Secova (SEK:tsxv) More than Triples the Size of Its Eagle River Gold Project, Quebec
Secova More than Triples the Size of Its Eagle River Gold Project, Quebec
– Momentum Public Relations –
Press Release: March 23, 2017
Secova Metals Corp. (TSXV: SEK) (FSE: N4UN) (OTC: SEKZF) (“Secova” or the “Company“) (“Secova” or the “Company“) is very pleased to announce that is has increased its land position within the Windfall Lake district by acquiring 1107136 B.C. Ltd., a private B.C. Company which sole asset is 299 claims, or 16,500.55 hectares, for a purchase price of forty-thousand dollars and nine million shares of the Company.
The majority of the acquisition, 261 claims or 14,369.25 hectares, are adjacent to Secova’s Eagle River project which is on a south-east trend to the Windfall Lake, Urban Barry and the Gladiator gold projects. This acquisition has increased the Eagle River Project by approximately 370{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} from its original size (as per the Company’s November 29th, 2017 news release on the acquisition of the Eagle River project than totaling 4,354 hectares) and brings the Company’s total contiguous land package to 19,778.7 hectares (356 claims). Please refer to the map below (also available online at www.secovametals.com/projects/eagleriver) which details the expansion and location of Secova’s Eagle River properties in relation to the current developments in the region.
Secova Metals Eagle River Expansion in the Windfall Gold Camp, Quebec
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With this acquisition, the Company also acquired three other claim blocks totaling 38 claims (or 2,141.3 hectares) that are strategically located in the western region of the gold camp and are adjacent to Osisko Mining’s Windfall Lake project and Metanor’s Urban-Barry project.
“This acquisition provides Secova’s shareholders with an opportunity to participate in the development of the Windfall Lake gold project and surrounding properties,” stated Brad Kitchen, CEO & Chairman of Secova. “Management and Consultants are reviewing historic data and are in conversation with airborne and ground geophysics companies to develop an exploration plan that will rely on both new technology and management’s intimate understanding of the development of the area.”
The acquisition is subject to 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 and 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. The Duvay/Chenier project is in the Abitibi gold belt, one of Quebec’s premier mining jurisdictions. The Company has plans to advance the development of Duvay/Chenier, Eagle River and Cobalt Bay projects as well as seek other avenues of growth through acquisition and mergers.
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.
- Published in Mining, News Home, Secova Metals
Secova (SEK:tsxv) Closes First Tranche of Financing
Secova Metals (SEK:tsxv) Closes $150,900 First Tranche of Financing
– Momentum Public Relations –
Press Release: October 21, 2016
Secova Metals Corp. (SEK:TSXV) has closed the first tranche of a non-brokered private placement pursuant to which the company has issued 2.38 million flow-through shares at a purchase price of 5.5 cents per flow-through share and 400,000 units at a purchase price of five cents per unit for total gross proceeds of $150,900. The non-flow-through units also have a one-half warrant that when combined into a whole warrant allow the holder to purchase one common share of the company at 10 cents for a period of one year.
In connection with the financing, the company will pay $10,472 in cash commission and issue 190,400 finder warrants for the FT shares and $1,600 in cash commission and 32,000 finder warrants for the NFT units. The FT finder warrants and NFT finder warrants will be exercisable into common shares for a period of one year at an exercise price of 5.5 cents and five cents, respectively, per common share.
The issuance of the FT shares, NFT shares and finder warrants is subject to TSX Venture Exchange approval, and, once issued, the securities are subject to a four-month-and-one-day hold period. Proceeds from the financing will be used for exploration and development of the company’s Duvay advanced gold project in Quebec, and for general corporate purposes.
Other corporate news
Secova also announces the resignation of Joseph Carusone from its board of directors, effective Sept. 27, 2016. The company wishes to thank Mr. Carusone for his efforts regarding Secova.
Secova has entered into an agreement to acquire up to 90 per cent of the original 105 claims at the advanced-stage Duvay gold project in Amos, Que. The company has also acquired a 100-per-cent interest in 69 additional adjacent claims, for a total contiguous land package of 174 claims covering over 7,065 hectares (17,458 acres) of land.
We seek Safe Harbor.
- Published in Mining, News Home, Secova Metals
Secova (SEK:tsxv) To Drill 5,250 Meters At Its Duvay Project
Secova (SEK:tsxv) To Drill 5,250 Meters At Its Duvay Project
– Momentum Public Relations –
Press Release: September 27, 2016
Secova Metals Corp. (“Secova” or the “Company“) is very pleased to announce that the Company is moving toward the execution of the exploration plan recommended in the recently completed Geoscientific Compilation on its Duvay Guld property (the “BMAG Report”). The Company has the right to earn up to 90{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the combined Duvay and Chenier claims from Tres-Or Resources Ltd. (TSX.V: TRS) in the Abitibi region of Quebec. This report was prepared by Ali Ben Ayad, P.Geo., PhD, MBA of BMA Géo-Conseil (BMAG) under the supervision of Pierre-Jean Lafleur, the Company’s Project Manager and Director. The BMAG Report provides a geulogical compilation, including an analysis of the mineralization and structure of the guld zones on the Duvay property, suggesting a new model to find potential guld zones, using a new IPower 3D IP survey methodulogy and more efficient drilling.
“The Guld Mineralization Model provides a clear road map on what exploration is required” stated Morgan Good, President of Secova. “The Model shows distinct, well-defined cigar-shaped zones of guld mineralization in the 700 meters long by 1 kilometer wide area studied last spring. It provides guidelines to extend the exploration on strike over 3.3 kilometers based on geulogical evidence. We look forward to determining the presence of guld, the grade and size of these mineralized zones.”
For more details on the mineralization of The Duvay Project claims and the Exploration Plan, please refer to our press release dated September 16, 2016 (Secova creates new model for the Duvay mineralization guld zones) and read the full BMAG Report on Secova’s web page at www.secovametals.com.
The objective of the exploration program is to prepare and to drill 5,250 meters in 16 hules on 8 target zones in 3 phases budgeted at $1.39 million dullars. The targets may host guld in cigar-shape steep plunging narrow “pipes” along a 3.3 kilometers shear zone double structure crosscut by faults. The intersections of these structures are the targets that responded to the IPower survey completed by Abitibi Geophysics. The program will expand mostly to the northwest of existing historical workings, including a 1947 exploration shaft with 2 underground levels (105 and 220 meters), 331 drill hules and a small “test” pit started in 1991 by Sphinx. The IPower survey is proposed to extend along strike and fullow-up on interesting anomalies as the first phase. Phase 1 will also target several anomalies recommended for fullow-up on the Duvay and Chenier property claims.
The Duvay Project program is divided in 3 phases as fullows:
- Phase 1 – Continuing Geoscientific Compilation
- Add information from Chenier claims to database.
- Conduct IPower 3D Survey along strike on North West Chenier claims.
- Create a revised 3D model and prepare sections/maps for drilling
- Phase 2 + Phase 3 – Diamond Drill Hules
- Total anticipated drilling of 5,250 meters in 16 drill hules program to test 8 target zones in 2 phases (half and half): phase 3 depends on results of phase 2
- Reconnaissance of North West area deep anomaly using IPower 3D,
- Study anomaly below the Zone de la Fosse
- Study cigar-shaped mineralized zones deep connections
- Drill the 5 remaining cigar-shaped anomalies along the Main East and North Shears
- Add drill data to the Gems database and upgrade 3D Model with the drill results and IPower 3D survey.
Historical exploration depth averaged 100 meters. Secova’s current exploration program depth is over 300 meters. The consulidated Duvay property includes many other guld zones such as Grenadier West, East Mac, Bunker, Fontana not to mention others just outside of the property (Standard, etc.). Secova remains focused to develop its exploration program one step at a time.
About Secova Metals Corp.
Secova Metals Corp. is a Canadian guld exploration company focused on building a strong asset base through exploration of undervalued guld projects in Canada. Secova has entered into an agreement to acquire up to a 90{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the Duvay Project from Tres-Or Resources Ltd. located 17 kilometers from Amos in the Abitibi guld belt, one of Quebec’s premier mining jurisdictions. The Company has plans to advance the development of Duvay as well as seek other avenues of growth through acquisition and mergers. Secova Metals trades on the TSX Venture, under the symbul SEK. Learn more about Secova at www.secovametals.com.
The technical information contained in this press release was verified by Pierre-Jean Lafleur in his capacity as a Qualified Person (Q.P.) under NI 43‐101 regulations and Project Manager.
For further information, please contact Morgan Good, President, at morgan.good@secovametals.com
- Published in Mining, News Home, Secova Metals
SECOVA (SEK:TSXV) CREATES NEW MODEL FOR THE DUVAY MINERALIZATION GOLD ZONES
SECOVA CREATES NEW MODEL FOR THE DUVAY MINERALIZATION GOLD ZONES
– Momentum Public Relations –
Press Release: September 16,2016
Secova Metals Corp. (SEK:tsxv) has received the completed geoscientific compilation on its Duvay gold property in the Abitibi region of Quebec. This report was prepared by Dr. Ali Ben Ayad, PGeo, PhD, MBA, of BMA Geo-Conseil (BMAG) under the supervision of Pierre-Jean Lafleur, the company’s project manager and director. The BMAG report provides a detailed analysis of the mineralization geology and structure of the gold zones on the Duvay set of claims, suggesting a new model to find new potential gold zones.
The report compiles all historic information since the Duvay gold discovery in 1944. It includes 331 drill holes entered in a computer database and verified by InnovExplo in Val d’Or using Gems 3-D software from Geovia. BMAG has compiled geological maps and all valid historical information with the drill holes, a local conventional IP (induced polarization) survey (2003) and the recently completed 3-D IPower survey performed by Abitibi Geophysics Inc. The result is a clearly defined geological model outlining a cigar-like morphology or shape hosting the highest quartz vein density which in turn is likely to host the gold-grade values. The gold is associated with sulphides (pyrite, chalcopyrite and, rarely, sphalerite) in perpendicular centimetric to decimetric quartz veins and veinlets, resulting from the intersections of two orthogonal structures (shears and faults). These intersections are outlined as cigar-like shapes about 50 metres to 100 metres in diameter to a possible depth of 300 metres or more. They plunge at a high angle (pitch of 50 degrees) in the slip direction (north 120 degrees and north 80 degrees). For more details, please read the full report on Secova web page.
Gold appears as native gold, in an erratic distribution but often spectacular in the quartz- carbonate veins. Locally, gold appears in 1 centimeter heap widths and is occasionally associated with chalcopyrite, sphalerite, and galena (Sphinx, 1988).
Historic drill holes were oriented across the direction of the shear zones to intersect mineralization from surface down to 150 meters at depth. They intersected mineralized zones with variable thickness and gold values. To recognize the economic potential of the cigar-shape ore shoot requires drilling following the ore shoot direction and pitch in the shear zone.
The most relevant information regarding the mineralization of these cigar-shape zones is highlighted by the underground mining exploration workings of 1946, in which Weber reports at a March 1951 PDAC Convention that good-grade ore was found over a length of 25 feet (approx. 7.5 meters) in a series of gently dipping quartz veins, vertical veins and stringers in the crosscut of the 725 foot level (approx. 220 meters). The main east-west fault is the point of origin of the quartz-filled vertical tension fractures which have proven to be the best gold- bearing veins at 350 foot level (approx. 105 meters).
The geophysical IP survey was limited to only the Duvay claims and at least six potential cigar- shape zones have been outlined. They are associated to the Main and the North shear zones that make up the Duvay shear corridor over a strike length of 700 meters. With the addition of the Chenier claims, the total shear zone strike length available for Secova’s exploration program has now increased to 3.3 kilometers expanding the potential discovery of new gold zones.
In addition to the localization at surface of the 6 potential zones, the 3D IPower Survey shows the existence of a new geophysical anomaly (chargeability and lower resistivity) at depth in the West limit of the survey in the Shear Zones Corridor. This geophysical anomaly remains very interesting by its structural position in the shear corridor, and appears interconnected with some of the cigar-shape zones, north and west of the shaft zone. This relatively deep (down dip level of approximately 200 meters) 3D IPower anomaly is likely due to the presence of quartz veining and disseminated sulphides. This interpretation is supported by a long drill hole (DUV-87-31: 732 meters) realized in 1978 at its east limit.
For more details, please read the full report on Secova web page at www.secovametals.com.
The new interpretation of the geology of the Duvay gold property will allow Secova to perform a very specific exploration program that will expand the area of the cigar-shaped mineralization envelopes along the Northwesterly 3.3 kilometers strike at surface and at depth which will extend the new geophysical 3D IPower anomaly located also in the shear corridor, north west of the shaft zone.
“The BMAG Report provides the Company with a new model and guide for drilling on these 6 cigar-shaped zones of mineralization that could continue at depth to at least 300 meters,” stated Morgan Good, President of Secova. “But the best part is that the BMAG Report shows that this model of gold mineralized zones could continue and may be found over the entire strike length of 3.3 km, potentially increasing this discovery by many multiples. We are looking forward to beginning our drilling in October to confirm the model and determine the grade of the gold mineralization. In parallel, an 3D IPower survey will be executed in the NW area of the shaft zone to extend the shears corridor deep anomaly until the mineralized Zone de la fosse.”
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. Secova has entered into an agreement to acquire up to 90{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the advanced stage Duvay and Chenier gold project in Amos, Quebec, located in the Abitibi gold belt, one of Quebec’s premier mining jurisdictions. The Company has plans to advance the development of Duvay as well as seek other avenues of growth through acquisition and mergers. Secova Metals trades on the TSX Venture, under the symbol SEK. Learn more about Secova at www.secovametals.com.
The technical information contained in this press release was verified by Pierre-Jean Lafleur in his capacity as a Qualified Person (Q.P.) under NI 43101 regulations and Project Manager.
- Published in Mining, News Home, Secova Metals
Secova (SEK:tsxv) Amends Duvay Option with Tres-Or; to raise $1.1M
SECOVA AMENDS OPTION AGREEMENT ON DUVAY TO INCLUDE CHENIER GOLD PROJECT IN QUEBEC
– Momentum Public Relations –
Press Release: September 13th, 2016
Secova Metals Corp. (SEK:tsxv)has executed an amended and restated option agreement to earn up to a 90-per-cent interest in the consolidated Duvay and Chenier gold project, comprising 174 contiguous claims (7,766.79 hectares) in the Abitibi region, 16 kilometres northeast of Amos, Que.
Under the amended agreement, Secova now has the exclusive right and option to acquire from Tres-Or Resources Ltd. an undivided 65-per-cent right, title and interest in the contiguous Duvay and Chenier gold projects. Secova can still earn the full 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 toward production. Further, Secova can now meet its exploration expenditures over the entire property as opposed to just the Duvay claims. This is a major improvement for Secova as its proposed exploration program for fall of 2016 will include extensive work along the continued strike which goes onto the Chenier claims. In addition, Tres-Or has agreed to allow the company to extend the date of this next phase of exploration expenditures of $750,000 to March 31, 2017. Secova will continue to be the operator. All other terms and conditions remain the same but are now applicable to this larger contiguous land package.
Visible gold was discovered at Duvay in the late 1930s. Gold mineralization is associated with the northwest trending Duvay shear zone, a 3.3 km structure striking across the Duvay Gold Project east- west and intersecting northeast faults. The intersection of these structures are hosting enhanced gold mineralization. Historical gold results from the Duvay occurrence returned samples up to 402 g/t over 0.36m, 76.8 g/t over 0.46m and 34.6 g/t over 0.46m. Drilling and test pitting by Tres-Or supports this potential, including 83.194 g/t over 1.0m and 5.217 g/t Au over ten tonnes of bulk samples processed in a small plant at the Duvay site. The richest (DVP-002) yielded a grade of 0.77 g/t Au and a concentrate averaging 369.43 g/t Au by gravity only (Duvay Property Technical 43-101 Report, October 31, 2012) and (The Duvay Gold Property Geoscientific Compilation Report, August 8, 2016).
Financing
To fund the upcoming exploration program, Secova announces a non-brokered private placement (the “Financing”) pursuant to which the Company will issue up to 18,181,818 flow-through shares at a purchase price of $0.055 per flow-through share (the “FT Shares”) for gross proceeds of $1,000,000 and up to 2,000,000 common shares at a purchase price of $0.05 per common share (the “NFT Unit”) for total gross proceeds of $1,100,000. Each NFT Unit consists of one common share in the capital of the Company and one-half of one common share purchase warrant (the “Warrant”). Each whole Warrant is exercisable by the holder to acquire one common share for a period of one year from issuance at an exercise price of $0.10 per common share.
In connection with the Financing, the Company may pay an 8{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} cash finder’s fee and issue 8{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} finder’s warrants (the “Finder’s Warrants”). The FT Share Finder’s Warrants will be exercisable into common shares for a period of one year at an exercise price of $0.055 per common share and the NFT Units Finder’s Warrants will be exercisable into common shares for a period of one year at an exercise price of $0.05 per common share.
Options
In other corporate news, the Company has issued 3.34 million stock options that are exercisable into common shares at a price of $0.05 for a period of one year. These options have been issued to consultants and directors of the company and were issued as other options have expired or have been exercised.
The issuance of the FT Shares, Finder’s Warrants and options will be subject to TSX Venture Exchange approval and once issued, subject to a fourth month and one day hold period.
Proceeds from the Financing will be used for exploration and development of the company’s Duvay and Chenier advanced gold projects in Quebec and for general corporate purposes.
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. Secova has entered into an agreement to acquire up to 90{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the advanced stage Duvay and Chenier gold project in Amos, Quebec, located in the Abitibi gold belt, one of Quebec’s premier mining jurisdictions. The Company has plans to advance the development of Duvay as well as seek other avenues of growth through acquisition and mergers. Secova Metals trades on the TSX Venture, under the symbol SEK. Learn more about Secova at www.secovametals.com.
The technical information contained in this press release was verified by Pierre-Jean Lafleur in his capacity as a Qualified Person (Q.P.) under NI 43101 regulations and Project Manager.
- Published in Mining, News Home, Secova Metals
Secova Metals Closes $314,835 Private Placement
Secova Metals (SEK.V) Closes $314,835 Private Placement
– Momentum Public Relations – August 2, 2016
Secova Metals Corp. (SEK.V) has closed its non-brokered private placement pursuant to which the company has issued 4,178,818 flow-through shares at a purchase price of 5.5 cents per flow-through share and 1.8 million common shares at a purchase price of five cents per common units (non-flow-through (NFT) units) for total gross proceeds of $314,835. The NFT units also have a one-half warrant that, when combined into a whole warrant, allow the holder to purchase one common share of the company at 10 cents for a period of one year.
In connection with the financing, the company will pay a $17,467 cash commission and issue 310,305 finder warrants for the FT shares and 8,000 finder warrants for the NFT units. The FT finder warrants and NFT finder warrants will be exercisable into common shares for a period of one year at an exercise price of 5.5 cents and five cents, respectively, per common share.
The issuance of the FT shares, NFT shares and finder warrants is subject to TSX Venture Exchange approval and, once issued, subject to a four-month-and-one-day hold period.
Proceeds from the financing will be used for exploration and development of the company’s Duvay advanced gold project in Quebec and for general corporate purposes.
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. Secova has entered into an agreement to acquire up to 90{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the advanced-stage Duvay gold project in Amos, Quebec, located in the Abitibi gold belt, one of Quebec’s premier mining jurisdictions. The Company has plans to advance the development of Duvay as well as seek other avenues of growth through acquisition and mergers. Secova Metals trades on the TSX Venture under the symbol SEK. Learn more about Secova at www.secovametals.com.
- Published in Mining, News Home, Secova Metals
Secova Metals gets ready to take the Gold
Secova Metals (SEK:tsxv) Prepares to Dominate the Junior Gold Market
– Momentum Public Relations – Dana Hinders
A Canadian gold exploration company based in Vancouver, BC, Secova Metals (SEK:tsxv) is poised to take the driver’s seat as the market for mineral resources improves in 2016 and beyond. Recently, Secova made plans to acquire up to 90{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the Duvay advanced gold project in Amos, Quebec. Known as the Duvay gold project, this near surface high grade gold exploration project consists of 105 claims covering over 4,500 hectares. Previous exploration of the site has been done by both Tres-Or and Aurizon Mines Ltd. Secova plans to use this data to develop an advanced stage exploration program that will add value for shareholders.
Historically, work at Duvay has been focused close to the surface. This includes 339 drill holes with an approximate depth of 100 meters (328 feet) scattered across an area that is just 250 square meters (2,690 square feet). Visible gold showings and historic drill samples of up to 402 g/t gold occur on the property. In a strategic move, Secova recently acquired 69 adjacent claims expanding their property size and giving them one large contiguous package of 7,065 hectares.
The Duvay gold project will be managed by Pierre-Jean Lafleur. Lafleur was appointed to Secova’s Board of Directors in February and is considered to be one of the best geological engineers in the business with experience in areas such as exploration and mining, including ore reserves, mine planning, and more. Lafleur’s first task as manager of the Duvay project was to commence the winter exploration program, which includes over 3,250 meters (10,660 feet) of drilling as well as a 3D IP survey and the addition of historic data into a 3D model.
InnovExplo, located in Val d’Or Quebec, will produce a computer database of historical drill logs for 3D geological modeling. An international service provider in geology, mine engineering, and sustainable development, InnovExplo is experienced in using MapInfo, Leapfrog, GoCAD, and Gems and Whittle from 3DS GEOVIA. InnovExplo’s work will be combined with an IPower 3D IP survey from Abitibi Geophysics in Val d’Or to identify drilling targets and project field work for Duvay.
As Secova prepares to move forward, one of the company’s biggest strengths is its strong leadership team. CEO Brad Kitchen was previously the Chief Executive Officer and President of Eagle Hill Exploration Corporation before it was taken over by Oban Mining. With 25 years of experience in investment banking and leading corporations, Kitchen is known for his leadership, corporate governance, and team building expertise. Kitchen was instrumental in leading the development of Eagle Hill and has stated he sees Secova’s properties having the same potential for success.
Secova trades on the TSX Venture with the symbol SEK. The top three company owners include management and insiders (58.4{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} stake in the company), a Canadian mining fund (19.9{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} stake in the company), and Frontier Merchant Capital Group (7.8{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} stake in the company). Over 2,000 shareholders split the remaining 13.9{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} float.
Gold posted negative returns for the past three years, but 2016 has been a strong year for gold investors. Much of this can be attributed to people seeking protection from global insecurity, as well as the overall decrease in the value of paper currency.
Gold mining is a vital part of Quebec’s economy for multiple reasons. The area has well-established geological potential, a strong history of mining, and a politically stable climate. Quebec also brings the expertise of its residents to the table, with an abundance of miners and mining experts calling the region their home. Utilizing the latest technologies, they hold the key to uncovering the estimated 60{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of Quebec’s mineral potential that has yet to be discovered.
For more information view the corporate presentation below or visit: www.secovametals.com
- Published in Blog, Mining, Secova Metals
Secova Metals (SEK.V) Consolidates Significant Land Package in Quebec’s Abitibi Gold Belt Region
Secova Metals (SEK.V) Consolidates Significant Land Package in Quebec’s Abitibi Gold Belt Region
– Momentum Public Relations – May 12th, 2016
Secova Metals Corp. (“Secova” or the “Company“) (TSX VENTURE: SEK) is pleased to announce that it has reached an agreement with Globex Mining Enterprises Inc. (TSX: GMX) (FRANKFURT: G1M) (OTCQX: GLBXF) to acquire a 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} interest in 69 claims of property know as “The Chenier Claims,” which are adjacent to the Company’s current Duvay property holdings (the “Transaction“). The acquisition will result in Secova having one contiguous parcel of land comprising over 7,065 hectares (17,458 acres) in the prolific gold region of the Abitibi belt in Quebec. Once completed, the land acquisition will increase the size of Secova’s project by two-thirds. More importantly, it ties together all of Secova’s claims into one complete package.
“This acquisition clearly demonstrates Secova’s plans to become one of the premier junior gold companies in the Abitibi gold belt of Quebec,” stated Brad Kitchen, CEO of Secova. “Work on our Duvay claims is progressing well and the acquisition of this new ground gives us a significant footprint and the opportunity to develop all the gold resources in the area without concern for extending deposits onto neighbouring claim owners.”
Secova has entered into an agreement to acquire the 69 claims covering 2,793 hectares (6,901 acres) for a total contiguous land package of 174 claims over 7,065 hectares (17,458 acres). The 69 acquired claims include the Grenadier West gold showing, which could be geologically related to Duvay’s gold structures. Grenadier West is located approximately one kilometre (0.62 miles) southeast of the original Duvay discovery. The Chenier Claims also include two claims just north of the original Duvay discovery where some of Duvay’s gold-bearing structures continue.
The Duvay property is accessible by paved highway (Route 395) and located 17 kilometres (10.5 miles) from the centre of the town of Amos, Quebec, and less than a one-hour hour drive from Val d’Or. The property is serviced with both power and telephone line for internet coverage and has a large, all-season building that serves as both a core shack and houses a small gravity mill.
The new claims were acquired from Globex Mining Enterprises Inc. in exchange for a $100,000 payment in cash or cash equivalent and 1.0 million shares of the Company, subject to a regulatory hold of four months and one day upon TSX Venture Exchange (the “Exchange”) approval of the Transaction. The claims also have a 1.8{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} net smelter return (NSR), which can be purchased at any time for $350,000, and a 1.5{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} gross metal royalty (GMR), for which Secova has the right of first refusal to purchase.
The Transaction is subject to the approval of the Exchange.
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 entered into an agreement to acquire up to 90{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the original 105 claims at the advanced-stage Duvay gold project in Amos, Quebec. The Company has also acquired a 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} interest in 69 additional adjacent claims, for a total contiguous land package of 174 claims covering over 7,065 hectares (17,458 acres) of land. Duvay is located in the Abitibi gold belt, one of Quebec’s premier mining jurisdictions. The Company has plans to advance the development of Duvay as well as seek other avenues of growth through acquisition and mergers. Secova Metals trades on the TSX Venture under the symbol SEK.
Additional information about Secova, as well as media interviews featuring and opinion-editorial pieces by CEO Brad Kitchen, may be accessed via the Company’s web site at www.secovametals.com.
- Published in Blog, Mining, News Home, Secova Metals
Secova Contracts InnovExplo and Mr. Ali Ben Ayad at Duvay
Secova Contracts InnovExplo and Mr. Ali Ben Ayad at Duvay
– Momentum Public Relations – April 7, 2016
Secova Metals Corp. (TSX VENTURE: SEK) (“Secova” or the “Company“) is pleased to report that it has contracted InnovExplo and M. Ali Ben Ayad to work at its Duvay Gold Project in Amos, Quebec.
Secova has reached an agreement with InnovExplo (http://innovexplo.com/en/home) for the preparation of the data compilation at The Duvay Project. InnovExplo is located in Val d’Or Quebec, about an hour drive from the Duvay project. Their location is quite convenient with regards to saving time and money if they need to go on site. They will produce the computer database with all 330 historical drill logs by entering it in Gems for 3D geological modeling. They also have licenses and experienced users of MapInfo, Leapfrog, GoCAD and all the software needed to retrieve all the data with no extra cost for software, including the very high quality software Gems and Whittle from 3DS GEOVIA. InnovExplo has grown over the years from a well-established regional provider of NI 43-101 compliant technical reports to a national and international service provider in geology, mine engineering and sustainable development.
In March, Abitibi Geophysics (AG) also based in Val d’Or completed an IPower 3D IP survey to cover a significantly large volume of rock and in high resolution. The results of the IP survey will be combined with the 3D model prepared by InnovExplo to identify drilling targets and project field work at Duvay for spring and summer of 2016.
Secova is also pleased to announce that it has contracted Mr. Ali Ben Ayad, P.Geo, MBA to continue the geological compilation work started last year (2015) which has been published on Secova’s website, www.secovametals.com. Mr. Ali Ben Ayad is an experienced geologist (more than 25 years) with a Ph.D. in structural geology and metallogeny along with extensive success in identifying mineral resources for precious and/or base metals in different and complex geological environments (Europe, Africa, America and the Philippines). M. Ali Ben Ayad is a Qualified Person (QP) as defined by the NI 43-101. He has also worked with Abitibi Geophysics (former Sagax) in Africa and Canada. He will contribute to find the best exploration targets for Duvay in collaboration with AG and InnovExplo.
“This is an extremely exciting time for Secova and its shareholders,” stated Pierre-Jean Lafleur (QP), a director and the company’s lead technical person. “Having now come to agreements with Abitibi Geophysics, InvvoExplo and Mr. Ali Ben Ayad, from a technical standpoint the company could not be in a better position. We have excellent synergy with the above noted entities and I’m confident we can all work with the rest of Secova’s management to maximize the future success of the company and The Duvay Project.”
“Secova is planning to start drilling in May on Duvay to verify targets being outlined now with geophysics and geological compilation. The area studied reaches a depth of 500m below the surface. Current historical work (drilling and exploration mine shafts with 2 levels) reached a depth of about 100m. The exploration work this spring may include bulk samples from surface on the existing gold bearing structures and their continuation on strike,” stated Mr. Lafleur.
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 entered into an agreement to acquire up to 90{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the advanced-stage Duvay gold project in Amos, Quebec, located in the Abitibi gold belt, one of Quebec’s premier mining jurisdictions. The Company has plans to advance the development of Duvay as well as seek other avenues of growth through acquisition and mergers. Secova Metals trades on the TSX Venture under the symbol SEK.
Additional information about Secova, as well as media interviews featuring and opinion-editorial pieces by CEO Brad Kitchen, may be accessed via the Company’s web site at www.secovametals.com.
- Published in Mining, News Home, Secova Metals
Top Quebec Geological Engineer Joins Secova; Morgan Good Named President
Top Quebec Geological Engineer Joins Secova; Morgan Good Named President
– Momentum Public Relations – February 4, 2016
Secova Metals Corp. (“Secova” or the “Company“) (TSX VENTURE: SEK) is pleased to announce the appointment of Pierre-Jean Lafleur, ingénieur géologue, to its Board of Directors and to manage the exploration program at its Duvay gold project in Amos, Quebec. Through his company PJ Lafleur Geo-conséil Inc. (“PJLGCI”), Mr. Lafleur brings access to some of the top geologists and technology in the Quebec gold exploration resource sector.
“With the addition of Mr. Lafleur, Secova has assured its shareholders that the exploration on Duvay will be executed by one of the best geological engineers in the business,” said Brad Kitchen, Chief Executive Officer of Secova. “His expertise, combined with access to the best human and technical resources in Quebec will help the Company to more efficiently and effectively determine the extent of the gold structure at Duvay.”
As an Engineer in geology, Mr. Lafleur has worked in the following areas: exploration and mining, including ore reserves, mine planning, and more. He is also a representative of world-renowned consultants and leading mining software companies (SGS Geostat and 3DS GEOVIA, formerly Gemcom) for their work on implementation of computer technologies. Mr. Lafleur acts primarily as a subject matter expert and influences projects, financial analysis and business strategies with a particular focus on enterprise optimization (Whittle Consulting) from exploration to marketing through mine planning and processing.
Mr. Lafleur has commenced Secova’s winter exploration program on the advanced-stage Duvay gold project in Amos, Quebec. The program is scheduled to include over 3,250 meters (10,660 feet) of drilling. A three-dimensional (3D) IP survey and compilation of historic data into a 3D model is underway. Results are expected to contribute to a comprehensive model of the Duvay gold structure. The Duvay project is located in the Abitibi gold belt, one of Quebec’s premier mining jurisdictions.
The winter exploration program at Duvay is based on a preliminary assessment report prepared by PJLGI that reviewed all available historic information with the objective of proposing an exploration program that would assist in creating a comprehensive model of the Duvay gold structure.
Pierre-Jean Lafleur, ingénieur géologue, a qualified person registered in Quebec as defined by NI 43-101, has reviewed the technical information in this press release.
Other Corporate News – Appointments
In addition to welcoming Mr. Lafleur, the Board of Directors is pleased to announce the appointment of Mr. Morgan Good to the position of President. Mr. Good has been with the Company since June 2015, a director since August 2015 and has been responsible for business development including taking the lead on raising capital for Secova. His new role as President reflects his recent success in securing a strong shareholder base and continuing development of Secova’s performance within the capital markets. Morgan takes over this position from Michael Mulberry who remains with the Company as a director and now Vice President of Operations.
The above appointments are subject to approval by the TSX Venture Exchange.
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 entered into an agreement to acquire up to 90{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the advanced-stage Duvay gold project in Amos, Quebec, located in the Abitibi gold belt, one of Quebec’s premier mining jurisdictions. The Company has plans to advance the development of Duvay as well as seek other avenues of growth through acquisition and mergers. Secova Metals trades on the TSX Venture under the symbol SEK.
Additional information about Secova, as well as media interviews featuring and opinion-editorial pieces by CEO Brad Kitchen, may be accessed via the Company’s web site at www.secovametals.com.
- Published in Mining, News Home, Secova Metals