Equitorial Exploration Now Trading on the OTCQB
Momentum Public Relations
Press Release: July 31, 2017
Vancouver, BC, Canada / TheNewswire / July 31, 2017 – Equitorial Exploration Corp. (TSX-V: EXX, Frankfurt: EE1, OTCQB: EQTXF) (“Equitorial” or “Company”) is pleased to report that the shares of the Company are now listed for trading in the United States on the OTCQB Exchange under the trading symbol EQTXF.
Electronic Settlement in the USA via DTC
In addition, the Company will be making its common shares eligible for book-entry delivery and depository services of The Depository Trust Company (the “DTC”) to facilitate electronic settlement of transfers of its common shares in the United States. DTC Eligibility means that a public company’s securities can be deposited through DTC. DTC serves as the centralized clearinghouse for more than 50 exchanges and equity trading platforms in the U.S., maintaining multiple data and operating centers worldwide and providing strong business continuity and around-the-clock support. Their depository provides custody and asset servicing for securities issued from 131 countries.
About Equitorial Exploration Corp
Equitorial is aggressively developing three 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}-owned, high-potential, lithium projects in North America. The Little Nahanni Pegmatite Group (LNPG) is a 43-101 compliant, hard rock, lithium property in the NWT. The Tule and Gerlach Lithium Brine Projects are located in lithium-rich Utah and Nevada within easy reach of the Tesla Gigafactory #1.
All three projects have demonstrated highly encouraging grades and Equitorial intends to actively explore these Lithium opportunities in the coming season.
For more information please visit: http://www.equitorial.ca
On behalf of the Board of Directors
EQUITORIAL EXPLORATION CORP.
_____________________
Jack Bal, CEO and Director
For further information, please contact Jack Bal at 604-306-5285
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.
Copyright (c) 2017 TheNewswire – All rights reserved.
- Published in Equitorial Exploration, Mining, News Home
Albert Mining Inc. (Formerly known as Majescor Resources Inc.) to trade under new symbol – AIIM
Albert Mining Inc. (Formerly known as Majescor Resources Inc.) to trade under new symbol – AIIM
Momentum Public Relations
Press Release: July 31, 2017
Ottawa, Ontario / TheNewswire / July 31, 2017 – Majescor Resources Inc. (the “Company”) (TSX-V: MJX) is pleased to announce that it has received the final approval from the TSX Venture Exchange (“TSX-V”) regarding its name and symbol change. Accordingly, effective as of the opening on the market on Tuesday, August 1, 2017, the common shares of Albert Mining Inc. (formerly known as Majescor Resources Inc.) will commence trading on the TSX-V under the new symbol “AIIM” and the new CUSIP number 012847109.
As previously announced, the name change was approved by shareholders on July 14, 2017. The Company filed articles of amendment, effective today, formally changing the corporate name to “Albert Mining Inc.”
About Albert Mining Inc.
Albert is a junior mining exploration company with an extensive portfolio of gold and diamond properties in Quebec. Albert also recently acquired assets from DIAGNOS Inc.’s mining division, including the Computer Aided Resources Detection System (“CARDS”). Albert can count on a multidisciplinary team that includes professionals in geophysics, geology, Artificial Intelligence, and mathematics. The Company’s objective is to develop a new royalty stream by significantly enhancing and participating in the exploration success rate of mining.
For further information, please contact:
Michel Fontaine
President and CEO of Albert Mining Inc.
Telephone: 514-994-5843
Fax: 613-422-0773
Email: michel@albertmining.com
Website: www.albertmining.com
Copyright (c) 2017 TheNewswire – All rights reserved.
- Published in Albert Mining, Mining, News Home
Two Diamond Legends Reunite For Next Big Discovery
Two Diamond Legends Reunite For Next Big Discovery
Baystreet Staff – Thursday, July 27, 2017
We’ve been bullish on the future of diamonds for as long as we can remember. The trick is, of course, finding the right company to invest in. Open-pit diamond mines can command premium prices like nothing else in the resource sector, but they’re hard to find with only select pockets globally available. Washington Companies this month offering to pay $1.2 billion for Dominion Diamond Corp. and DeBeers re-upping its partnership with Nambia for offshore diamond dredging efforts have reinvigorated our attention to this investment space.
There is still strong diamond demand and expectations for that to continue for decades to come. There’s a good reason that Washington is willing to pay a 44{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} premium for Dominion and for DeBeers to ink a ten-year agreement with Nambia to scour its seabed for diamonds washed out to sea by the Oranje river.
It’s also more than adequate information telling us that now is the time to get into a diamond miner with strong upside. And we’ve found one in Arctic Star Exploration Corp. (TSX-V: ADD)(OTCPK: ASDZF).
A Nose for Diamonds
Believe it or not, there is a common thread between little Arctic Star and Dominion Diamonds’ 40{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} stake in the Diavik Mine that Washington Companies is paying a premium for. His name is Buddy Doyle, currently Vice President Exploration and Director at Arctic Star. Doyle previously worked at Rio Tinto (NYSE: RIO) for over 23 years, most recently serving as Exploration Manager / VP of Kennecott Canada Exploration, a unit of Rio Tinto, where he was in charge of diamond exploration in North America.
Doyle was a key member of the Kennecott Exploration Australia team that discovered the multi-million ounce Minifie gold deposits at Lihir in 1987-1988 and he also led the team that discovered the Diavik diamond deposits in Canada in 1994-1995. Rio still owns 60{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the Diavik Mine, which produced 6.6 million carats of diamonds in 2016.
If you think about multi-billion-dollar mines, it’s quite an accomplishment to be a part of one discovery. Doyle has done it twice. That’s why he is recognized across the industry as an expert in kimberlite geology – areas of igneous rock named after the 83.5-carat diamond found in the same geology in Kimberley, South Africa in 1869 – and authored or co-authored numerous industry papers on the subject. So, when Doyle says he likes what he sees for a new diamond find, it makes our ears perk up.
Now add in Roy Spencer, who just joined Arctic’s board of directors two weeks ago. Who is Roy Spencer, you may ask? He is the man who discovered the multi-billion-dollar Grib Kimberlites in Russia, as well as the Wolf Kimberlites in Finland. Late in 2016, the Russian investment group Otkritie Holding acquired the Grib mine, which produced 4.5 million carats of diamonds last year, from Lukoil for $1.45 billion.
It’s also worth noting that the nearby Lomonosova Mine of Alrosa has been producing at commercial scale since 2005. The deposit consists primarily of six kimberlite pipes, with resources estimated at over 115 million carats of diamonds.
The two diamond-bearing kimberlite gurus have collaborated previously on diamond projects in Finland and on the development of the Liqhobong Diamond Mine in Lesotho, South Africa.
Arguably two of the most accomplished diamond explorers in the world uniting to work on another project together grabs our attention for sure.
Black Wolf and White Wolf
Spencer, Doyle and the rest of the seasoned Arctic Star team believe that they could have a district-scale discovery with the Wolf kimberlites in Finland, about 24 kilometers from the Russian border. To that end, the company this month inked an agreement to acquire a 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} interest in a 243-hectare Exploration Permit over the Black Wolf (Masta Susi) and the White Wolf (Valkoinen Susi) diamond bearing kimberlites, which are collectively referred to as the “Wolf kimberlites” by the company for the sake of simplicity.
In the words of Spencer, “Kimberlites are likely to occur in fields – also known as clusters – which typically contain 30 or more separate kimberlites. The Wolf kimberlites are just the first discoveries in a more extensive cluster.”
Moreover, Arctic Star filed an application for an Exploration Reservation spanning some 95,700 hectares surrounding its 243 hectares, giving the company exclusive rights to acquire more permits over the next two years. To add some color to the size of the property, consider that 96,000 hectares is equal to about 370 square miles, a land mass larger than all but 14 cities in the U.S., including the likes of Dallas, San Diego, Indianapolis and New York City.
Broadly, the combined regional exploration and diamondiferous kimberlite property has been named the Timantti Project, making use of the Finnish word for “diamond.”
Timantti could be part of what is known as the Karelian Craton, a geological formation that hosts world-class deposits in Russia. Cratons are characterized as parts of the earth’s crust that have remained stable for approximately three billion years and act as the primary source of diamonds globally.
For the sake a brevity and because it gets quite technical, we’re not going to go deep into the geology of Timantti. However, a NI 43-101 report has been filed with SEDAR by Arctic Star, lending evidence of the diamond-bearing nature of the Wolf kimberlites. The discovery was made by Spencer while at European Diamonds in 2005 by drilling a low-magnitude magnetic high anomaly at the head of a prominent G10 pyrope garnet-bearing kimberlitic indicator mineral train they had traced over 30 kilometers. Eight angled diamond drill holes and trench sampling further added to a body of evidence confirming diamond resources exist on the project.
Latest Evidence of Diamonds
What we do want to point out is that yesterday Arctic Star disclosed receiving more diamond results from the White Wolf kimberlite. The company took advantage of the Finnish Geological survey’s policy of storing core samples at its facility in Loppi and the fact that the Finnish authority permitted Spencer to take another look at the prior samples.
A 48.65 kilogram split core was analyzed through caustic fusion by the Saskatchewan Research Council laboratory in Saskatoon. The results showed a total of 111 diamonds, 47 of which were greater than 0.106mm and six that were greater than 0.60mm, including one at 1.18mm.
Additional assays from earlier surface sampling by Arctic Star analyzed at the Microlithics Laboratory in Thunder Bay also showed diamonds at White Wolf, including 58 stones in an 18.9-kilogram sample and 169 stones in a 67.55-kilogram sample.
What’s Next
These microdiamonds being found is tantamount to the potential for a large kimberlite discovery. The majority of diamondiferous kimberlites around the world show an exponential relationship between the number of small diamonds and large diamonds. The next step will be to commence a drill program to collect more caustic fusion samples, and delineate the size and shape of the kimberlites. This program would commence on the completion of ground geophysical surveys designed to help plan this drill program.
In short, better define White Wolf and Black Wolf and look to collect data on new kimberlite discoveries at Timantti. In our view, corporate value will continue to build based upon the two known kimberlites alone and proof of additional clusters will lead to talk of Spencer and Doyle “doing it again” to add to the billions of dollars’ worth of diamond discoveries already in their C.V.’s.
Given the impeccable credentials and legacy of massive diamond discoveries by the Arctic Star leadership and the exploration work to date suggesting a strong diamond resource, it is a bit surprising to us that the company is still only commanding a market capitalization of less than C$12 million. We view this pullback from a 52-week high at 37.5 cents to around 20 cents as an unquestionable opportunity for us to start building our position in Arctic Star.
Legal Disclaimer/Disclosure: This document is not and should not be construed as an offer to sell or the solicitation of an offer to purchase or subscribe for any investment. No information in this Report should be construed as individualized investment advice. A licensed financial advisor should be consulted prior to making any investment decision. We make no guarantee, representation or warranty and accept no responsibility or liability as to its accuracy or completeness. Baystreet.ca assumes no warranty, liability or guarantee for the current relevance, correctness or completeness of any information provided within this Report and will not be held liable for the consequence of reliance upon any opinion or statement contained herein or any omission. Baystreet.ca has been compensated five thousand dollars for its efforts in distributing the ADD profile on its web site and distributing it to its database of subscribers. Furthermore, we assume no liability for any direct or indirect loss or damage or, in particular, for lost profit, which you may incur as a result of the use and existence of the information, provided within this Report.
- Published in Arctic Star Exploration, Blog, Mining
Sage Gold Receives Final Tranche of Clavos Financing
Sage Gold Receives Final Tranche of Clavos Financing
Momentum Public Relations
Press Release: July 27, 2017
TORONTO, ONTARIO–(Marketwired – July 27, 2017) – Sage Gold Inc. (“Sage” or the “Company”) (TSX VENTURE:SGX) has drawn down the third and final tranche of the gold prepayment facility from Cartesian Royalty Holdings Pte. Ltd. (“CRH“) to fund the ongoing re-opening of its Clavos gold project (“Clavos“) in Timmins, Ontario.
The third and final tranche draw down of $3.26 million was subject to certain conditions which have been fully satisfied. The CRH gold prepayment facility has provided $9.65 million to Sage, of which $7.22 million has now been received to fund the ongoing start-up and capital expenditures at Clavos.
Nigel Lees, President and CEO commented, “We are pleased to receive the final tranche of the gold prepayment financing. Our mine restart program is going well and the underground workings are in excellent condition. We are on time and on budget to ship to the mill for processing mineralized material in September.”
The historical underground workings include roughly 7 kilometres of underground development and extend down to the 300 metre level. Historical expenditures incurred by the previous operator and the Company prior to the restart of Clavos have exceeded $70.0 million.
Mine dewatering at Clavos commenced in the beginning of 2017 and is currently at the 225 metre level. The dewatering of the entire underground infrastructure is expected to be complete by the fourth quarter of this year. Currently, several stopes are available for mining above the 225 metre level. The Company is beginning to stockpile mineralized material extracted from the 150 metre East level using a combination of broken stope material that was left in place by the previous operator, and material developed through Sage’s ongoing definition drilling. An extensive definition drilling program has been underway since May 2017 and the exploration phase of the planned 9,300 metre underground drilling program will commence next month. The Company will provide a full operational update and initial drilling results on Clavos shortly.
Sage currently plans to complete a reserve estimate and a pre-feasibility study on Clavos. In the event that a production decision is made that is not based on a feasibility study of mineral reserves demonstrating economic and technical viability prepared in accordance with National Instrument 43-101, readers are cautioned that there is increased uncertainty and higher risk of economic and technical failure associated with such a production decision.
Robert Ritchie P.Eng., the General Manager of the Clavos Project, is a qualified person (“QP”) under National Instrument 43-101 and has reviewed and approves the technical content of this news release.
Shares for Debt
Sage further announces that it intends to complete a debt settlement transaction (the “Debt Settlement“) with certain creditors (“Creditors“), providing for the settlement of $94,544 through the issuance of an aggregate of 472,000 common shares of the Corporation (“Common Shares”) at a deemed issue price of $0.20 per Common Share. The Debt Settlement is subject to regulatory approval. The Corporation expects to complete the Debt Settlement shortly after such approval is obtained.
About Sage Gold
The Company is a mineral exploration and development company with primary interests in advanced exploration properties in Ontario. Its main properties are the 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}-owned Clavos Gold property in Timmins, the 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}-owned Onaman property, and other exploration properties in the Beardmore-Geraldton Gold Camp. Technical reports and information relating to the properties can be obtained from the System for Electronic Document Analysis and Retrieval (SEDAR) website at www.sedar.com and www.sagegoldinc.com.
CAUTIONARY STATEMENT: 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 news release may contain forward looking information and the Company cautions readers that forward-looking information is based on certain assumptions and risk factors that could cause actual results to differ materially from the expectations of the Company included in this news release. This news release includes certain “forward-looking statements”, which often, but not always, can be identified by the use of words such as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. These statements are based on information currently available to the Company and the Company provides no assurance that actual results will meet management’s expectations. Forward-looking statements include estimates and statements with respect to the Company’s future plans, objectives or goals, to the effect that the Company or management expects a stated condition or result to occur. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results relating to, among other things, results of exploration, metallurgical processing, project development, reclamation and capital costs of the Company’s mineral properties, and the Company’s financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as, but are not limited to: failure to identify mineral resources; failure to convert estimated mineral resources to reserves; the preliminary nature of metallurgical test results; delays in obtaining or failures to obtain required governmental, environmental or other project approvals; political risks; uncertainties relating to the availability and costs of financing needed in the future; changes in equity markets, inflation, changes in exchange rates; fluctuations in commodity prices; delays in the development of projects; capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry; and those risks set out in the Company’s public documents filed on SEDAR.
This list is not exhaustive of the factors that may affect any of the Company’s forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on the Company’s forward-looking statements. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
Shares outstanding: 76.6 million
CONTACT INFORMATION
-
Nigel Lees
President and CEO
416-204-3170
nlees@sagegoldinc.com
www.sagegoldinc.com
Defiance Appoints New President and CEO
Momentum Public Relations
Press Release: July 26, 2017
Vancouver, British Columbia–(Newsfile Corp. – July 26, 2017) – Defiance Silver Corp. (TSXV: DEF) (OTC: DNCVF) (“Defiance”) is pleased to announce the appointment of Mr. Roy Bonnell to the position of President and CEO. Mr. Bonnell has over 20 years of experience in venture capital investment, finance and mergers & acquisitions. Mr. Bonnell provides Defiance with the financing and management abilities necessary to rapidly advance and grow the San Acacio Silver deposit in Mexico.
From 2007-2015, Mr. Bonnell served as President and CEO of Argex Titanium Inc., overseeing its rapid expansion from a mining exploration company to an emerging specialty chemical producer. Argex grew to be the Second Best Performing Mining stock on the Venture’s 2013 Top 50 list. From 2005-2009, he was Managing Director & Founder of Atwater Financial Group, an independent financial and strategic advisory service. He also served at investment dealers and merchant banks including Dundee Securities Limited, Hampton Securities Limited, Benvest Associates Inc. and Two Roads Investments Inc.
Mr. Bonnell is a graduate of the London School of Economics (1995) where he received a M.Sc. in Accounting and Finance; McGill University (1993) where he received a MBA, University of Western Ontario (1991) where he received an LL.B and Queen’s University where he received a B.A.H. (Political Studies). He has been a member of the Law Society of Upper Canada since 1996.
“Defiance’s San Acacio Silver Deposit is on track to become one of Mexico’s premier high grade wide-vein silver deposits,” commented Mr. Bonnell. “I look forward to working with the company’s experienced technical and management team in advancing San Acacio further as the project’s significant exploration potential remains open along strike and at depth. Our goal is to aggressively drill and grow the resource at San Acacio.”
Defiance also announces the resignation of Mr. Bruce Winfield. The Board wishes to thank Mr. Winfield for his hard work and dedication as President, CEO and Director over the past 6 years. Mr. Winfield has agreed to stay on as an advisor to ensure a smooth transition.
Defiance has granted under its Stock Option Plan, options to purchase an aggregate of 300,000 common shares to officers of the company. The options are exercisable for 5 years at an exercise price of $0.31 per share.
A Panoramic Video on the San Acacio Deposit is available on our website, or Click Here to visit our Defiance YouTube Channel. Defiance Silver Corp. is a silver explorer and developer advancing the San Acacio Deposit, located in the historic Zacatecas Silver District of central Mexico. Defiance is managed by a team of proven mine developers with a track record of exploring and developing 7 operating mines to date. Defiance’s corporate mandate is to expand San Acacio to become one of Mexico’s premier high grade wide vein silver deposits.
On behalf of Defiance Silver Corp.
“Peter J. Hawley“
Chairman of the Board, Director
For more information, please contact: Sunny Pannu — Corporate Development (604) 669 7315 or via email at pannu@defiancesilver.com.
2300 – 1177 West Hastings Street Vancouver, BC V6E 2K3 |
www.defiancesilver.com Tel: 604-669-7315 Email: info@defiancesilver.com |
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
- Published in Defiance Silver, Mining, News Home
Hillcrest Obtains Alberta Energy Regulator Operator License Approval
Hillcrest Obtains Alberta Energy Regulator Operator License Approval
Momentum Public Relations
Press Release: July 26, 2017
VANCOUVER, B.C. / TheNewswire / July 26, 2017 – Hillcrest Petroleum Ltd. (the “Company” or “Hillcrest”) is pleased to announce that the Company has been approved by Alberta Energy Regulator (AER) to Operate oil and gas assets in Alberta. This is an important step for Hillcrest to move forward with the Alberta part of its work program to re-establish production from oil and gas assets in Alberta and Saskatchewan under its recently announced Joint Venture Agreement.
As previously announced May 10, 2017, Hillcrest signed a binding Joint Venture Agreement (the “JV Agreement”) with a Canadian oil and gas company (“Juniorco”) whereby the Company, via a wholly owned subsidiary, will earn up to a 75{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Working Interest and Operate two petroleum assets located in Western Canada (the “Fields” or “Assets”). The Company expects to restore combined production from the Fields to approximately 400 barrels of oil per day (“bopd) by providing capital funding and technical expertise.
The JV Agreement is consistent with the letter agreement initially signed by the parties and announced on February 21, 2017. Select Primary terms of the JV Agreement are as follows:
-The Company, appointed as operator, will earn up to 75{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the Juniorco’s Working Interest in the Fields by contributing technical expertise and funding to restore production from the Fields. Hillcrest’s Working Interest will revert to 50{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} once the Company has recovered all production restoration costs from the production revenues. Gross production from both Fields collectively is expected to be approximately 400 bopd upon restoration.
-Hillcrest has arranged third party project funding, and these funds are to be provided on a non-dilutive basis to Hillcrest shareholders. Total project funding, including the placement of Operator deposits and Licence Liability Rating (LLR) Bonds, is estimated to cost CDN$2,200,000. Project funding will be secured by both the Assets and the Company.
-Approximately CDN$900,000 in project costs is required to re-establish production from the Fields by way of equipment installation and upgrades, and well work-overs. These projects are expected to reduce operating expenses and restore production, thereby increasing the operating netbacks.
-Project costs include the placement of approximately CDN$1,300,000 in LLR Bonds. The Company expects to recover these LLR Bonds once economic production from the Fields has been re-established for a certain period of time, thereby substantially reducing the net investment in the project.
-This transaction is subject to TSX Venture Exchange approval.
“The first step required to move forward with restoring production has been reached.” Don Currie, Hillcrest Petroleum CEO, states: “Being approved as operator in the Province of Alberta was required for Hillcrest too coordinate work programs with local service companies and vendors. The Company will update the shareholders as we progress towards production of the assets.”
For more information on Hillcrest Petroleum Ltd, contact Don Currie toll free at 1-855-609-0006 or visit the Company’s website at www.hillcrestpetroleum.com
ON BEHALF OF THE BOARD
Donald Currie
Chief Executive Officer and Director
Cautionary Statement Regarding “Forward-Looking” Information
Some of the statements contained in this news release are forward-looking statements and information within the meaning of applicable securities laws. Forward-looking statements and information can be identified by the use of words such as “expects”, “intends”, “is expected”, “potential”, “suggests” or variations of such words or phrases, or statements that certain actions, events or results “may”, “could”, “should”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking statements and information are not historical facts and are subject to a number of risks and uncertainties beyond the Company’s control. Actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements contained in this news release. Accordingly, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements, except as may be required by law.
Neither TSX Venture Exchange nor its Regulations 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.
Copyright (c) 2017 TheNewswire – All rights reserved.
- Published in Hillcrest Petroleum, News Home, Oil and Gas
Arctic Star: 111 Diamonds in 48.65kg of Kimberlite Core Sample in Finland
Arctic Star: 111 Diamonds in 48.65kg of Kimberlite Core Sample in Finland
Momentum Public Relations
Press Release: July 26, 2017
Vancouver, British Columbia–(Newsfile Corp. – July 26, 2017) – Arctic Star Exploration Corp. (TSXV: ADD) (FSE: 82A1) (WKN: A2DFY5) (“Arctic Star” or the “Company”) is pleased to announce that the Company has received more diamond results from the White Wolf kimberlite in Finland.
The Finnish Geological survey (GTK) has a policy of storing core from exploration and the Company was fortunate to learn that much of the core from the past drilling was available at the GTK core storage facility at Loppi, north of Helsinki. Roy Spencer, Arctic Star director was given access to the core, which was reviewed, in part re-logged and then sampled. Permission to take 48.65kg of split core for further caustic fusion analysis was given, and the samples were sent to the Saskatchewan Research Council laboratory in Saskatoon. The drill core was of NQ size and was split by core splitter, and the results are as follows.
Table 1: Micro-diamond assay results for diamond drill core recently sampled by Arctic Star, White Wolf kimberlite.
Kimberlite | Sample Weight Kg | +0.106 mm |
+0.15 mm |
+0.212 mm |
+0.3 mm |
+0.425 mm |
+.60 mm |
+.85 mm |
+1.18 mm |
Total Stones |
White Wolf | 48.65 | 47 | 35 | 11 | 11 | 1 | 5 | 0 | 1 | 111 |
These results represent approximately 52.7m of core.
The results of the earlier due diligence surface sampling undertaken by Arctic Star are reported in table 2. In this case the samples were sent to the Microlithics Laboratory in Thunder Bay for caustic fusion analysis. These results are as follows.
Table 2: Micro-diamond assay results for the Arctic Star surface samples reported previously, White Wolf kimberlite.
Kimberlite | Sample Weight Kg | +0.106 mm |
+0.15 mm |
+0.212 mm |
+0.3 mm |
+0.425 mm |
+.60 mm |
Total Stones |
White Wolf | 18.9 | 23 | 16 | 13 | 4 | 2 | 0 | 58 |
Table 3: Total Micro-diamond assay results for the White Wolf kimberlite table 1 plus table 2.
Kimberlite | Sample Weight Kg | +0.106 mm |
+0.15 mm |
+0.212 mm |
+0.3 mm |
+0.425 mm |
+.60 mm |
+.85 mm |
+1.18 mm |
Total Stones |
White Wolf | 67.55 | 70 | 61 | 24 | 15 | 3 | 5 | 0 | 1 | 169 |
- Microlithics Laboratories Inc., of Thunder Bay, ON (“Microlithics”) is independent of the issuer, and is not ISO accredited. Kevin Kivi, P.Geo. has audited Microlithics to verify sample preparation and analytical methods for diamond recovery were appropriate.
- SRC of Saskatoon, SK is independent of the Issuer and is ISO accredited.
- There was a chain of custody in use for these samples, supervised by GTK.
- Diamonds results reported using CIM guidelines.
Microdiamonds can be used as a predictive guide to diamond grade by constructing graphs of size (Carats or mm) versus frequency (number of stones). The majority of diamondiferous kimberlites around the world show an exponential relationship between the number of small diamonds and large diamonds and the goal at this stage of evaluation is to gather enough caustic fusion sample to construct a smooth distribution through the sieve sizes shown in the above tables. The next step will be to commence a drill program to collect more Caustic fusion samples, and delineate the size and shape of the kimberlites. This program would commence on the completion of ground geophysical surveys designed to help plan this drill program.
About Arctic Star: Arctic Star is an experienced diamond and mineral exploration company, with diamond exploration properties in Nunavut (Stein), the NWT (Diagras and Redemption) and in the Athabasca Basin of SK. The Company has been planning and de-risking its entry to Finland over the last year, and is pleased to present what it believes is the pre-eminent new field opportunity to shareholders in the Timantti Project.
ON BEHALF OF THE BOARD OF DIRECTORS OF
ARCTIC STAR EXPLORATION CORP.
“Patrick Power”
Patrick Power, President
+1 (604) 689-1799
Qualified Persons: The content of this news release has been read and approved by Roy Spencer, FAusIMM, a Director of the Company who is the qualified person for this news 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.
Forward-Looking Statements: Certain statements in this press release are forward-looking statements within the meaning of applicable securities laws. Forward-looking statements in this press release include that the Timantti Project offers high potential for numerous further diamond-bearing kimberlite discoveries; Arctic’s drilling and surveying plans and the expected outcome of those plans; that Arctic can swiftly discover more kimberlite on the property; that the Wolf kimberlites themselves may have the potential to be economic; that the transaction will receive TSX approval and will close; the statements that Mr. Spencer will be a strong addition to the ADD discovery team, that the Exploration Reservations contiguous with the acquired claim package would be able to be explored.
Such forward-looking statements and information are subject to risks, uncertainties and other factors which may cause our actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statement. Specific risks included that we may not be able to finance our intended acquisition or intended exploration and we may not obtain regulatory approval for the transaction.
The Wolf kimberlite assets have not been the subject of any recent resource work, much less a feasibility study and as such there is no certainty that any future resource will be defined or be able to produce a commercially marketable product. There is a significant risk that any future efforts at the project will not demonstrate any merit for work to evaluate for a defined NI 43-101 compliant resource and economic study. General risks inherent in the Project include the reliance on available data and assumptions and judgments used in the interpretation of such data, the speculative and uncertain nature of exploration and development, exploration and development costs, capital requirements and the ability to obtain financing, volatility of global and local economic climates, possible political instability, share price volatility, estimate price volatility, changes in equity markets, increases in costs, exchange rate fluctuations and other risks involved in the mineral exploration and development industry. There can be no assurance that a forward-looking statement or information referenced herein will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements or information. Also, many of the factors are beyond our control. Accordingly, readers should not place undue reliance on forward-looking statements or information. We undertake no obligation to reissue or update any forward-looking statements or information except as required by law.
- Published in Arctic Star Exploration, Mining, News Home
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
King’s Bay Commences Exploration Program at Trump Island Copper-Cobalt Project
King’s Bay Commences Exploration Program at Trump Island Copper-Cobalt Project
Momentum Public Relations
Press Release: July 26, 2017
Vancouver, British Columbia (FSCwire) – King’s Bay Resources Corporation (TSX.V: KBG), (FSE: KGB1), a mineral exploration and development company based in Vancouver Canada, is pleased to announce that it has received exploration permit approval and will commence an exploration program on its 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} owned, Trump Island Copper-Cobalt Project on the northern coast of Newfoundland.
King’s Bay has assembled a technical field team to immediately investigate the historical geologic data from the past producing copper-cobalt mine at North Trump Island. Phase 1 of the program will include a localized geophysical survey, grab sampling in existing mine shaft and reconnaissance of the remainder of the island for new showings. Pending positive results, Phase 2 of the exploration program will potentially include a drilling program.
Property Overview
The North Trump Island Property consists of 8 mineral claims encompassing an area of 2 square kilometers and is located 7 kilometers south of town of Twillingate, Newfoundland and Labrador. The property is accessible by boat 1.5 kilometers east from the nearest boat launch at Tizzard’s Harbour on NL Hwy 345.
The property’s history dates back to the mid 1860’s when a 20-foot (6.1 m) shaft was sunk on a mineralized zone of massive chalcopyrite. At the bottom of the shaft, it was reported that the mineralized zone expanded with depth but, due to limited technology, no further excavation could be safely continued. Follow up grab sampling in 1999 by G. Lewis, an experienced local prospector, revealed mineralization assaying up to 3.80{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cu, 0.30{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Co, 2.90 g/t Au and 10.9 g/t Ag near the old Clymo mine shaft. The property has not been drilled to date. The compilation of the recent 1998-99 field work done by Lewis suggests that a more detailed exploration program is warranted.
Exploration History
In 1863 Nicholas Clymo, a miner of Cornwall, United Kingdom visited the area and sunk a pit to a depth of 20 feet (6.1 m) which followed a 3 feet (0.9 m) wide mineralized zone that was said to increase in thickness with depth. He reported that a shipment of high grade copper-cobalt ore was shipped to Swansea, England as documented in the Newfoundland Provincial Mineral Rights Database. This shipment was said to be worth “40 pounds per fathom” (Clymo, 1863). In 1953, J. Kalliokoski of the Newfoundland Geologic Survey headed up a mapping and prospecting program for Newmont Mining Company in the area but no sample assays were reported. In the 1990s, G. Lewis conducted prospecting and limited rock and soil grab samples and filed a first-year assessment report in 1999 with the Newfoundland and Labrador Mineral Titles Branch.
About King’s Bay
King’s Bay is focused on the exploration of cobalt and other high‐tech metals in North America. The Company believes in this emerging fast‐growth sector and will continue to seek out and evaluate properties that show promise for development. King’s Bay Gold Corp is operating as “King’s Bay”.
On Behalf of the Board
Kevin Bottomley CEO, President
For Investment Inquiries please contact:
Brad Hoeppner, Director
O: 604 681 1568
Forward Looking Statements
This news release contains forward-looking information which is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ from those projected in the forward-looking statements. These forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. Risks that could change or prevent these statements from coming to fruition include that the Company may not raise sufficient funds to carry out our plans, changing costs for mining and processing; increased capital costs; the timing and content of upcoming work programs; geological interpretations based on current data that may change with more detailed information; potential process methods and mineral recoveries assumption based on limited test work and by comparison to what are considered analogous deposits that with further test work may not be comparable; the availability of labour, equipment and markets for the products produced; and despite the current expected viability of the project, that the minerals on our property cannot be economically mined, or that the required permits to build and operate the envisaged mine cannot be obtained. The forward-looking information contained herein is given as of the date hereof and the Company assumes no responsibility to update or revise such information to reflect new events or circumstances, except as required by law.
To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/kingsbay07262017.pdf
Source: King’s Bay Gold Corporation (TSX Venture:KBG)
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- Published in King's Bay, Mining, News Home