada Silver Cobalt is strategically positioned to become a Canadian leader in the silver-cobalt space. More information at www.canadasilvercobaltworks.com .
“Frank J. Basa”
Frank J. Basa, P. Eng.
Chief Executive Officer
For further information, contact:
Frank J. Basa, P.Eng.
Chief Executive Officer
416-625-2342
- Published in Canada Cobalt Works, Mining, News Home
Canada Silver Cobalt Begins Outcrop Stripping, Channel Sampling, and Prepares for Diamond Drilling at its Eby-Otto Gold Property
The Eby-Otto property is located in a prime geological setting with mineralized veins identified at surface, and is proximal to both the Cadillac-Larder Lake Break and an existing high-grade gold mine.
Coquitlam, BC, August 22, 2022 – TheNewswire – Canada Silver Cobalt Works Inc. (TSXV:CCW) (OTC:CCWOF) (Frankfurt:4T9B) (the “Company” or “Canada Silver Cobalt”) announces that it recently began advancing the field work component of Phase 1 for its exploration plan at the Eby-Otto gold property near Kirkland Lake.
To date, the Company has:
- Identified several key areas for outcrop stripping and channel sampling. All stripping permits are in place. The Company has mobilized the team to begin in areas that have existing access and will expand the extent of the field work as the access trails are created. Channel sampling will take place as the stripping progresses.
- Initiated consultations with Matachewan First Nations. A site visit with the committee is scheduled for August 26.
- Identified and planned the placement of drill trails that will allow access to key locations within the property. The forest and terrain at Eby-Otto is very thick and can be difficult to traverse at times. Creating these trails will allow our team to access these important areas in addition to acting as drill trails once the drilling begins.
- Work has begun preparing the access trails for the upcoming drill campaign later this fall.
The Company has previously outlined the three exploration phases planned for the property:
Phase 1: The first phase will consist of an initial site assessment to determine the logistics of future operations and will provide the Company time to receive any pending surface exploration work permits that will be necessary. Surveying will be completed for key Standard Iron Bars (SIB), legacy claim posts, and access points to refresh select existing cut line grids. An overall geological assessment will be completed based on field work consisting of geological mapping, stripping key outcrops, and possibly further MMI geochemical or targeted and detailed ground geophysics if the technical team deems it necessary. As part of Phase 1, the Company has recently concluded a drone magnetic survey on the entire claim package conducted by EarthEx Geophysical Solutions Inc. The survey was completed at a tight enough line spacing and low enough altitude conducive for identifying smaller structures, such as vein systems, to be resolved and visible.
Phase 2: The second phase of exploration will be based on the results from Phase 1 and will expand to include diamond drilling to intercept specific regional structures based on the initial geophysical data provided by the drone magnetic survey, historic geological data, regional geophysics, geological mapping, and existing electromagnetic (EM) surveys completed by geologist Doug Robinson prior to the Company’s acquisition of the property.
Phase 3: The third phase of exploration will expand on the drilling and field work outlined in Phase 2. Once the 3D inversion of the drone mag survey is received and the data has been interpreted, the technical team will correlate this data with known mineralization that has been identified via field work to better refine the targets, and adjust the exploration accordingly.
The Company now has three option agreements covering 1,000 ha at the Eby-Otto property, and includes approximately 5km of strike length along the Eby-Otto Fault and along a major alteration trend (OGS OFR 6184). The property is within the Kirkland Lake gold district in northeastern Ontario and is located within 5km of Agnico-Eagle’s producing, high-grade Macassa Gold Mine.
Qualified person
The technical information in this news release was prepared under the supervision of Mr. Matthew Halliday, P.Geo., (PGO), President and COO of Canada Silver Cobalt Works Inc., a qualified person in accordance with National Instrument 43-101.
About Canada Silver Cobalt Works Inc.
Canada Silver Cobalt Works Inc. recently discovered a major high-grade silver vein system at Castle East located 1.5 km from its 100%-owned, past-producing Castle Mine near Gowganda in the prolific and world-class silver-cobalt mining district of Northern Ontario. The Company has completed a 60,000m drill program aimed at expanding the size of the deposit with an update to the resource estimate underway.
In May 2020, based on a small initial drill program, the Company published the region’s first 43-101 resource estimate that contained a total of 7.56 million ounces of silver in Inferred resources, comprising very high-grade silver (8,582 grams per tonne un-cut or 250.2 oz/ton) in 27,400 tonnes of material from two sections (1A and 1B) of the Castle East Robinson Zone, beginning at a vertical depth of approximately 400 meters. Note that mineral resources that are not mineral reserves do not have demonstrated economic viability. Please refer to Canada Silver Cobalt Works Press Release May 28, 2020, for the resource estimate. Report reference: Rachidi, M. 2020, NI 43-101 Technical Report Mineral Resource Estimate for Castle East, Robinson Zone, Ontario, Canada, with an effective date of May 28, 2020, and a signature date of July 13, 2020.
The Company also has: (1) 14 battery metals properties in Northern Quebec where it has recently completed a nearly 15,000-metre drill program on the Graal property; and (2) the prospective 1,000-hectare Eby-Otto gold property close to Agnico Eagle’s high-grade Macassa Mine near Kirkland Lake, Ontario where it will be exploring in 2022.
Canada Silver Cobalt’s flagship silver-cobalt Castle mine and 78 sq. km Castle Property feature strong exploration upside for silver, cobalt, nickel, gold, and copper. With underground access at the fully owned Castle Mine, an exceptional high-grade silver discovery at Castle East, a pilot plant to produce cobalt-rich gravity concentrates, a processing facility (TTL Laboratories) in the town of Cobalt, and a proprietary hydrometallurgical process known as Re-2Ox (for the creation of technical-grade cobalt sulphate as well as nickel-manganese-cobalt (NMC) formulations), Canada Silver Cobalt is strategically positioned to become a Canadian leader in the silver-cobalt space. More information at www.canadasilvercobaltworks.com
“Frank J. Basa”
Frank J. Basa, P. Eng.
Chief Executive Officer
For further information, contact:
Frank J. Basa, P.Eng.
Chief Executive Officer
416-625-2342
- Published in Canada Cobalt Works, Mining, News Home
Canada Silver Cobalt Appoints Gerhard Kiessling as Vice President Exploration
Coquitlam, BC – TheNewswire – August 17, 2022 – Canada Silver Cobalt Works Inc. (TSXV:CCW) (OTC:CCWOF) (Frankfurt:4T9B) (the “Company” or “Canada Silver Cobalt”) announces the appointment of Gerhard Kiessling, P.Geo., as Vice President Exploration, succeeding Matthew Halliday, P.Geo., who will continue as President and Chief Operating Officer.
Mr. Kiessling joined Canada Silver Cobalt in 2020 as an exploration geologist and was later promoted to Exploration Manager. Prior to that, he gained valuable geological exploration experience working for several companies across Canada including Agnico Eagle, Kirkland Lake Gold, First Cobalt, and McEwen Mining. He graduated from the University of Waterloo in 2016 with a Bachelor of Science (Honors), majoring in Earth Science. Growing up in northern Ontario, he was surrounded by mining for most of his life. He is a practising member of the Professional Geoscientists of Ontario (PGO).
“We welcome Gerhard to a more senior role at Canada Silver Cobalt. His extensive knowledge of the geology of northern Ontario is a major plus for us. In addition to his most recent work at Castle East, he has participated in several exploration projects in the area focused on a variety of metals and geological structures which will be important as we ramp up exploration at the Eby-Otto gold property near the high-grade Macassa Gold Mine just south of Kirkland Lake, Ontario and about 90 kilometers north of our Castle Mine property,” said Matthew Halliday, P.Geo., President and COO.
About Canada Silver Cobalt Works Inc.
Canada Silver Cobalt Works Inc. recently discovered a major high-grade silver vein system at Castle East located 1.5 km from its 100%-owned, past-producing Castle Mine near Gowganda in the prolific and world-class silver-cobalt mining district of Northern Ontario. The Company has completed a 60,000m drill program aimed at expanding the size of the deposit with an update to the resource estimate underway.
In May 2020, based on a small initial drill program, the Company published the region’s first 43-101 resource estimate that contained a total of 7.56 million ounces of silver in Inferred resources, comprising very high-grade silver (8,582 grams per tonne un-cut or 250.2 oz/ton) in 27,400 tonnes of material from two sections (1A and 1B) of the Castle East Robinson Zone, beginning at a vertical depth of approximately 400 meters. Note that mineral resources that are not mineral reserves do not have demonstrated economic viability. Please refer to Canada Silver Cobalt Works Press Release May 28, 2020, for the resource estimate. Report reference: Rachidi, M. 2020, NI 43-101 Technical Report Mineral Resource Estimate for Castle East, Robinson Zone, Ontario, Canada, with an effective date of May 28, 2020, and a signature date of July 13, 2020.
The Company also has: (1) 14 battery metals properties in Northern Quebec where it has recently completed an almost 15,000-metre drill program on the Graal property and an airborne VTEM geophysical survey is being conducted at it Lowney-Lac Edouard property; and (2) the prospective 1,000-hectare Eby-Otto gold property close to Agnico Eagle’s high-grade Macassa Mine near Kirkland Lake, Ontario where it will be exploring in 2022.
Canada Silver Cobalt’s flagship silver-cobalt Castle mine and 78 sq. km Castle Property feature strong exploration upside for silver, cobalt, nickel, gold, and copper. With underground access at the fully owned Castle Mine, an exceptional high-grade silver discovery at Castle East, a pilot plant to produce cobalt-rich gravity concentrates, a processing facility (TTL Laboratories) in the town of Cobalt, and a proprietary hydrometallurgical process known as Re-2Ox (for the creation of technical-grade cobalt sulphate as well as nickel-manganese-cobalt (NMC) formulations), Canada Silver Cobalt is strategically positioned to become a Canadian leader in the silver-cobalt space. More information at www.canadasilvercobaltworks.com .
“Frank J. Basa”
Frank J. Basa, P. Eng.
Chief Executive Officer
For further information, contact:
Frank J. Basa, P.Eng.
Chief Executive Officer
416-625-2342
- Published in Canada Cobalt Works, Mining, News Home
SONORO GOLD REPORTS UNDERGROUND CHANNEL SAMPLING PROGRAM AT CERRO CALICHE INCLUDING 2.0 METERS OF 7.863 GRAMS OF GOLD PER TONNE
VANCOUVER, Canada, Aug. 15, 2022 (GLOBE NEWSWIRE) — Sonoro Gold Corp. (TSXV: SGO | OTCQB: SMOFF | FRA: 23SP) (“Sonoro” or the “Company”) is pleased to report results from an underground channel sampling program recently completed at its Cerro Caliche gold project in Sonora, Mexico. The program was conducted as part of the Company’s plan to develop a proposed heap leach mining operation as outlined in an updated Preliminary Economic Assessment dated June 23, 2022.
Figure 1: Channel sampling at south end of Cabeza Blanca
Samples were obtained from a historic underground tunnel at the Cabeza Blanca mineralized gold zone, located in the southwestern part of the property.
An electric rotary handheld saw was used to acquire 34 quality continuous channel samples of vein and breccia material. Saw cuts were approximately four to six centimeters (cm) deep cut perpendicular to the vein trend.
Highlights include 2.0 meters averaging 7.863 grams of gold per tonne (“g/t Au”) across the vein with 3.5 meters averaging 3.071 g/t Au over the five saw cuts along the vein segment.
All reported intervals are true measured widths and all material was surface oxidized with the deepest samples collected approximately 25 to 30 meters beneath the terrain surface.
Results provide important geological data from a 100-meter section situated along the south end of the Cabeza Blanca vein zone as it enters the El Colorado mineralized zone.
The current resource estimate classified this 100-meter section as an inferred resource, but the underground sampling results, together with over 7,200 meters of new drilling data, will be included in an updated resource calculation being completed on the project.
Mel Herdrick, Sonoro’s VP Exploration, commented, “The data is a good example of continuity of gold mineralization which is coincident with the normal vertical and lateral variations we see when drilling.This detailed programalso provided quality and unbiased sampling of the vein and part of the exposed mineralized wall allowinga more complete evaluation of gold mineralized volumes in this area.“
Kenneth MacLeod, Sonoro’s President and CEO, noted, “The underground channel sampling yielded valuable data that we anticipate will augment the data obtained from our recent surface sampling and drilling programs completed in the same area. As previously announced, an updated resource estimate is being prepared and will incorporate all geological data to date.”
John Darch, Sonoro’s Chairman, added, “The positive results from the Cabeza Blanca South tunnel sampling program continue to highlight the intrinsic value of the project and underline theBoard’s ongoing commitment to develop the proposed heap leach mining operation at Cerro Caliche.“
Tunnel Sampling Results
The Cabeza Blanca vein zone has average mineralized widths of up to 29 meters, inclusive of footwall and hanging wall mineralization. Two historic tunnels were developed in the 1950s along the Cabeza Blanca vein, with the northern tunnel continuing approximately 600 meters on a 10 northwestern trend and the southern tunnel continuing approximately 350 meters on a 15 southeastern trend to the El Colorado zone. The southern tunnel splays into two distinct tunnels at the midway point and the sampling program was completed in the eastern splay. The western splay was not sampled.
As illustrated in the image below, sampling occurred in three segments across 90 meters of the tunnel. Segment No. 1 is the southernmost and nearest to the mouth of the tunnel, Segment No. 2 is located about midway and Segment 3 is a raised area at the north end of the tunnel.
Figure 2:Underground tunnel segments and sample cuts
Samples from Segment No. 1 returned the lowest gold grades with the five sample cuts averaging 3.9 meters of 0.401 g/t Au.
Segment No. 2 returned the highest gold grades ranging from 0.624 g/t Au to 7.863 g/t Au, with the five sample cuts averaging 3.5 meters of 3.071 g/t Au. The highest assay value of 7.863 g/t Au was across two meters from a vein-perpendicular saw cut with continuation in the vein hanging wall, including two additional samples with veinlets and a composite 4.6 meters at 4.93 g/t Au.
Segment No. 3 returned gold grades ranging from 0.704 g/t Au to 4.086 g/t Au, with the five sample cuts averaging 1.86 meters of 1.789 g/t Au.
The samples agree with the longitudinal contoured mineralization projections of the zone. A longitudinal plot of the drill intercepts with greater than 0.15 g/t Au is shown below.
Figure 3: Longitudinal section illustrating contoured values
The widths of the intercepts from the drill holes are plotted where the vein is cut and values contoured. This illustrates a near horizontal continuity of mineralization across the length of the Cabeza Blanca vein zone. The near horizontal character of contoured gold intercept values may reflect original boiling horizons as the ground water levels may have varied. This is also supported by the presence of historic workings which were developed in higher grade contoured areas of the vein.
Quality Assurance/Quality Control (“QA/QC“) Measures and Analytical Procedures
Channel samples were generated with an electric rotary handheld saw and chisel, and collected by hand in a catchment tarp below. The bagged samples were numbered and identified, and the site photographed after painting sample numbers on the ceiling. The samples were transported directly to the Bureau Veritis preparation laboratory in Hermosillo, Sonora. At the laboratory, part of each sample is reduced through crushing, splitting and pulverization from which 200 grams is sent to the B.V. gold assay laboratory in Hermosillo. A portion weighing 30 grams undergoes fire assay for gold, with the resulting concentrated button of material produced then dissolved in acids and the gold is determined by atomic absorption. The remaining sample pulp material is sealed in paper bags and retained for additional analysis.
No QA/QC issues were noted with the results received from the laboratory.
Geologic Description
Cerro Caliche is located 45 kilometers east southeast of Magdalena de Kino in the Cucurpe-Sonora Mega-district of Sonora, Mexico. Multiple historic underground mines were developed in the concession, including Cabeza Blanca, Los Cuervos, Japoneses, Las Abejas, Boluditos, El Colorado, Veta de Oro and Espanola. Mineralization types of the Cucurpe-Sonora Mega-district include variants of epithermal low sulfidation veins and related mineralized dikes and associated volcanic domes. Local altered and mineralized felsic dikes cut the mineralized meta-sedimentary rock units and may be associated with mineralization both in the dikes and meta-sedimentary rocks.
Qualified Person Statement
Stephen Kenwood, P.Geo., a Director of Sonoro, is a Qualified Person within the context of National Instrument 43-101 (NI 43-101) and has read and approved this news release. Readers are cautioned that the presence of mineralization on historic mines adjacent to or on Cerro Caliche is not necessarily indicative of economic gold mineralization in the concessions held by the Company.
About Sonoro Gold Corp.
Sonoro Gold Corp. is a publicly listed exploration and development Company holding the near-development-stage Cerro Caliche project and the exploration-stage San Marcial project in Sonora State, Mexico. The Company has highly experienced operational and management teams with proven track records for the discovery and development of natural resource deposits.
On behalf of the Board of Sonoro Gold Corp.
Per: “Kenneth MacLeod“
Kenneth MacLeod
President & CEO
For further information, please contact:
Sonoro Gold Corp. – Tel: (604) 632-1764
Email: info@sonorogold.com
- Published in News Home, Sonoro Gold
Sirona Biochem Announces Exclusive Global Licensing Agreement with Allergan Aesthetics
Sirona Biochem Corp. (TSX-V: SBM) (FSE: ZSB) (OTC: SRBCF) (“Sirona“) is pleased to announce it has entered into a global exclusive licensing agreement with Allergan Aesthetics, an AbbVie company (NYSE: ABBV), pursuant to which Allergan Aesthetics will develop and commercialize topical skin care treatments based on active ingredients derived from certain of Sirona’s patents for TFC-1067 and related family of compounds.
“We are very pleased to have finalized terms with a global leader in medical aesthetics and the innovator behind SkinMedica(TM), a leader in the science of skin rejuvenation,” said Dr. Howard Verrico, CEO of Sirona Biochem. “Our most recent clinical trial of TFC-1067 was a collaborative effort with Allergan Aesthetics to demonstrate the clinical potential in topical skin care treatments. This further validates our platform technology as viable for additional commercial products which we are actively pursuing. We would like to thank Dr. Linda Pullan of Pullan Consulting who assisted with our current success.”
“Allergan Aesthetics’ global presence in the aesthetic space and goal to further enhance aesthetic medicine combined with Sirona’s disruptive technology made this all possible,” reports Dr. Linda Pullan, of Pullan Consulting.
Under the license agreement, Sirona will a receive an upfront payment and further payments on achievement of milestones and royalties on product sales and has also agreed to financial terms as a supplier of its compounds.
About Sirona Biochem Corp.
Sirona Biochem is a cosmetic ingredient and drug discovery company with a proprietary platform technology. Sirona specializes in stabilizing carbohydrate molecules with the goal of improving efficacy and safety. New compounds are patented for maximum revenue potential.
Sirona’s current pipeline includes further cosmetic related products for cell preservation and repair, keloid therapy, scar therapy, anti-aging, anti-wrinkle, and cellulite treatment. In the pharmaceutical space, Sirona Biochem is working on a therapeutic for diabetic animals and new anti-viral therapies for humans. An extensive list of viable options for future programs applicable to the platform technology is maintained by Sirona’s chemistry team in France to ensure continued growth of the company.
Sirona’s compounds are licensed to leading companies around the world in return for licensing fees, milestone fees and ongoing royalty payments. Sirona’s scientific development unit, TFChem in France, is recipient of multiple scientific awards and European Union and French government grants. For more information, please visit www.sironabiochem.com.
For more information regarding this press release, please contact:
Investor Enquiries:
Jonathan Williams
Managing Director
Momentum PR
Phone: 1.450.332.6939
Email: jwilliams@momentumpr.com
- Published in News Home, Sirona Biochem