SRG Graphite increases resource estimate at Lola by 54%
Momentum Public Relations
Press Release: June 18 2018
SRG Graphite Inc. has provided an updated mineral resource estimate for its 100-per-cent-owned Lola graphite deposit located in the Republic of Guinea. The 2018 mineral resource estimate represents an increase of 54 per cent of in situ graphitic carbon (Cg) at a 3-per-cent cut-off grade since the publication of the maiden resource. In preparation for the next phase of development of the project, several boreholes were completed to increase measured and indicated resources from inferred resources. As such, measured and indicated resources increased from 224,118 tonnes to 676,900 tonnes of Cg content at a 3-per-cent cut-off grade, an increase of 201 per cent.
The 2018 Mineral Resource Estimate, prepared by Montreal-based Met-Chem, a division of DRA Americas Inc. (“Met-Chem/DRA”), includes a pit-constrained measured and indicated resource of 12.2 million tonnes (“Mt”) grading 5.6% Cg and an inferred resource of 2.1 Mt grading 6.1% Cg, using a cut-off grade of 3.0% Cg. Effective date of the estimate is June 14, 2018.
The 2018 Mineral Resource Estimate replaces the maiden mineral resource estimate which was reported by SRG on December 22, 2017, and subsequently included in a Technical Report completed by Met-Chem/DRA with an effective date of September 30, 2017. A NI 43-101 Technical Report will be filed on SEDAR within 45 days of this news release providing the details of this resource update. Figure 1 provides a map of the current drilling program. Completed boreholes, assay results pending and boreholes to be completed can be viewed on the map.
Resource Summary
The mineral resources are based on 395 boreholes for 12,086 meters (“m”) drilled up to April 4, 2018. Since that time, an additional 162 diamond drill holes have been completed, for approximately 5,686 additional meters for a total of 17,954 meters. Assay results for these additional holes are pending. Drilling onsite is ongoing and an additional 3,000 meters of drilling are scheduled to take place in the second half of 2018.
The updated resource is established for the oxide profile of the deposit, from surface to a depth ranging between 20 and 50 meters, with an average thickness of 32 meters. The mineralization continues at depth within the fresh rock material, but drilling is stopped once fresh rock is reached. The area for the resources covers approximately 33% of the deposit’s 3.2-square-kilometer surface area.
The estimate was prepared using a block model constrained with 3D wireframes of the principal mineralized domains. Values for graphitic carbon were interpolated using Ordinary Kriging (OK) interpolation methodologies on 10 * 10 * 2m blocks. As in the previous resource estimate, a preliminary open pit optimization algorithm was run on the estimated grade block model. Only mineralization contained within the preliminary pit shell has been included in the resource estimate.The base case mineral resource estimate is summarized in the following table at a cut-off grade of 3.0% Cg together with estimate sensitivities at 1.64% Cg and 5.0% Cg.
LOLA GRAPHITE PROJECT MINERAL RESOURCES AT A CUT-OFF GRADE OF 3.0% CG AND SENSITIVITIES AT 1.64%CG AND 5.0% CG CUT-OFF GRADES Base case mineral resources Cut-off grade Classification Tonnes Cg In situ Cg Cg % (Mt) (%) (t) 3% Measured 1.40 5.32 74,700 Indicated 10.79 5.58 602,200 Total ind. and meas. 12.20 5.55 676,900 Inferred 2.06 6.07 125,200 Sensitivities Cut-off grade Classification Tonnes Cg In situ Cg Cg % (Mt) (%) (t) 1.64% Measured 2.13 4.31 91,900 Indicated 17.00 4.39 746,400 Total ind. and meas. 19.14 4.38 838,400 Inferred 2.82 5.07 143,000 Cut-off grade Classification Tonnes Cg In situ Cg Cg % (Mt) (%) (t) 5% Measured 0.60 7.14 42,700 Indicated 5.02 7.46 374,800 Total ind. and meas. 5.62 7.43 417,500 Inferred 1.18 7.54 88,700
About Met-Chem/DRA
Met-Chem, a division of DRA Americas Inc., was originally established in 1969 as a consulting engineering company, headquartered in Montreal, and provides a wide range of technical and engineering services. Met-Chem is well recognized for its capabilities in mining, geology and mineral processing and has a talented team of engineering, technical and project management personnel with experience in North America, Latin America, Europe, West Africa and India. DRA is a multidisciplinary global engineering group that originated in South Africa and delivers mining, mineral processing, energy, water treatment and infrastructure services from concept to commissioning, as well as comprehensive operations and maintenance services for the mineral resources, water, agriculture and energy sectors. DRA has offices in Africa, Australia, Canada, China, India and the United States.
Qualified Person
Dr. Marc-Antoine Audet, P.Geo., Lead Geologist, SRG was responsible for estimating the mineral resources and has reviewed and approved the contents of this press release. Dr. Audet is a non-independent Qualified Person (“QP”) within the meaning of NI 43-101 – Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators. Under subsection 5.3(1) paragraph (c), as the mineral resources have changed by less than 100% from the previous filing, an independent QP is not required for the filing of this mineral resource update.
ABOUT SRG
SRG is a Canadian-based company focused on developing the Lola graphite deposit and the Gogota nickel-cobalt deposit, both located in the Republic of Guinea, West Africa. SRG is committed to operating in a socially, environmentally and ethically responsible manner.
We seek Safe Harbor.
- Published in SRG Graphite
Blue Moon Zinc to Re-open California Past Producing Mine as Zinc Bull Market Commences
Blue Moon Zinc to Re-open California Past Producing Mine as Zinc Bull Market Commences
Momentum Public Relations
Press Release: August 15, 2017
August 15, 2017 – MONTREAL, QUEBEC, Momentum PR client, Blue Moon Zinc Corp., is listed on the TSX Venture exchange under the symbol: MOON and in the US on the OTC under the symbol: BMOOF.
Momentum PR is pleased to have produced an informative and comprehensive report on Blue Moon Zinc Corp., available on the Momentum PR LinkedIn page.
Blue Moon Zinc Corp. Highlights:
- The Blue Moon mine was in production between 1943 and 1945. Hecla Mining produced 55,656 tons grading 12.3{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} zinc, 0.36{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} copper, 0,48{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} lead, 3.75 oz/ton silver and 0.062oz/ton gold.
- Blue Moon already has 5.3 million tons of indicated and inferred resources and the Company believes it can advance that materially with extension and exploration drilling.
- Blue Moon can boast a 95{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} recovery rate
- Blue Moon property now has approximately 2.62 million tons with a grade of 6.01{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} zinc indicated, and 2.68 million tons with a grade of 5.98{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} zinc inferred, plus significant amounts of copper, lead, silver and gold.
- In 2017, Zinc prices rose to $2,825 a tonne up 10{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} on the year. According to Zinc Investment News, Zinc prices rose 90{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} between January 2016 and March 2017.
- Blue Moon is applying for drill permits and is commencing baseline and engineering studies.
The Blue Moon Zinc project is located in Mariposa County in central California and if the project needed a nickname, it very well might be the Comeback Kid. Unlike most junior mining companies, Blue Moon intends to take its asset into production and it has compelling reasons to do so.
Comeback Kid because Blue Moon has been in production before. During 1943-1945 Hecla Mining produced 55,656 tons grading 12.3{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} zinc, 0.36{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} copper, 0,48{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} lead, 3.75 oz/ton silver and 0.062oz/ton gold. Since then the property has been bought and sold by a number of different mining companies. Each of which has performed additional exploration work.
Blue Moon already has 5.3 million tons of indicated and inferred resources and the company believes it can advance that materially with extension and exploration drilling. This is comparable to Lundin’s now depleted Galmoy Zinc Mine and Trevali’s Santander Zinc mine, except that while Blue Moon can boast a 95{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} recovery rate, Galmoy peaked at 83{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} and Santander at 89{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}. Galmoy closed in 2009 due to resource depletion.
Amidst a global supply crunch, according to an article published in MINING.com by Eric Fels on July 17, 2017, zinc prices rose to $2,825 a tonne up 10{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} on the year. According to Zinc Investment News, Zinc prices rose 90{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} between January 2016 and March 2017. Zinc’s 60{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} price hike in 2016 made it the London Metal Exchange’s best-performing commodity of the year. Its prices have been supported by mines closed because of resource exhaustion and production reductions in Canada, Peru and Australia by Glencore, one of the top three global zinc producers.
According to a NI 43-101 resource estimate, the Blue Moon property now has approximately 2.62 million tons with a grade of 6.01{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} zinc indicated, and 2.68 million tons with a grade of 5.98{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} zinc inferred, plus significant amounts of copper, lead, silver and gold. The Company believes those resources can be increased through drilling and a new resource report will benefit from inflation in commodity prices since the initial 2008 publication date.
Blue Moon trades on the TSXV as MOON and on the American OTC as BMOOF. As of July 21, 2017 it closed at $0.045 and has a 52-week high of $0.10 and a low of $0.015. The company has 92.75M shares outstanding and a market cap of $3.76 million.
The Momentum PR informative and comprehensive report on Blue Moon is available on the Momentum PR LinkedIn page.
If you would like more information on Blue Moon Zinc; listed on the TSX Venture exchange under the symbol MOON, and with a market cap of C$3.76 million, or would like to arrange an interview with management please contact:
Momentum PR
Juliette Benard, Director Media Relations
+1.450.332.6939
About Momentum PR
Momentum PR is a cutting-edge public and investor relations consulting agency representing companies within the Canadian investment community.
Since 2009, Momentum PR has been servicing small and mid cap Canadian listed public companies, seeking to increase their exposure across North America. The focus at Momentum PR is on building and driving brand awareness. Momentum PR cultivates new audiences in the media and investment communities by proactively engaging interested parties on behalf of client companies through online and offline channels.
Disclaimer:
All editorial content contained herein is solely the responsibility of Momentum PR and does not reflect, in any way, the opinions of TheNewswire.ca Inc., its partner newswires and / or associated news services.”
Anfield Closes Financing and Issues 6-Month Corporate Update
Anfield Closes Financing and Issues 6-Month Corporate Update
Momentum Public Relations
Press Release: July 26, 2017
VANCOUVER, BC–(Marketwired – July 26, 2017) – Anfield Resources Inc. (TSX VENTURE: ARY) (OTCQB: ANLDF)(FRANKFURT: 0AD) (“Anfield” or “the Company”) following the recent closing of its $3.1 million financing, is pleased to provide this review and corporate update with regard to its 2017 activities. Anfield continues to position itself to become a top-tier U.S.-based uranium producer in the near future. The following list highlights the Company’s achievements so far in 2017:
- Engaged BRS Inc., an engineering firm, to prepare a series of NI 43-101 compliant technical reports for Anfield’s 24 Wyoming-based projects;
- Announced the receipt of an NI 43-101 compliant mineral resources technical report for the Red Rim uranium project, based in Wyoming;
- Announced that Robert Lumadue, a uranium industry veteran, joined the Company as Vice President, Uranium Sales and Marketing;
- Continued advancing the Shootaring Canyon Uranium Mill license towards operational status with the Utah Division of Waste Management and Radiation Control; and
- Closed two private placement financings totaling approximately $6 million to be used for project development.
Corey Dias, Anfield’s CEO stated, “Following the closing of our recent financing, we will continue to fund the advancement of our current assets in anticipation of a rebound in the uranium price. At the same time, we will also continue to seek opportunities via acquisition and believe that this strategy will provide significant growth prospects for the Company. Finally, with the addition of a VP of Uranium Sales and Marketing, we have ramped up our interaction with a number of U.S.-based utilities with regard to pursuing long-term contracts and are pleased with the feedback we have received. We have no doubt that 2017 will be a transformational year for Anfield.”
About Anfield
Anfield is an energy metals exploration, development and near-term production company that is committed to becoming a top-tier energy-related fuels supplier by creating value through sustainable, efficient growth in its energy metals assets. Anfield is a publicly-traded corporation listed on the TSX-Venture Exchange (ARY-V), the OTCQB Marketplace (ANLDF) and the Frankfurt Stock Exchange (0AD). Anfield is focused on two production centres, as summarized below:
Arizona/Colorado/Utah – Shootaring Canyon Mill
The key asset in Anfield’s existing portfolio is the Shootaring Canyon Mill in Garfield County, Utah. The Shootaring Canyon Mill is strategically located within one of the historically most prolific uranium production areas in the United States, and is one of only three licensed uranium mills in the United States.
Anfield’s uranium assets consist of conventional mining claims and state leases in southeastern Utah, Colorado and Arizona, targeting areas where past uranium mining or prospecting occurred. Anfield’s conventional uranium assets include the Velvet-Wood Project, the Frank M Uranium Project, as well as the Findlay Tank breccia pipe. All conventional uranium assets are situated within a 125-mile radius of the Shootaring Mill.
Wyoming – Irigaray ISR Processing Plant (Resin Processing Agreement)
Anfield’s ISR mining projects are located in the Black Hills, Powder River Basin, Great Divide Basin, Laramie Basin, Shirley Basin and Wind River Basin areas in Wyoming, and comprise 2,667 federal mining claims, 56 Wyoming State leases and 15 private leases acquired from Uranium One in September 2016.
Anfield has agreed to enter into a Resin Processing Agreement with Uranium One wherein Anfield would process up to 500,000 pounds per annum of its mined material at Uranium One’s Irigaray Central Processing Plant in Wyoming.
On behalf of the Board of Directors
ANFIELD RESOURCES INC.
Corey Dias, Chief Executive Officer
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Safe Harbor Statement
THIS NEWS RELEASE CONTAINS “FORWARD-LOOKING STATEMENTS”. STATEMENTS IN THIS NEWS RELEASE THAT ARE NOT PURELY HISTORICAL ARE FORWARD-LOOKING STATEMENTS AND INCLUDE ANY STATEMENTS REGARDING BELIEFS, PLANS, EXPECTATIONS OR INTENTIONS REGARDING THE FUTURE.
EXCEPT FOR THE HISTORICAL INFORMATION PRESENTED HEREIN, MATTERS DISCUSSED IN THIS NEWS RELEASE CONTAIN FORWARD-LOOKING STATEMENTS THAT ARE SUBJECT TO CERTAIN RISKS AND UNCERTAINTIES THAT COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM ANY FUTURE RESULTS, PERFORMANCE OR ACHIEVEMENTS EXPRESSED OR IMPLIED BY SUCH STATEMENTS. STATEMENTS THAT ARE NOT HISTORICAL FACTS, INCLUDING STATEMENTS THAT ARE PRECEDED BY, FOLLOWED BY, OR THAT INCLUDE SUCH WORDS AS “ESTIMATE,” “ANTICIPATE,” “BELIEVE,” “PLAN” OR “EXPECT” OR SIMILAR STATEMENTS ARE FORWARD-LOOKING STATEMENTS. RISKS AND UNCERTAINTIES FOR THE COMPANY INCLUDE, BUT ARE NOT LIMITED TO, THE RISKS ASSOCIATED WITH MINERAL EXPLORATION AND FUNDING AS WELL AS THE RISKS SHOWN IN THE COMPANY’S MOST RECENT ANNUAL AND QUARTERLY REPORTS AND FROM TIME-TO-TIME IN OTHER PUBLICLY AVAILABLE INFORMATION REGARDING THE COMPANY. OTHER RISKS INCLUDE RISKS ASSOCIATED WITH SEEKING THE CAPITAL NECESSARY TO COMPLETE THE PROPOSED TRANSACTION, THE REGULATORY APPROVAL PROCESS, COMPETITIVE COMPANIES, FUTURE CAPITAL REQUIREMENTS AND THE COMPANY’S ABILITY AND LEVEL OF SUPPORT FOR ITS EXPLORATION AND DEVELOPMENT ACTIVITIES. THERE CAN BE NO ASSURANCE THAT THE COMPANY WILL BE ABLE TO COMPLETE THE PROPOSED TRANSACTION, THAT THE COMPANY’S EXPLORATION EFFORTS WILL SUCCEED OR THE COMPANY WILL ULTIMATELY ACHIEVE COMMERCIAL SUCCESS. THESE FORWARD-LOOKING STATEMENTS ARE MADE AS OF THE DATE OF THIS NEWS RELEASE, AND THE COMPANY ASSUMES NO OBLIGATION TO UPDATE THE FORWARD-LOOKING STATEMENTS, OR TO UPDATE THE REASONS WHY ACTUAL RESULTS COULD DIFFER FROM THOSE PROJECTED IN THE FORWARD-LOOKING STATEMENTS. ALTHOUGH THE COMPANY BELIEVES THAT THE BELIEFS, PLANS, EXPECTATIONS AND INTENTIONS CONTAINED IN THIS NEWS RELEASE ARE REASONABLE, THERE CAN BE NO ASSURANCE THOSE BELIEFS, PLANS, EXPECTATIONS OR INTENTIONS WILL PROVE TO BE ACCURATE. INVESTORS SHOULD CONSIDER ALL OF THE INFORMATION SET FORTH HEREIN AND SHOULD ALSO REFER TO THE RISK FACTORS DISCLOSED IN THE COMPANY’S PERIODIC REPORTS FILED FROM TIME-TO-TIME.
THIS NEWS RELEASE HAS BEEN PREPARED BY MANAGEMENT OF THE COMPANY WHO TAKES FULL RESPONSIBILITY FOR ITS CONTENTS.
Contact:
Anfield Resources Inc.
Clive Mostert
Corporate Communications
780-920-5044
info@anfieldresources.com
www.anfieldresources.com
- Published in Anfield Resources, Mining, News Home
Savant Explorations Ltd. Changes Name to Blue Moon Zinc Corp. and Stock Symbol to “MOON”
Savant Explorations Ltd. Changes Name to Blue Moon Zinc Corp. and Stock Symbol to “MOON”
Momentum Public Relations
Press Release: July 5, 2017
Canada NewsWire
VANCOUVER, July 5, 2017
VANCOUVER, July 5, 2017 /CNW/ – Savant Explorations Ltd. (TSXV: SVT; US OTC: SVATF) (the “Company“) announces the Company has changed its name to “Blue Moon Zinc Corp.” and the new stock symbol will be “MOON”. The name and symbol change will be effective on July 5, 2017 and was approved by the board of directors and in accordance with the Articles of the Company. The Company’s new website can be found at www.bluemoonmining.com.
Patrick McGrath, Chief Executive Officer, stated,”We are pleased to change the name of the Company to Blue Moon Zinc Corp. to more clearly identify the Company’s association with its flagship Blue Moon zinc property in western United States.”
About Savant
The Company is focused on the wholly-owned advanced stage Blue Moon zinc project. The Blue Moon project has a current resource estimate of 2.62 million tons with a grade of 6.01{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} zinc in the Indicated category and 2.68 million tons with a grade of 5.98{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} zinc in the Inferred category plus significant values of copper, silver and gold. The resource is open at depth and along strike and historical metallurgical testing indicates favourable recoveries. A NI 43-101 report detailing the resource and summarizing metallurgical recoveries is available on the company’s website (www.bluemoonmining.com) and filed on SEDAR on February 21, 2008. The Company plans to advance the project to feasibility and permitting.
Qualified Persons
Jack McClintock, P. Eng, a Director of the Company, is a qualified person as defined by NI 43-101, has reviewed the scientific and technical information that forms the basis for this press release.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This release includes certain statements that may be deemed to be forward-looking statements. All statements in this release, other than statements of historical facts that address access to capital, regulatory approvals, exploration and development drilling, exploitation and development activities and events or developments that the Company expects are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continuity of mineralization, uncertainties related to the ability to obtain necessary permits, licenses and title and delays due to third party opposition, changes in government policies regarding mining and natural resource exploration and exploitation, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date it is expressed in this press release, and the Company undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. For more information on the Company, investors should review the Company’s continuous disclosure filings that are available at www.sedar.com.
SOURCE Blue Moon Zinc Corp.
View original content: https://www.newswire.ca/en/releases/archive/July2017/05/c1512.html
Patrick McGrath, CEO, 1-832-499-6009, pmcgrath@bluemoonmining.comCopyright CNW Group 2017
Savant Explorations Ltd. Announces Election of Directors, Proposed Name Change to Blue Moon Zinc Corp.
Savant Explorations Ltd. Announces Election of Directors, Proposed Name Change to Blue Moon Zinc Corp.
Momentum Public Relations
Press Release: June 21, 2017
VANCOUVER, BRITISH COLUMBIA–(Marketwired – June 21, 2017) – Savant Explorations Ltd. (TSX VENTURE:SVT)(OTC:SVATF) (the “Company“) is pleased to announce that Patrick McGrath, Douglas Urch and Jack McClintock were elected as directors of the Company at the annual general and special meeting of the shareholders (the “Shareholders Meeting“) held Thursday, June 15, 2017 in Vancouver, B.C.. The shareholders also approved a special resolution adopting new Articles for the Company at the Shareholders Meeting. The Company’s new Articles are available for viewing under the Company’s profile on www.sedar.com.
The Company also plans to change its name to “Blue Moon Zinc Corp.” from “Savant Explorations Ltd.” to better reflect the Company’s focus on the Blue Moon zinc project. The name change and symbol change will be announced on receipt of regulatory approval.
“We felt this name change was an important first step as we focus our attention towards advancing our Blue Moon Zinc Project” says Patrick McGrath, CEO of Savant Explorations.
About Savant
The Company is focused on the wholly-owned advanced stage Blue Moon Zinc project. The Blue Moon project has a current resource estimate of 2.62 million tons with a grade of 6.01{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} zinc in the Indicated category and 2.68 million tons with a grade of 5.98{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} zinc in the Inferred category plus significant values of copper, silver and gold. The resource is open at depth and along strike and historical metallurgical testing indicates favourable recoveries. A NI 43-101 report detailing the resource and summarizing metallurgical recoveries is available on the company’s website (www.savantexplorations.com) and filed on SEDAR on February 21, 2008. The Company plans to advance the project to feasibility and permitting.
Qualified Persons
Jack McClintock, P. Eng, a Director of the Company, is a qualified person as defined by NI 43-101, has reviewed the scientific and technical information that forms the basis for this press release.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This release includes certain statements that may be deemed to be forward-looking statements. All statements in this release, other than statements of historical facts that address access to capital, regulatory approvals, exploration and development drilling, exploitation and development activities and events or developments that the Company expects are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continuity of mineralization, uncertainties related to the ability to obtain necessary permits, licenses and title and delays due to third party opposition, changes in government policies regarding mining and natural resource exploration and exploitation, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date it is expressed in this press release, and the Company undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. For more information on the Company, investors should review the Company’s continuous disclosure filings that are available at www.sedar.com
Savant Explorations Ltd.
Patrick McGrath
CEO
1-832-499-6009
pmcgrath@bluemoonmining.com
www.savantexplorations.com
Anfield Resources Aims to be One of the Next Uranium Producers in the United States
Anfield Resources Aims to be One of the Next Uranium Producers in the United States
Momentum Public Relations
Press Release: June 21, 2017
June 21, 2017 / TheNewswire / MONTREAL, QUEBEC – Momentum PR client, Anfield Resources is listed on the TSX Venture exchange under the symbol ARY, as well as on the OTCQB in the US under the symbol ANLDF.
Momentum PR is pleased to have produced an informative and comprehensive report on Anfield Resources, available on the Momentum PR LinkedIn page.
Anfield Resources Highlights:
- – Anfield Resources Set to Profit From Coming Uranium Shortage With 60 Reactors Under Construction In 15 Countries
- – China Building One Reactor Every Five Months
- – Dutch Commodity Expert Predicts $100 a Pound After 2020
- – Anfield is building out a unique asset base with access to lower-cost, near-term uranium production capacity in Wyoming and a longer-term, larger-scale, uranium production opportunity in Utah
- – Unique Agreement With Uranium One Provides Additional Processing and Ability to Borrow Processed Uranium
Anfield Resources, (TSX VENTURE: ARY) (FRANKFURT: 0AD) (OTCQB: ANLDF) has positioned itself as one of the next major suppliers to the American nuclear energy industry.
The rollback in uranium prices that took place after Fukushima in 2011 is now starting to reverse, albeit slowly. After Fukushima, uranium prices fell from $73 a pound to a low of $18 a pound. While pricing has rebounded slightly, the current $20 level isn’t sustainable as it remains below the cost of production.
Factors which could drive the price upward are supply shortages caused by mine closures and increasing global demand. Today there 20 nuclear reactors under construction across the globe and China is building one new reactor every five months. Globally, 150 new nuclear reactors are in the planning stage.
Canadian-headquartered Anfield set up shop in the United States because 20{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of American electricity is generated by nuclear energy, and at present it imports over 90{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the uranium it uses.
Over the last four years, Anfield has acquired a number of conventional uranium assets in Utah, Colorado and Arizona as well as 24 ISR-amenable projects in Wyoming. An April 4, 2017, NI 43-101 report on one of the 24 Wyoming ISR assets, Red Rim, shows an indicated resource of 336,655 tons of mineralized material with an average grade of 0.17{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} and an inferred resource of 472,988 tons of mineralized resource with an average grade of 0.163{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}, for a total uranium resource of 2,681,896 pounds.
Anfield’s unique market position is derived through both its ownership of the Shootaring Canyon Mill and its agreement with Uranium One. The Shootaring Canyon Mill is one of only three licensed, permitted and constructed conventional uranium mills in the United States. The 500,000 pounds/year processing agreement with Uranium One allows Anfield to process uranium from its ISR assets without the capex and lengthy timeline required to build its own ISR processing plant. The agreement with Uranium One also allows Anfield to both buy and borrow processed uranium from Uranium One to fulfill contracts.
Anfield recognizes that, as the uranium price begins to climb as a result of the supply-demand imbalance, those with access to lower-cost production capacity will be the early beneficiaries in the uranium market. Therefore, Anfield’s Resin Processing Agreement with Uranium One – when paired with the 24 projects acquired in Wyoming – will be the near-term focus for the company. Once the uranium price climbs to a point where conventional uranium mining is feasible, Anfield can then aim to bring its conventional mill – Shootaring – online, which would significantly increase the company’s annual production capacity.
In addition, Anfield has 8,418,000 pounds of measured, indicated and inferred uranium resources in its four conventional projects in Utah and Arizona. More than enough to make it a major energy fuel provider in the American market. In March, the company closed an oversubscribed private placement with gross proceeds totalling $2,888,061.
The Momentum PR informative and comprehensive report on Anfield Resources is available on the Momentum PR LinkedIn page.
If you would like more information on Anfield Resources listed on the TSX-V under the symbol ARY with a market cap of C$8.75 million, or would like to arrange an interview with management please contact:
Momentum PR
Juliette Benard, Director Media Relations
+1.450.332.6939
About Momentum PR
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Since 2009, Momentum PR has been servicing small and mid cap Canadian listed public companies, seeking to increase their exposure across North America. The focus at Momentum PR is on building and driving brand awareness. Momentum PR cultivates new audiences in the media and investment communities by proactively engaging interested parties on behalf of client companies through online and offline channels.
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Savant Explorations Ltd. Announces $500,000 Financing
Savant Explorations Ltd. Announces $500,000 Financing
Momentum Public Relations
Press Release: June 5, 2017
VANCOUVER, BRITISH COLUMBIA–(Marketwired – June 5, 2017) – Savant Explorations Ltd. (TSX VENTURE:SVT) (the “Company“) announces the Company has arranged a private placement of $500,000 at a price of $0.05 per common share, subject to regulatory approval. Certain insiders have agreed to participate and the common shares to be issued pursuant to this private placement will be subject to a hold period expiring four months and one day from closing. The proceeds will be used to advance the Company’s wholly-owned Blue Moon zinc project including initiating the baseline work for permitting, initial engineering work, obtaining permits for the anticipated drill program and general working capital.
About Savant
The Company is focused on the wholly-owned advanced stage Blue Moon Zinc project. The Blue Moon project has a current resource estimate of 2.62 million tons with a grade of 6.01{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} zinc in the Indicated category and 2.68 million tons with a grade of 5.98{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} zinc in the Inferred category plus significant values of copper, silver and gold. Historical metallurgical testing indicates favourable recoveries of zinc and other metals. A NI 43-101 report detailing the resource and summarizing metallurgical recoveries is available on the company’s website (www.savantexplorations.com) and filed on SEDAR on February 21, 2008. The Company plans to advance the project to feasibility and permitting.
Qualified Persons
Jack McClintock, P. Eng, a Director of the Company, is a qualified person as defined by NI 43-101, has reviewed the scientific and technical information that forms the basis for this press release.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This release includes certain statements that may be deemed to be forward-looking statements. All statements in this release, other than statements of historical facts that address access to capital, regulatory approvals, exploration and development drilling, exploitation and development activities and events or developments that the Company expects are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continuity of mineralization, uncertainties related to the ability to obtain necessary permits, licenses and title and delays due to third party opposition, changes in government policies regarding mining and natural resource exploration and exploitation, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date it is expressed in this press release, and the Company undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. For more information on the Company, investors should review the Company’s continuous disclosure filings that are available at www.sedar.com.
Savant Explorations Ltd.
Patrick McGrath
CEO
1-832-499-6009
pmcgrath@bluemoonmining.com
www.savantexplorations.com
The Greatest Benefactor of US-Russian Relations – Anfield Resources
The Greatest Benefactor of US-Russian Relations – Anfield Resources
By Sean Zubick – Palisade Research
Like many other commodities, the price of uranium is cyclical.
Since 1929, uranium has seen three momentous bull markets. The first occurred from 1943 to 1955, and was spurred by an incentive program created by the US Government. The competition for nuclear warheads had begun, and the DoD was in dire need of uranium. Through the Atomic Energy Commission, a generous price for uranium was offered, igniting a staking frenzy. By the 1950s, the program was scaled back and incentives halted, ending the first uranium bull market.
The 1973 to 1979 bull run was triggered by OPEC’s oil embargo, resulting in a global economic crisis. Prior to, uranium was floating lower, and had bottomed out at $6/lb., before investors began flocking to alternative sources of power. Nuclear power was a great beneficiary, and afterwards saw rapid expansion. Prior to the oil crisis, global capacity nuclear capacity grew at an average of 2,400 MW per year. From 1973 to 1990, this jumped to 16,000 MW with the United States building 25{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the 321 new reactors in the world. This run was ended by the Three Mile Island meltdown in March 1979.
The last and most recent uranium bull occurred from 2001 to 2008. China and India were growing at an unprecedented rate. In 2007, almost half of the world’s reactors were being built in China and India, with 64 planned and 158 planned, respectively. Oil prices were increasing, and the onus was once again placed on alternative energy sources. The agreement between the US and Russia, under the Megatons to Megawatts program, was also scheduled to end, removing significant supply from the market. This was accompanied by Cameco’s Cigar Lake mine flood (232 million lbs), and hedge funds hoarding the physical commodity. Uranium’s collapsed was caused by the 2008-2009 financial crisis, and investors liquidated their positions en masse.
Uranium experienced a small renaissance in 2011, but this was cut short due to the Fukushima Daiichi nuclear disaster in Japan. An earthquake and subsequent tsunami caused three nuclear meltdowns, and caused many countries to unnecessarily reconsider their energy programs. Germany took its eight reactors offline, and began importing its energy from France, which ironically gets the majority of its power from nuclear!
Now after 6 years, the uranium markets are finally seeing some light at the end of the tunnel. China remains the engine for growth, with 36 operating reactors and many more planned. In 2015, there were eight new grid connections. In 2016, another five came online. The country currently has another 20 reactors under construction, and aims to have the third largest capacity in the world by 2020.
The United States Department of Energy also recently lowered its transfer rate due to supply concerns. Analysts are now expecting a supply deficit, something unheard of just a couple of years ago.
Accompanying these two points, we maintain five more points of why uranium is a compelling investment and why its on the verge of an incredible turnaround.
-It’s a contrarian investment – uranium was one of the worst performing commodities in 2016, but is now one of the best performing of 2017. Many people are still on the sidelines, scared of the 41{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} drop last year, but this is the ideal time to invest for a contrarian.
-Price (in)sensitivity – Unlike other commodities, particularly ones used as input, the cost of fuel for a nuclear power plant is insignificant. In fact, uranium accounts for only 2{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of operating costs. Compare this to coal plants where coal accounts for 35{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}. If each commodity increases 20-fold, you can bet all of the world’s coal plants will be off-line and coal stocks will eventually die. The opposite would happen with uranium.
-Mine construction – With a deficit on the horizon, the fix will not be fast. In fact, the time from a production decision to production is almost a decade. This is why uranium bull markets can be much longer than other commodities.
-Uranium stocks are scarce – Unlike precious metal companies where there are hundreds to choose from, there are only about thirty uranium companies for a North American investor. When the bull market is in full effect, there will be only so many places the surge of capital can go. This means uranium stocks have more torque than other commodity stocks.
-No other sector yields the kind of gains that uranium can – When you ask the leading resource investors about uranium, chances are they have made a substantial portion of their wealth from it. Just ask Doug Casey or Rick Rule about Paladin Energy, and they will be happy to tell you about 10,000{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} return
Frank Giustra is another mining magnate who has had incredible success in uranium. In fact, his company UrAsia Energy was acquired by Uranium One in 2007 for US$3 billion. UrAsia owned uranium mines in Kazakhstan, which quickly became the foundation and flagships of Uranium One. At the same time, Uranium One bolstered its projects in the United States, eventually becoming a key producer of domestic uranium.
In 2010, Uranium One was acquired Rosatom, the state-controlled nuclear arm of Russia. And this is where some controversy began to surface. With uranium being a strategic metal, many departments had to sign off on the deal, and with more digging, theories arose that Giustra had donated to the former President Bill Clinton’s foundation to expedite the sale.
There are also allegations that President Clinton was integral in UrAsia securing its Kazakhstani assets. The pair traveled to Almaty together in 2005, where they met, Nursultan Nazarbayev, the leader of Kazakhstan. Soon after UrAsia acquired the mines. Since this trip, Giustra has donated US$31.3 million to the Clinton Foundation and pledged US$100 million more.
Mired in controversy and scandal, politicians became concerned of Russia controlling significant US production. The pressure was put on and Uranium One was essentially forced to sell key US assets. One junior resource was the benefactor, acquiring critical uranium projects for pennies on the dollar, the same assets that contributed to Uranium One’s C$6.2 billion market cap.
Anfield Resources (CVE:ARY, OTCMKTS:ANLDF, FRA:0AD)
Current Price: C$0.075
Shares Outstanding: 109.4 million
Market Capitalization: C$8.2 million
52-Week Range: C$0.06 – C$0.31
Cash: ~C$2.8 million
Anfield is a near-term production company with assets all in the United States. Its low-risk profile and high return potential have not attracted as much investor attention as this company deserves. Anfield has managed to bypass the long lead times associated with advancing to production through both the acquisition of an existing mill in Utah and an RPA signed with Uranium One to use its existing processing plant. This is a significant differentiator when comparing Anfield to other non-producers or those who aim to reach production in the coming years.
Assets – Prolific Uranium States
In the mining business, companies that make steady progress toward cash flow are rewarded with ever higher valuations. Those with a diversified array of projects at various stages of exploration and development get a nod of approval for risk management.
Anfield has both elements of this strategy. Its assets fall into three groups: conventional, ISR, and exploration.
-ISR (in-situ recovery) assets are the ones that have the potential to be profitable even in an environment of depressed uranium prices. Think of them as a hedge against future uncertainty. The company bought 24 ISR-amenable assets with a historical resource of ~37 million pounds in September 2016.
As part of that transaction, Anfield has also got access to 395,000 feet of historical drilling and resource databases that will help it focus on the most value-adding areas.
When these assets reach production stage (and it sounds more like a question of “when,” not “if”), the company will produce without too much upfront cost or permitting delays. As part of the same Wyoming transaction, it secured the right to process up to 500,000 pounds of mined material per year at Uranium One’s Irigaray processing plant. Another key component of this agreement includes the ability of Anfield to buy or borrow uranium material from Uranium One to fulfill any utility contract it signs. This provides a backstop with one of the largest uranium producers and makes utilities more inclined to sign long-term contracts with Anfield.
-Conventional assets – Anfield’s other key asset is its 750 tonnes-per-day Shootaring Canyon mill. The mill is located in Garfield county, Utah. It is one of the only three licensed, permitted, and constructed conventional uranium mills in the United States. The area where Shootaring Canyon is located has been historically one of the most prolific uranium production areas in the country.
Anfield plans to advance Shootaring Canyon and other conventional assets in anticipation of higher uranium prices.
The company’s outline of how it plans to get to production stage looks like this:
Anfield is doing the work required to advance its projects along these milestones. Also in 2016, it applied to upgrade its Shootaring Canyon mill’s radioactive materials license from standby to operational status.
Another key conventional asset is Velvet-Wood Mine, also located in Utah. Specifically, in the Lisbon Valley Uranium District production area, which historically was Utah’s largest uranium production area.
Anfield acquired the Velvet-Wood Mine in 2015 together with Shootaring Canyon. Since then, the company released a PEA for this asset.
In terms of resources, the PEA says that Velvet-Wood Mine hosts over 5 million pounds of U3O8 that can be mined using conventional methods.
(Source: Anfield Resources)
Most of the value of this project, though, is not in the amount of resources it has but in its capital return potential.
(Source: Anfield Resources)
The economics the Velvet-Wood Mine were done using $65/lbs, offering optionality as uranium prices increase. The most important fact that the PEA confirmed is the low-risk nature of the Velvet-Wood Mine. Portions of deposit have been successively mined in the past; uranium has been successfully extracted from mined material via conventional milling; and the project has some of the required operating permits and facilities in place.
In other words, the project does not suffer from any particular technical problems that would make it hard to restart.
BRS, the company that prepared this report, says that the project will likely start no earlier than mid-2018.
Anfield continued its collaboration with BRS and in March 2017 it announced that BRS would prepare a number of NI 43-101 compliant technical reports for the company’s 24 properties located in Wyoming, supplying the company with a steady stream of material news flow in the near-future.
(Source: Anfield Resources)
Resource delineation is the number one step in advancing these projects. And Anfield will not be starting from scratch. As part of its September 2016 transaction, Anfield purchased a database that contains historic resource estimates and other information that would help the company identify development potential.
One of the key characteristics of this batch of projects is that a lot of them are located close to existing ISR production bases. If needed, and to speed up cash flow generation, Anfield can potentially sign other processing agreements like the one it has now with Uranium One. It will dramatically help it reduce the amount of time needed to get these assets to production.
The first technical report was not long in the making. In April 2017, BRS has announced the results of the first NI 43-101 technical report. The report covers the Red Rim uranium project.
Anfield is advancing its projects at an impressive speed. But it doesn’t depend on its own efforts only. One of the overlooked assets in its asset base is a royalty portfolio that it acquired during the September 2016 transaction with Uranium one.
-2{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} to 4{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} sliding scale production royalty on Azarga Uranium’s (TSE:AZZ) Dewey Burdock project in Custer and Fall River Counties, South Dakota
-2{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} NSR on Western Uranium’s (CNSX:WUC) San Rafael project in Emery County, Utah
-2{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} to 4{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} sliding scale gross value royalty on Energy Fuels’ (TSE:EFR) Whirlwind project in Grand County, Utah.
-1{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} royalty on Energy Fuels’ (TSE:EFR) Energy Queen project in San Juan County, Utah.
The royalties are all on established projects, and will offer enormous torque. The Dewey Burdock project is the most advanced and the royalty is conservatively worth CA$4.1 million at current uranium prices. Compare this to Anfield’s current market cap of C$8.2 million.
Lastly, the company has cranked up its exploration and evaluation spending. In 2016, it spent C$1.6 million on these activities, over five times more than the C$278,000 it dedicated to advancing its projects in 2015.
Capital – Grinding & Closing Financings
Despite the higher costs, Anfield managed to stay afloat and deliver value through a series of successful equity offerings.
The most recent one closed in March 2017. Anfield initially planned to raise C$1.5 million by issuing 15 million shares at 10 cents each but as the demand for its shares soared it ended up raising almost twice as much. On March 6, it closed a private placement that attracted $2.9 million in new capital.
As well as growing its projects organically, Anfield is going to continue pursue M&A opportunities. Historically, it managed to build an impressively diversified portfolio through a series of M&A transactions. We expect this trend to continue into the future.
The fact that the company is so well-positioned to benefit from multiple uranium price environments already tells us that the management knows what it’s doing.
The company has been navigated through the bear markets by Corey Dias, who earned his stripes as an equity analyst and fund manager.
To assist him, he has Robert Scott Lumadue at his side. Mr. Lumadue has over 38 years of experience in the uranium industry, and will help in uranium sales and marketing. Mr. Lumadue will be the bridge to U.S. utilities and nuclear conversion facilities, Anfield’s future customers. Utility sales contracts will be a key component of the company’s sustainable cash flow so hiring a person with relevant experience for so many years is an invaluable asset.
Besides the executive team, Anfield has an impressive roster of directors with almost 100 years of technical and consulting experience, including environmental and regulatory affairs, uranium sales and marketing, utility fuel procurement, and geological definition and interpretation.
Anfield is a pure-uranium company and has a clearly defined value proposition coming from its long-term assets and its nearer-term counterparts. Its current share price is a great entry point, and like our other uranium recommendations, will definitely be a longer-term hold. As mentioned earlier, we are going to see a series of resource estimates coming from Anfield’s Wyoming properties. This should cause some much needed liquidity and eye balls to the stock.
Palisade Global Investments Limited holds shares of Anfield Resources. We receive either monetary or securities compensation for our services. We stand to benefit from any volume this write-up may generate. The information contained in such write-ups is not intended as individual investment advice and is not designed to meet your personal financial situation. Information contained in this report is obtained from sources we believe to be reliable, but its accuracy cannot be guaranteed. The opinions expressed in this report are those of Palisade Global Investments and are subject to change without notice. The information in this report may become outdated and there is no obligation to update any such information. Do your own due diligence.
- Published in Anfield Resources, Blog, Mining