Secova Conducts Ground Exploration at Eagle River Based on New Data from Airborne VTEM(TM) Survey
Momentum Public Relations
Press Release: October 5, 2017
Vancouver, British Columbia–(Newsfile Corp. – October 5, 2017) – Secova Metals Corp. (TSXV: SEK) (FSE: N4UN) (OTC: SEKZF) (“Secova” or the “Company“) is pleased to report that results from the recently completed airborne VTEM™ (“Versatile Time Domain Electromagnetic”) Plus survey (the “Survey”) on the 100 owned Eagle River Gold Project (“Eagle River”) in Quebec, Canada, indicate a number of previously poorly defined or otherwise unknown airborne targets from earlier surveys.
The VTEMTM airborne survey covered a large area of 8,540 hectares representing just 40 of Secova’s claim group totalling 21,472 hectares in the Windfall Lake district. The detailed survey indicated 19 distinct anomalies that the Company has determined need further exploration. As a result, Secova has mobilized a field crew to Eagle River to undertake initial ground exploration. The map below shows both the location of the Survey and the 19 anomalies that will be explored in detail. The Eagle River project is located less than 10 kilometres southeast of Osisko Mining’s Windfall Lake gold deposit and is adjacent to Bonterra Resources’ Gladiator project.
Geotech Ltd., of Aurora, Ontario provided the final results of the helicopter borne VTEM™ (“Versatile Time Domain Electromagnetic”) Plus survey. Campbell & Walker Geophysics Ltd. have performed a preliminary analysis on the data collected by Geotech.
About the Survey:
The recently completed VTEM Plus survey was designed to provide modern high-resolution data over electromagnetic targets selected from publicly available low-resolution airborne surveys that covered a portion of the property. The review of the VTEM survey results indicates the presence of at least 19 distinct zones of anomalous conductivity. The anomalies vary in strike length from 150 m to over 1 km.
The results from the VTEM survey are encouraging, resulting in Secova initiating its winter exploration program. Exploration on the target areas will include prospecting, mapping, till sampling and ground geophysics. Longford Exploration’s James Rogers with Terrence Coyle, who is intimately familiar with the Windfall Lake district, are leading the initial exploration program at the Eagle River.
Figure 1: Secova Metal’s Eagle River Project indicating the 19 distinct anomalies identified from the VTEM airborne survey
To view an enhanced version of Figure 1, please visit: [http://orders.newsfilecorp.com/files/4999/29512_a1507218830042_90.jpg]
Secova’s Chairman & CEO, Brad Kitchen commented, “We are very pleased to have confirmed numerous anomalies on our wholly-owned Eagle River project. The airborne VTEM™ geophysical survey has provided us with information critical to identifying and confirming anomalies. Exploration of these anomalies may lead to quality drill targets in the near future. With all the activity coming from the Windfall Camp such as Osisko Mining continually intersecting positive drill results, increasing their drill program to 800,000 metres from 400,000 meters and publishing that they’ve increased their recently announced bought deal financing from $50,000,000 to $80,000,000, we have decided to act as quickly as we can to delineate these anomalies.”
Terrence Coyle, P. Geo., a consultant to the Company as well as a Qualified Person as defined by National Instrument 43-101, supervised the preparation of the technical information in this news release.
About Secova Metals Corp.
Secova Metals Corp. is a Canadian gold exploration company focused on building a strong asset base through exploration of undervalued gold projects in Canada. Management has demonstrated expertise in advancing gold exploration projects into acquisition targets, most notably in the province of Quebec. Secova has the exclusive right and option to acquire from Tres-Or Resources Inc. (“Tres-Or”), an undivided 65 right, title and interest in the contiguous Duvay/Chenier Gold Projects. Secova can earn up to 90 of the property (an additional 25 ownership) by funding a pre-feasibility study after the initial exploration expenditures to bring the property towards production. The Company has a total contiguous land package of 174 claims covering over 7,766 hectares (17,458 acres) of land. Duvay/Chenier is located in the Abitibi gold belt, one of Quebec’s premier mining jurisdictions. The Company has plans to advance the development of Duvay/Chenier as well as seek other avenues of growth through acquisition and mergers. The Company also has 100 ownership of the Eagle River project which is adjacent to and on-trend to several gold projects in the Windfall Lake district of Urban Barry in Quebec.
For more information on Secova Metals Corp. please contact info@secovametals.com, Tel: +1 604-558-5397 or visit the website at www.secovametals.com for past news releases, media interviews and opinion-editorial pieces by CEO and Chairman Brad Kitchen.
On Behalf of the Board of Directors,
SECOVA METALS CORP.
“Brad Kitchen”
Chairman, CEO and Director
Tel: +1 604-558-5397
info@secovametals.com
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.
This press release contains “forward-looking information” that is based on the Company’s current expectations, estimates, forecasts, and projections. This forward-looking information includes, among other things, statements with respect to the Company’s exploration and development plans. The words “will”, “anticipated”, “plans” or other similar words and phrases are intended to identify forward-looking information. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, level of activity, performance, or achievements to be materially different from those expressed or implied by such forward-looking information.
- Published in Mining, News Home, Secova Metals
Secova Closes Private Placement
Momentum Public Relations
Press Release: September 29, 2017
Vancouver, British Columbia–(Newsfile Corp. – September 29, 2017) – Secova Metals Corp. (TSXV: SEK) (FSE: N4UN) (OTC: SEKZF) (“Secova”) is pleased to announce that it has closed the non-brokered private placement financing previously announced on September 26, 2017 through the issuance of 16,292,981 flow-through units (the “FT Units”) issued at a price of $0.055 and 1,400,000 non-flow-through units (the “NFT Units) issued at a price of $0.05 for gross proceeds of $966,113. Each F-T and N-F-T Unit consists of one common share and one-half warrant that expires in 12 months.
The Units were issued on the terms previously announced and are subject to a four month plus one day hold period pursuant to applicable securities laws of Canada.
In connection with part of this financing, the Company paid finders’ fees of $77,289.12 in cash, issued 707,719 in common shares and 707,719 finder’s warrants (“Finders Warrants”) to EMD Financial Inc. Each Finder’s Warrants entitles the holder to acquire one additional share at an exercise price of $0.055 for a period of twelve months.
For more information on Secova Metals Corp. please contact Morgan Good, Secova’s President, at morgan.good@secovametals.com and Tel: +1 604-715-4751 or visit the website at www.secovametals.com for past news releases, media interviews and opinion-editorial pieces by CEO and Chairman Brad Kitchen.
On Behalf of the Board of Directors,
SECOVA METALS CORP.
“Brad Kitchen”
CEO, Director and Chairman
Tel: +1 604-506-7555
info@secovametals.com
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.
This press release contains “forward-looking information” that is based on the Company’s current expectations, estimates, forecasts and projections. This forward-looking information includes, among other things, statements with respect to the Company’s exploration and development plans. The words “will”, “anticipated”, “plans” or other similar words and phrases are intended to identify forward-looking information. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information.
- Published in Mining, News Home, Secova Metals
Secova Metals: Phase 1 Drill Program Nears Completion at the Duvay/Chenier Gold Project, Quebec
Momentum Public Relations
Press Release: September 26, 2017
Vancouver, British Columbia–(Newsfile Corp. – September 26, 2017) – Secova Metals Corp. (TSXV: SEK) (FSE: N4UN) (OTC: SEKZF) (“Secova”) is pleased to announce that the Phase 1 drill program at the Duvay/Chenier Project has just completed 18 holes since its inception in August and nears Phase 1 completion. The Phase 1 drill program has focused on three targets: 1) the northeast shear zone/strong induced polarization (IP) chargeability target; 2) the Duvay Zone Principal, and 3) coincident magnetic/electromagnetic (EM) and structural targets 2 kms northwest of the Zone Principal, near Lake Obalski.
The following describes the three primary targets on Secova’s first drill program at Duvay/Chenier:
NE shear zone/Strong IP anomaly
The program began with 5 holes testing the NE shear zone/strong IP chargeability target. This target is located approximately 400 m NE of the Duvay Zone Principal, in an area of relatively sparse historical work. The new drill tests of the NE shear zone have intersected encouraging thick deformed quartz veins (up to 5.4 m in the first hole, although true thickness remains unknown) and local semi-massive to massive sulfides. The most encouraging intersections have been sampled and shipped to the laboratory Techni-Lab Abitibi Inc. (a division of Actlabs, Ancaster, Ontario) with the first results anticipated in the next few weeks
Duvay Zone Principal
The drill was then moved to test the Zone Principal, where historical work extending back to the 1930s includes an old exploration shaft, underground galleries, numerous drill holes, and multiple bulk samples up to 1100 tonnes a piece. The bulk samples from the Zone Principal also reported intriguing results historically, including 3,300 tonnes in 1986 returning a weighted average concentration of 5.67 g/t Au (as reported in Québec assessment work report # GM47569). The current drill tests of the Zone Principal are designed to test northeast trending faults extending from the main Duvay shear.
Coincident mag/EM anomalies near Lake Obalski
After completion of the tests at the NE faults and the Zone Principal at Duvay, the drill moved to test multiple coincident magnetic/EM targets near Lake Obalski, 2 kms west-northwest of the Zone Principal. These tests are being completed now. The drill will then move back to the Zone Principal to complete the program.
Secova is very encouraged by the program to date, and looks forward to the next stage of advancing the project which will focus on large diameter drilling and bulk sampling at the Zone Principal to confirm the encouraging historical bulk sample results.
Other Corporate News
Secova also announces that it has arranged a non-brokered private placement of up to 18 million flow through units (“FTUnits) of the Company at a price of $0.055 per FT Unit and up to 2,000,000 non-flow-through units (“NFT Unit”) of the Company at a price of $0.05 per Unit for total gross proceeds of up to $1,090,000.
Each NFT Unit will consist of one common share and one-half (1/2) share purchase warrant. Each FT Unit will consist of one common share and one-half (1/2) share purchase warrant. Each Full Warrant will entitle the holder to purchase one additional common share of the Company at a price of $0.10 per share for a period of 12 months from closing.
All the securities will be subject to a four-month hold period from the date of closing. A finder’s fee may be payable, in accordance with the policies of the TSX Venture Exchange. The private placement is subject to the approval of the TSX Venture Exchange.
Proceeds of the private placement will be used to advance the Phase 2 exploration program which is planned to commence immediately after completion of Phase 1 at the Duvay/Chenier Project in Quebec, Canada. Proceeds will also be utilized to commence initial ground work at the Eagle River Project in Quebec, Canada, and for general working capital.
Secova is exploring the Duvay/Chenier Project under an option agreement with Tres-Or to earn a 65{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} interest by completing expenditures of $3.25 million by December 31st, 2018. Tres-Or is the Operator and provides logistical, technical and geologic services and reporting.
Laura Lee Duffett, P.Geo. and Harrison Cookenboo, Ph.D., P.Geo., OGQ, are the Qualified Persons as defined in NI 43-101, who have reviewed and are responsible for the technical information presented in this news release.
For more information on Secova Metals Corp. please contact Morgan Good, Secova’s President, at morgan.good@secovametals.com and Tel: +1 604-715-4751 or visit the website at www.secovametals.com for past news releases, media interviews and opinion-editorial pieces by CEO and Chairman Brad Kitchen.
On Behalf of the Board of Directors,
SECOVA METALS CORP.
“Brad Kitchen”
CEO, Director and Chairman
Tel: +1 604-506-7555
info@secovametals.com
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.
This press release contains “forward-looking information” that is based on the Company’s current expectations, estimates, forecasts and projections. This forward-looking information includes, among other things, statements with respect to the Company’s exploration and development plans. The words “will”, “anticipated”, “plans” or other similar words and phrases are intended to identify forward-looking information. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information.
- Published in Mining, News Home, Secova Metals
Tres-Or, Secova finish drilling 18 holes at Duvay
Momentum Public Relations
Press Release: September 26, 2017
Ms. Laura Duffett of Tres-Or reports
PHASE I DRILL PROGRAM NEARS COMPLETION AT THE DUVAY-CHENIER GOLD PROJECT, QUEBEC
Tres-Or Resources Ltd. and Secova Metals Corp. have completed 18 holes totalling more than 2,800 metres in length in the continuing phase I drill program at the Duvay-Chenier property since its inception in August. The companies near phase I completion. The Duvay-Chenier property covers almost 8,000 hectares in the heart of Quebec’s gold country, extending seven to 25 kilometres northeast of Amos, Que., and 65 km north of Val d’Or. Access to the site is by paved highway from Amos, and power lines extend onto the property. Several large operating mines occur in the region, including the Canadian Malartic mine and the LaRonde mine (Agnico Eagle’s flagship mine), which are located about 60 km south of the Duvay drill program.
The phase I drill program has focused on three targets: 1) the northeast shear zone/strong induced polarization (IP) chargeability target; 2) the Duvay zone principal; and 3) coincident magnetic/electromagnetic (EM) and structural targets 2.5 km northwest of the zone principal, near Lake Obalski.
First drill target: northeast shear zone/strong IP anomaly
The program began with five holes testing the northeast shear zone/strong IP chargeability target. This target is located approximately 400 m northeast of the Duvay zone principal, in an area of relative sparse historical work. The new drill tests of the northeast shear zone have intersected encouraging thick deformed quartz veins (up to 5.4 m in the first hole, although true thickness remains unknown) and local semi-massive to massive sulphides. The most encouraging intersections have been sampled and shipped to the laboratory Techni-Lab (Techni-Labs Abitibi Inc. (ISO/IEC 17025 (CCN Lab 707), MDDEP, a division of Actlabs based in Ancaster, Ont.) with the first results anticipated for the last week of September.
Second drill target: Duvay zone principal
The drill moved next to test the zone principal, where historical work extending back to the 1930s includes an old exploration shaft, underground galleries, numerous drill holes and multiple bulk samples up to 1,100 tonnes a piece. Historical drill results include highly enriched intervals, such as samples up to 403 grams per tonne gold over 0.36 m, 76.8 g/t over 0.46 m (as reported in 1945 a Quebec government mineral showing report GM08214), as well as more recent results of 34.6 g/t over 0.43 m, 12.01 g/t over 1.53 m, 27.17 g/t over 1.14 m and 16.598 g/t over 1.76 m in Quebec assessment report GM47594 (1989), and up to 83.2 g/t Au over 1.0 m in Tres-Or drilling from 2011.
Bulk samples from the zone principal also reported intriguing results historically, including 3,300 tonnes in 1986 returning a weighted average concentration of 5.67 g/t Au (as reported in Quebec assessment work report No. GM47569). The current drill tests of the zone principal are designed to test northeast-trending faults extending from the main Duvay shear. Samples from each of these eight drill holes have been submitted to Techni-Lab.
Third drill target: Coincident mag/EM anomalies near Lake Obalski
After completion of the northeast faults test at Duvay the rill moved to test multiple coincident magnetic/EM targets near Lake Obalski, 2.5 km west-northwest of the zone principal. These tests are being completed now. The drill will then move back to the zone principal to complete the program.
Tres-Or and Secova are very encouraged by the program to date and look forward to the next stage of advancing the project which will focus on large diameter drilling and bulk sampling at the zone principal to confirm the encouraging historical bulk sample results.
Tres-Or has optioned the Duvay-Chenier property to Secova to earn a 65-per-cent interest by completing exploration expenditures of $3.25-million by Dec. 31, 2018. Tres-Or is the operator and provides logistical, technical and geologic services and reporting.
Laura Lee Duffett, PGeo, and Dr. Harrison Cookenboo, PhD, PGeo, OGQ, are the qualified persons as defined in National Instrument 43-101, who have reviewed and are responsible for the technical information presented in this news release.
About Tres-Or Resources Ltd.
Tres-Or Resources is a Canadian resource company focused on exploring for gold, base metals and diamond resources in the Abitibi-Temiscamingue regions in northwestern Quebec.
About Secova Metals Corp.
Secova Metals is a Canadian gold exploration company focused on building a strong asset base through exploration of undervalued gold projects in Canada. Management has demonstrated expertise in advancing gold exploration projects into acquisition targets, most notably in the province of Quebec. Secova has the exclusive right and option to acquire from Tres-Or Resources an undivided 65-per-cent right, title and interest in the contiguous Duvay-Chenier gold project. Secova can earn up to 90 per cent of the property (an additional 25-per-cent ownership) by financing a prefeasibility study after the initial exploration expenditures to bring the property towards production.
We seek Safe Harbor.
© 2017 Canjex Publishing Ltd. All rights reserved.
- Published in Mining, News Home, Secova Metals
Secova Completes UAV-MAG(TM) Survey at the Duvay/Chenier and Better Defines Drill Targets
Secova Completes UAV-MAG(TM) Survey at the Duvay/Chenier and Better Defines Drill Targets
Momentum Public Relations
Press Release: July 26, 2017
Vancouver, British Columbia–(Newsfile Corp. – July 26, 2017) – Secova Metals Corp. (TSXV: SEK) (FSE: N4UN) (OTC: SEKZF) (“Secova” or the “Company“) is pleased to announce the completion of a UAV-MAGTM Survey flown by Pioneer Aerial on the Duvay/Chenier project (“Duvay”), located 15 km northeast of Amos, Quebec. The Company would also like to provide its investors, stakeholders and the public with additional details on the Duvay drilling program.
Pioneer Aerial Completes High-Resolution UAV-MAGTM Survey
The Company flew seven discrete survey blocks over priority areas to obtain high-resolution magnetic data. The data collected is currently being processed but preliminary data is already being utilized for the ongoing drill program. The detailed magnetic information will be integrated with existing information to further define structures which may host mineralization. Additionally, the information will be used to more precisely locate planned drill holes testing magnetic and structural targets on the Lake Obalski area of the Duvay/Chenier project in the current drilling campaign.
The high-resolution UAV-MAGTM survey was performed from July 6th – 14th and consists of 662 tightly spaced line kilometers in seven survey blocks representing priority areas of the property requiring detailed magnetic data. The survey measures the total magnetic intensity (TMI) with GPS readings at every 0.1 second (1 m) using an unmanned aerial vehicle (UAV). The plotted total magnetic values were corrected for diurnal variations using readings taken every 6 seconds by a synchronized local base station. Line spacing was 20 m with 150 m spaced tie lines. Final results are currently being processed and are expected within 10 days, and the Company is confident that further, previously untested areas on the Duvay/Chenier claims will provide further drilling targets for subsequent drill programs.
Duvay Exploration and Drilling Program
Phase 1 of the drilling program has commenced with drill and forest use permits having been received for the proposed work. The Phase 1 program comprises 3,500 metres of drilling targeting the high-priority Duvay Zone Principal, and extending northwest along the main Duvay Shear to exploration targets near Lake Obalski.. The Company plans prospecting, mapping, sampling and other surface work on additional targets within the property simultaneous with the drilling. Prospecting, mapping, and field inspection has commenced to define the most promising new targets for drilling.
A second phase of the exploration program has been recommended to follow the initial drill program, consisting of additional drilling (including large diameter drill holes) and bulk sampling, depending on the results of the first phase.
Harrison Cookenboo, Ph.D., P.Geo., APEGBC, NAPEG, APEGS, OGQ., a Qualified Person as defined by National Instrument 43-101, supervised the preparation of the technical information in this news release.
For more information on Secova Metals Corp. please contact info@secovametals.com, Tel: +1 604-558-5397 or visit the website at www.secovametals.com for past news releases, media interviews and opinion-editorial pieces by CEO and Chairman Brad Kitchen.
On Behalf of the Board of Directors,
SECOVA METALS CORP.
“Brad Kitchen”
Chairman, CEO and Director
Tel: +1 604-558-5397
info@secovametals.com
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.
This press release contains “forward-looking information” that is based on the Company’s current expectations, estimates, forecasts, and projections. This forward-looking information includes, among other things, statements with respect to the Company’s exploration and development plans. The words “will”, “anticipated”, “plans” or other similar words and phrases are intended to identify forward-looking information. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, level of activity, performance, or achievements to be materially different from those expressed or implied by such forward-looking information.
- Published in Mining, News Home, Secova Metals
Secova Commences Phase 1 Drilling Program at the Duvay/Chenier
Secova Commences Phase 1 Drilling Program at the Duvay/Chenier
Momentum Public Relations
Press Release: July 19, 2017
Vancouver, British Columbia–(Newsfile Corp. – July 19, 2017) – Secova Metals Corp. (TSXV: SEK) (FSE: N4UN) (OTC: SEKZF) (“Secova” or the “Company“) is pleased to announce that drill permits have all been received, and now commences the Company’s first drill program on the Duvay/Chenier Property (the “Property”), located 15 kms northeast of Amos, Quebec.
The Duvay/Chenier Project covers nearly 8,000 hectares, including more than a dozen historical gold showings. The most advanced of the showings are at Duvay, where more than 350 drill holes, a 96 m mine shaft, 275 m of underground workings, and more than 3,200 tonnes of bulk sampling has been reported since discovery in the 1930’s, as described in numerous assessment reports filed with the Quebec government. Gold occurs at Duvay in locally rich surface samples and drill intervals (e.g. 402 grams per tonne (g/t) gold over 0.36 m, 76.8 g/t gold over 0.46 m, 83.194 g/t gold over 1.0 m and 27.17 g/t gold over 1.14 m) along a regionally significant shear zone (the Duvay main shear) that extends for 2 km to the northwest to Lake Obalski, and for 4 km to the southeast to the Standard Gold Mine shaft (off the Property).
Secova’s Chairman and CEO Mr. Brad Kitchen commented, “The Company has worked hard to build the first 3D model of the Duvay gold mineralization that incorporates the extensive historic information and new exploration data. From this 3D model, we have now developed a systematic and robust exploration plan that takes into consideration all the various aspects of Duvay. Phase 1 will consist primarily of drilling identified zones of mineralization and various structural anomalies. Concurrent with this drilling, data from new ground and airborne exploration will enable Phase 2 to commence almost immediately after completion of this first drill program.“
1) Known gold bearing structures and quartz veins at the Duvay Zone Principal
A majority of the richest gold intervals intercepted historically at Duvay are hosted in quartz veins associated with the northeast trending faults extending from the main shear. These historic results include the drill intersection of 83.194 g/t gold over 1.0 m (50.0 to 51.0 m depth) comprising visible gold from a sub-horizontal quartz vein 0.5 m thick. These gold occurrences associated with northeast trending faults and their host quartz veins will be the target of drilling within the Duvay Zone Principal. Phase 1 Plan: 10 drill holes for 1250 m total.
2) New geophysical anomalies interpreted from Secova’s proprietary 3D Power IP ground survey
Secova contracted Abitibi Geophysics to conduct their innovative and effective IPower-3D ground geophysical survey, which identified a strong chargeability anomaly 300 to 400 metres north of the main Duvay shear. This anomaly is the most significant of the 6 cigar-shaped tubes which this IPower-3D program identified. The anomaly will be the target of priority drill holes in this area seeking to extend Duvay mineralization to the north. Phase 1 Plan: 5 drill holes for 1250 m total.
3) Untested, coincident magnetic and electromagnetic targets associated with the extension of the main Duvay shear zone towards Lake Obalski.
The previously untested magnetic and electromagnetic anomalies were originally identified from an airborne geophysical survey flown by helicopter in 2012 and confirmed by ground magnetics later that same year. These targets are also associated with northeast trending faults, as interpreted from the magnetics, and are covered by recent sediments. Phase 1 Plan: 6 drill holes for 1000 m total.
New high-resolution airborne magnetic survey
Secova has commenced high-resolution airborne magnetic surveys over selected priority targets outside the main Duvay mineralization area. These priority targets include planned drill targets near Lake Obalski, as well as new exploration areas where further ground work will commence this summer. Magnetic sensors for these high-resolution surveys are being flown by drone aircraft, at low altitudes and tight line spacings (20 m) to give the maximum resolution. Pioneer Aerial Surveys Ltd. of Regina, Saskatchewan, has been contracted to fly approximately 700 line kilometres of drone surveys. The surveys are expected to allow detailed interpretation of structures and magnetic anomalies to assist in identifying the most favourable location for follow-up drilling this year.
Tres-Or Resources Ltd., the underlying property owner, is operating the field program at Duvay.
The Company is also pleased to announce it has granted 14,300,000 stock options to certain directors, officers and consultants of the Company. The stock options have an exercise price of $0.05 per common share under the terms of the Company’s Stock Option Plan.
Harrison Cookenboo, Ph.D., P.Geo., APEGBC, NAPEG, APEGS, OGQ., a Qualified Person as defined by National Instrument 43-101, supervised the preparation of the technical information in this news release.
For more information on Secova Metals Corp. please contact info@secovametals.com, Tel: +1 604-558-5397 or visit the website at www.secovametals.com for past news releases, media interviews and opinion-editorial pieces by CEO and Chairman Brad Kitchen.
On Behalf of the Board of Directors,
SECOVA METALS CORP.
“Brad Kitchen”
Chairman, CEO and Director
Tel: +1 604-558-5397
info@secovametals.com
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.
This press release contains “forward-looking information” that is based on the Company’s current expectations, estimates, forecasts, and projections. This forward-looking information includes, among other things, statements with respect to the Company’s exploration and development plans. The words “will”, “anticipated”, “plans” or other similar words and phrases are intended to identify forward-looking information. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, level of activity, performance, or achievements to be materially different from those expressed or implied by such forward-looking information.
- Published in Mining, News Home, Secova Metals
Secova Metals Conducting Phase 1 Exploration Program at the Eagle River Project in the Windfall Lake Gold District
Secova Metals Conducting Phase 1 Exploration Program at the Eagle River Project in the Windfall Lake Gold District
Momentum Public Relations
Press Release: July 6, 2017
Vancouver, British Columbia–(Newsfile Corp. – July 6, 2017) – Secova Metals Corp. (TSXV: SEK) (FSE: N4UN) (OTC: SEKZF) (“Secova” or the “Company“) announces that it has commenced its initial exploration program on its 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} owned Eagle River Project in Quebec, Canada, which is located southeast of Osisko Mining’s Windfall Lake gold deposit and is adjacent to Bonterra Resources Gladiator project. The work started with a high-resolution helicopter borne VTEM™ (“Versatile Time Domain Electromagnetic”) Plus survey being flown by Geotech Ltd., of Aurora, Ontario.
Longford Exploration Services’ (“Longford”) geophysical consultants recently interpreted, from government regional electromagnetic (“EM”) surveys, several key areas with high concentrations of anomalies on a portion of the Eagle River project. The government survey covered 8540 hectares of the whole project. The Company quickly assembled Geotech’s crew to start and have already completed the VTEM™ Plus survey which consisted of a 940 line kilometre survey at 100m line spacing over a key area of the project.
Geotech’s field QA/QC procedures ensure that only the highest quality data is accepted. The project is currently in the Data Processing phase. The final processed survey data once received, will be interpreted along with existing geophysical data and priority targets will then be ground tested with applicable high-resolution ground geophysics, geological mapping and sampling to identify potential trenching and drill targets.
Secova Metal’s Eagle River Project — area shown where VTEM™ Plus has just completed the airborne survey
To view an enhanced version of this map, please visit:
https://orders.newsfilecorp.com/files/4999/27807_a1499286896385_15.jpg
“We are very pleased to have commenced the Company’s exploration on its wholly-owned Eagle River project. The airborne VTEM™ Plus geophysical program will provide us with exciting information critical to defining quality drill targets. Geophysical, electromagnetic, magnetic and induced polarization techniques have proven to be important tools for exploring the Urban Barry area, specifically with the Windfall Lake gold project. This is Secova’s first step in evaluating the Eagle River project and a critical step in defining potential drill targets to test the anomalies.” stated Chairman & CEO Brad Kitchen.
About Geotech’s Proprietary VTEM™ Plus System
- VTEM™ system has the proven power, sensitivity and vertical resolution for mineralized targets ranging in size, massive sulphides to discrete disseminated sulphides, as well as has a depth of investigation of ~550m in this area.
- Low Base Frequency (30Hz) for penetration through conductive cover.
- This system is advertised to be able to delineate potential drill hole targets from the airborne results.
- The system is very well suited for the type of Au-bearing, sulphide mineralized stringer-stockwork and structurally controlled gold mineralization within this gold district.
For more information on Secova Metals Corp. please contact info@secovametals.com, Tel: +1 604-558-5397 or visit the website at www.secovametals.com for past news releases, media interviews and opinion-editorial pieces by CEO and Chairman Brad Kitchen.
On Behalf of the Board of Directors,
SECOVA METALS CORP.
“Brad Kitchen”
Chairman, CEO and Director
Tel: +1 604-558-5397
info@secovametals.com
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.
This press release contains “forward-looking information” that is based on the Company’s current expectations, estimates, forecasts, and projections. This forward-looking information includes, among other things, statements with respect to the Company’s exploration and development plans. The words “will”, “anticipated”, “plans” or other similar words and phrases are intended to identify forward-looking information.Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, level of activity, performance, or achievements to be materially different from those expressed or implied by such forward-looking information.
- Published in Mining, News Home, Secova Metals
Secova Metals Acquires Osisterra Project and Further Increases Its Land Position in Windfall Lake Gold District
Secova Metals Acquires Osisterra Project and Further Increases Its Land Position in Windfall Lake Gold District
Momentum Public Relations
Press Release: June 6, 2017
Vancouver, British Columbia–(Newsfile Corp. – June 6, 2017) – Secova Metals Corp. (TSXV: SEK) (FSE: N4UN) (OTC: SEKZF) (“Secova” or the “Company“) is pleased to announce that the Company has acquired 1106541 B.C. Ltd., a private B.C. Company which sole asset is the Osisterra Project (“Osisterra”) that consists of 30 claims or 1,694 contiguous hectares, adjacent to it’s Eagle River project which is on-trend to the Windfall Lake, Urban Barry and the Gladiator gold projects.
This brings the Company’s total contiguous land position at Eagle River to 21,472 hectares making Secova one of the largest land holders in the district behind Osisko Mining. The Osisterra Project has had exploration on the property dating back to 1977 including mapping, airborne geophysical surveys and some drilling.
Secova’s Chairman and CEO, Brad Kitchen commented, “Secova has taken advantage of this opportunity to acquire the Osisterra claims that are directly adjacent to both the south of Osisko Mining’s Windfall Lake Camp, and to the west of Bonterra’s Gladiator project, hence its name, ‘Osisterra’. This parcel of land represents a critical piece of the puzzle for Secova and its extensive exploration plans for the Windfall Lake gold district. Management feels that this will be the Company’s last acquisition in this region before exploration commences on the Eagle River properties shortly. The Company has more than sufficient capital to accommodate its budget for the Duvay/Chenier drilling program as well as its initial Phase 1 exploration program at Eagle River.”
The acquisition is an arms-length transaction in which the Company will issue 10 million common shares by way of a share exchange agreement. The acquisition transaction contemplated herein are subject to final TSX Venture Exchange approval.
About Secova Metals Corp.
Secova Metals Corp. is a Canadian gold exploration company focused on building a strong asset base through exploration of undervalued gold projects in Canada. Management has demonstrated expertise in advancing gold exploration projects into acquisition targets, most notably in the province of Quebec. Secova has the exclusive right and option to acquire from Tres-Or Resources Inc. (“Tres-Or”), an undivided 65{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} right, title and interest in the contiguous Duvay/Chenier Gold Projects. Secova can earn up to 90{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the property (an additional 25{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} ownership) by funding a pre-feasibility study after the initial exploration expenditures to bring the property towards production. The Company has a total contiguous land package of 174 claims covering over 7,766 hectares (17,458 acres) of land. Duvay/Chenier is located in the Abitibi gold belt, one of Quebec’s premier mining jurisdictions. The Company has plans to advance the development of Duvay/Chenier as well as seek other avenues of growth through acquisition and mergers. The Company also has 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} ownership of the Eagle River project which is adjacent to and on-trend to several gold projects in the Windfall Lake district of Urban Barry in Quebec.
For more information on Secova Metals Corp. please contact info@secovametals.com, Tel: +1 604-558-5397 or visit the website at www.secovametals.com for past news releases, media interviews and opinion-editorial pieces by CEO and Chairman Brad Kitchen.
On Behalf of the Board of Directors,
SECOVA METALS CORP.
“Brad Kitchen”
Chairman, CEO and Director
Tel: +1 604-506-7555
brad.kitchen@secovametals.com
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.
This press release contains “forward-looking information” that is based on the Company’s current expectations, estimates, forecasts, and projections. This forward-looking information includes, among other things, statements with respect to the Company’s exploration and development plans. The words “will”, “anticipated”, “plans” or other similar words and phrases are intended to identify forward-looking information. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, level of activity, performance, or achievements to be materially different from those expressed or implied by such forward-looking information.
- Published in Mining, News Home, Secova Metals
Secova Metals 50-million-share private placement
Secova Metals 50-million-share private placement
– Momentum Public Relations –
Press Release: March 30, 2017
The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced on Feb. 22, 2017.
Number of shares: 50 million shares
Purchase price: five cents per share
Warrants: 50 million share purchase warrants to purchase 50 million shares
Warrant exercise price: eight cents for a two-year period
Number of placees: 142 placees
Insiders: P. Bradley Kitchen, 1.69 million shares; Morgan Good, 1.25 million shares
Finders’ fees: David Vincent receives 2,090,400 shares and 2,090,400 non-transferable warrants. Jonathan Williams receives $2,000 and 40,000 non-transferable warrants. Mark Turcotte receives $12,800 and 256,000 non-transferable warrants. Jean-David Moore receives $15,720 and 314,400 non-transferable warrants. Haywood Securities Inc. receives $6,000 and 120,000 non-transferable warrants. Canaccord Genuity Corp. receives $400 and 8,000 non-transferable warrants. Mackie Research Capital Corp. receives $400 and 8,000 non-transferable warrants. The warrants are exercisable for one share at a price of five cents for one year.
© 2017 Canjex Publishing Ltd. All rights reserved.
- Published in Mining, News Home, Secova Metals
Gold as a safe haven may become the investment of choice
A Tale of Two Budgets With a Soupcon of Fake News and Science
The Trudeau Government released its budget on March 22nd and for the most part business has nothing to fear. In some cases business even has something to quietly cheer about. Seen this way from a business point of view the budget is a success. Trump revealed his first budget proposals on March 16th with details to follow later in the spring. In his budget proposals Trump has slashed spending on scientific research and a host of social support networks, both domestic and international. In the March 17th edition of British newspaper The Telegraph, Ambrose Evans-Pritchard described the budget thusly:
“This is how the U.S. hands over leadership of 21st century technology to Asia. It is superpower suicide.”
For those who are unfamiliar with The Telegraph it is a reputable publication.
Even republicans are railing against the budget cuts and former house speaker Newt Gingrich has called the cuts to science idiotic. Among the bodies buried in Trump’s proposals include many academic corpses. He plans to reduce scientific research funding to 300 universities as well as entirely eliminating research into new energy sources. Any research into climate change is being eliminated. The Environmental Protection agency has had its budget slashed and under Trump’s budget proposals America will no longer participate in cleaning up the Great Lakes.
Among Trump’s campaign promises was one which promised to spend on infrastructure. As Canadians well know, infrastructure investment is a Jim Dandy way to stimulate the economy and make doing business easier. There is no mention in Trump’s budget proposals for rebuilding aging highways to make shipping goods faster and more efficient. Instead the Department of Transportation budget is being cut by 14{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} and the TIGER program designed to fast track road, bridge and railway rebuilding has been eliminated. America is already losing its intellectual advantage. In 2014 China filed 928,177 patent applications and America filed 578,802.
Meanwhile, back in Canada, the Trudeau government has acted wisely, despite what the opposition parties have to say. Tax increases have been minor to say the least. Alcohol is going up by two percent and the public transport tax credit is being abolished. The much feared taxes on the rich and on capital gains have been put on the back burner until Trump reveals just how kind he is going to be to his friends in the business world when it comes to tax cuts. The Morneau budget has promised $1.18 billion on innovation and skills training, half of which has already been announced. It includes the creation of a new agency, Innovation Canada, at a cost of $950 million over five years to help create “superclusters” and advance the digital revolution in manufacturing.
Whether or not these policies will actually work is a moot question but the point is that the Trudeau government is trying to do something to prepare Canada to play a role in the digital science-based economy of the future. Trump on the other hand is doing his best to pretend that science, research and development are not a necessary economic engine in the digital age. Compared to our American neighbours Canadians can count themselves lucky. While the Canadian government is attempting to prepare Canada for the future, Trump’s America is retreating from it.
This brings us to another point. The woefully ignorant Trump was elected on a background of fake news. Whether or not the fake story about Clinton being involved with a paedophile ring operating out of tunnels underneath a pizza joint or similar alternate truth stories swung the election in Trump’s favor is anybody’s guess. One might ask the same question about the Brexit vote in Britain. How much did fake news, stories drummed up by the tabloids looking for headlines to sell newspapers queer the vote?
For decades British newspapers like the Daily Mail have been publishing fake stories about how the bureaucrats in Brussels have been destroying British life. One such story detailed how British waitresses would have to cover up their cleavage because EU regulations stated that agricultural workers should not be exposed to sunburn. In a brief aside my favorite headline in this category is “Bikini Clad Nuns Frolic in Five Star Convent.”
If Donald Trump was largely elected on the basis of fake news then the Brexit vote in Britain was much the same. The results of all this, the big lie if you will, will be very real. Scotland is threatening to hold another independence referendum because of Brexit. In Canada we know too well how political instability leads to economic flatlining. One of the top two financial centres of the world, the City of London, which contributes 12{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of Britain’s GDP may lose up to 100,000 jobs by 2020, early analysis indicated. British research and science is going to take a massive hit as well. Once Britain leaves the EU it will no longer be eligible for grants from the European Research Council. From 2014 to now Britain has won 4,400 grants which totaled 22{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the funding granted by the European Research Council worth 1.11 billion pounds.
When you consider the scare effect Trump’s travel ban has on the international community you should remember that it also extends to students and scientists. A new academic model has been emerging in the research world and that is collaboration. Roughly 12{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the scientists working on European grants in Britain were from other countries. Being able to play together well in the sandbox, it appears, contributes to scientific progress. Canada may well benefit from this situation if the government can lay the proper groundwork. Like everyone else scientists like stable funding, something which is going by the board in both the UK and the US. European grants were responsible for three quarters of the increase in scientific budgets in the UK. In last year’s Canadian budget the Natural Sciences and Engineering Research Council of Canada, the Canadian Institutes of Health Research and the Social Sciences and Humanities Research Council all had their budgets increased. Canadian universities have reported that they are seeing an increase in applications from foreign students. The groundwork has been laid for Canada to shine scientifically. Let’s hope that the government is wise enough to take advantage of the situation and that as a result Canadian researchers can go on an international recruiting spree. If there is one thing that Canadians can do it is play with others in the global sandbox.
One of the big questions that remains to be answered is just how Trump’s presidency will play out economically. After he became the winner Wall Street rejoiced at the prospect of less regulation and fewer taxes. Will the Trump Bump remain is the big question. His inability to craft a travel ban that can pass judicial scrutiny has led to a brief market correction. Whether or not he can pass his healthcare proposals, the dismantling of Obamacare will be another bellwether. As will be his budget proposals. If they become long drawn out affairs with rebellious republicans splintering the party and these include both those who think he has gone too far and those who think he hasn’t gone far enough, business will doubt that he can make good on his promises. Gold as a safe haven may become the investment of choice.
By Noel Meyer
- Published in Blog, Canamex Resources Corp., Enforcer Gold Corp, Mining, News Home, Sage Gold, Secova Metals