Sage Gold Delivers Second Shipment to Mill
Momentum Public Relations
Press Release: November 24, 2017
TORONTO, ONTARIO–(Marketwired – Nov. 24, 2017) – Sage Gold Inc. (“Sage Gold” or the “Company”) (TSX VENTURE:SGX) is pleased to announce that the Black Fox-Stock Mill has completed processing a second bulk shipment of mineralized material from the Clavos gold mine.
Similar to the first bulk sample mill run October 13th to 16th, 2017, the mineralized material is comprised primarily of remnant broken material recovered from the mine’s previous owners’ workings along with some new development rock. The first mill run yielded approximately 475 ounces of gold.
In addition, we are pleased to report that substantially all of the Clavos Mine complex has been connected to grid power which will enable increased progress in all areas, including dewatering, drilling and mining.
An exploration and definition drilling program continues with the purpose of updating and increasing the existing mineral resource estimate.
Nigel Lees, President and Chief Executive Officer of Sage Gold commented, “We were pleased with the results of the first shipment. While the second shipment is also comprised of primarily remnant mineralized material, we anticipate future shipments to encompass the existing plus additional work areas that have recently been dewatered and rehabilitated within the lower elevations of the mine.”
The Clavos Mine is located in Timmins, Ontario which one of the most prolific and active gold camps in Canada. The Timmins-Porcupine area has produced well over 100 million ounces of gold in more than a century. The Clavos mine is fully permitted for 700 tonnes a day production.
The operational plans disclosed in this news release have been reviewed and approved by Robert Ritchie P. Eng, who is a Qualified Person (“QP”) as defined in National Instrument 43-101 (“NI 43-101”).
Sage Gold currently plans to complete a Mineral Reserve Estimate and a Pre-Feasibility Study for the Clavos Gold Project in compliance with NI 43-101. In the event that a production decision is made that is not based on a Pre-Feasibility study of Mineral Reserves demonstrating economic and technical viability prepared in accordance with NI 43-101, readers are cautioned that there is increased uncertainty and higher risk of economic and technical failure associated with such production decisions.
About Sage Gold
Shares Outstanding 82,529,430
The Company is a mineral exploration and development company which has primary interests in near-term production and exploration properties in Ontario. Its main properties are the Clavos Gold property, 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} owned, in Timmins and 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 from the Company’s website at 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.
Nigel Lees
President and CEO
416-204-3170
nlees@sagegoldinc.com
www.sagegoldinc.com
Arctic Star Announces Closing of Final Tranche of Oversubscribed Private Placement
Momentum Public Relations
Press Release: November 24, 2017
Vancouver, British Columbia–(Newsfile Corp. – November 24, 2017) – Arctic Star Exploration Corp. (TSXV: ADD) (FSE: 82A1) (WKN: A2DFY5) (the “Company” or “Arctic Star”) announces that it has completed the second and final tranche of its previously announced non-brokered private placement (the “Private Placement”), as described in its News Release dated October 26, 2017. Tranches one and two of the Private Placement raised a total of $1,692,936.10.
Pursuant to tranche two the Company has issued an aggregate of 7,279,361 units (each, a “Unit”) at a price of $0.10 per Unit for gross proceeds of $727,936.10. Each Unit consists of one common share in the capital of the Company (each, a “Share”) and one non-transferable share purchase warrant (each, a “Warrant”). Each Warrant is exercisable into one additional Share at a price of $0.15 per Share for a period of 24 months from the closing date. This Private Placement was oversubscribed and replaces the Private Placement previously announced on July 26, 2017.
The Company plans to use the proceeds from the Private Placement for exploration on its 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} owned Timantti Diamond Project (the “Project”), in Finland, and for general working capital. The project lies within the Karelian Craton, which hosts the Grib and Lomonosov diamond mines. As described in the News Release November 23, 2017, exploration activity including: ground geophysics, till sampling and drilling has commenced on the 243 Ha Exploration Permit. The project also includes a district scale 95,700 Ha Exploration Reservation. Exploration activity can be conducted 12 months of the year.
President and CEO, Scott Eldridge stated “Having closed our oversubscribed financing, we now look forward to exploration results being generated from Timantti, which is one of the last known district-scale diamond fields in the world, that’s near infrastructure. Previous activity has already identified diamonds at surface and diamond-bearing kimberlites on only a small portion of our extensive land package.“
The securities issued under the Private Placement, and the shares that may be issuable on exercise of the Warrants, are subject to a statutory hold period expiring on March 24, 2018.
The Company paid cash finder’s fees of $4,800 to a certain finder and issued 48,000 share purchase warrants (the “Finder’s Warrants”) to one finder in connection with the second tranche of the Private Placement. Each Finder’s Warrant is exercisable into one Share at a price of $0.10 per Share for a period of 24 months from the date of issuance.
ABOUT ARCTIC STAR: The Company owns 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the recently acquired Timantti Diamond Project including a 243 Ha Exploration Permit and a 95,700 Ha Exploration Reservation near the township of Kuusamo, in Finland. The Project is located approximately 450km NW of the operating Grib Diamond Mine in Russia. Arctic is commencing its exploration in Finland on the Timantti Project, where two diamondiferous kimberlites may represent the first finds in a large kimberlite field. The Company also controls diamond exploration properties in Nunavut (Stein), the NWT (Diagras and Redemption) and a rare metals project in BC (Cap). Arctic Star has a highly experienced diamond exploration team previously responsible for numerous world class diamond discoveries.
ON BEHALF OF THE BOARD OF DIRECTORS OF
ARCTIC STAR EXPLORATION CORP.
/s/ Patrick Power
Patrick Power, Executive Chairman
+1 (604) 218-8772
/s/ Scott Eldridge
Scott Eldridge, President and CEO
+1 (604) 722-5381
scott@arcticstar.ca
- Published in Arctic Star Exploration, Mining, News Home
Relevium & HempCo Sign Exclusive Product Agreement for PlanetHemp
Momentum Public Relations
Press Release: November 23, 2017
MONTREAL, QUEBEC–(Marketwired – Nov. 23, 2017) – Relevium Technologies Inc. (TSX VENTURE:RLV)(FRANKFURT:6BX) (the “Company” or “Relevium”), a publicly-traded corporation strategically focused on creating value through the acquisition and development of e-brands, online businesses and e-retail technologies in the Health and Wellness space, is pleased to announce the signing of an exclusive brand and product assignment with HempCo Canada (“HempCo”) for the Planet Hemp brand.
Highlights
- Exclusive Brand and Product Assignment for the PlanetHemp brand
- Relevium will market PlanetHemp products in the US and UK
- Exclusivity for online sales through Amazon, Walmart/Jet and others
- Cooperate in developing new formulations and applications
- Initial 2-year term
Aurelio Useche, CEO of Relevium Technologies stated: “Initially announced on May 10, 2017, this Agreement has been a long time in the making.” Mr. Useche continued: “This Exclusivity Agreement could not come at a better time as people are gearing up for the Holiday Season, and the Relevium Operations Team is gearing up to help people with their post-Holiday wellness plans. Relevium is looking forward to bringing quality PlanetHempproducts to the US and UK in 2018. We also look forward to developing new products with the team at HempCo, especially as the regulatory environment for certain hemp and CBD-infused products becomes more favorable.”
Purpose
Relevium and HempCo have signed an Exclusive Brand and Product Assignment (the “Exclusivity Agreement“). The Exclusivity Agreement confirms that Relevium and HempCo intend to cooperate in the business development, branding, marketing and e-retailing of PlanetHemp and all the Hempco products. This includes proteins, seed, oils, natural bars, pet products and CBD-infused products currently sold by HempCo on a B2B basis and on a B2C basis, through its brand PlanetHemp. The parties have agreed to create value through exclusive e-retailing rights of PlanetHemp in the USA and UK through Amazon and its Website, as well as possible brand extension to sell in Jet, Flipkart, Alibaba and other online retail platforms such as Walmart.com and Costco.com.
Exclusivity
Relevium will sell and introduce new products under the PlanetHemp brand for the United States (USA) and the United Kingdom (UK) as per the above list of e-retailing venues only and unless otherwise approved in writing by HempCo. Additionally, and with HempCo written permission, Relevium might introduce parallel e-commerce brands of the same products in the same territories; for the purposes of pursuing business in platforms that would complement the market strategy and spirit of cooperation in this Agreement.
New Product Lines
In the spirit of cooperation Relevium and HempCo will cooperate in the development of new products, formulations as well as new applications for the Nutrition, Nutraceutical, Fitness Nutrition and Skin-Care markets, to ensure an ongoing pipeline of new products entering the market. Relevium and HempCo respectively have the technical and marketing expertise to develop and brand the exclusive products.
Term of Exclusivity
The initial term of this Agreement shall continue in full force and effect for a period of two (2) years (the “Initial Term”). Provided Relevium has complied with all the terms and conditions and achieved the Minimum Annual Performance Requirements, this Agreement shall be automatically renewed at the end of the Initial Term or any Renewal Term, as the case may be, on the same terms and conditions as set forth herein, save and except the Minimum Annual Performance Requirements which shall be increased in accordance with the terms, for successive periods of three (3) year(s) (in each case a “Renewal Term”).
MINIMUM ANNUAL PERFORMANCE REQUIREMENTS | ||
Year | Annual Period | Dollar Amount (CAD) |
1 UK | January 1, 2018 to December 31, 2019 | $200,000 |
2 UK | January 1, 2019 to December 31, 2020 | $400,000 |
1 USA | January 1, 2018 to December 31, 2019 | $600,000 |
2 USA | January 1, 2019 to December 31, 2020 | $1,200,000 |
total | $2,400,000 |
Cooperation Conditions
The parties have executed a final Agreement and will begin the process in an expeditious manner in order not to miss the post-holiday season in 2018.
About Relevium Technologies
Relevium is a TSXV-listed company focused on growth through the acquisition of businesses, products and/or technologies with a focus on e-commerce in the growing health and wellness sector. Relevium Technologies Inc. also holds patented intellectual property for the use of static magnetic fields for application on wearable devices.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Statements
This press release may contain forward-looking information within the meaning of applicable securities legislation, which reflects the Company’s current expectations regarding future events. Forward-looking information is based on several assumptions and is subject to several risks and uncertainties, many of which are beyond the Company’s control that could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking information. Readers should not place undue reliance on forward-looking statements and forward-looking information and are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake any obligation to update such forward-looking information, whether because of new information, future events or otherwise, except as expressly required by applicable law.
On Behalf of the Board of Directors
RELEVIUM TECHNOLOGIES INC.
Aurelio Useche, President and CEO
Website: www.releviumtechnologies.com
Relevium Technologies Inc.
Edward Ierfino
Investor Relations
(514) 562-1374
eierfino@releviumcorp.com
www.releviumtechnologies.com
- Published in Business, News Home, Relevium Technologies, Technology
Arctic Star Commences Exploration at the Timantti Diamond Project, Finland
Momentum Public Relations
Press Release: November 23, 2017
Vancouver, British Columbia–(Newsfile Corp. – November 23, 2017) – Arctic Star Exploration Corp. (TSXV: ADD) (FSE: 82A1) (WKN: A2DFY5) (“Arctic Star” or the “Company”) is pleased to announce that the Company has commenced its diamond exploration program on its 100 owned Timantti Diamond Project in Finland (“the Project”). The land package includes a 243 Ha Exploration Permit and has a district scale 95,700 Ha Exploration Reservation near the township of Kuusamo. The Project benefits from excellent infrastructure and exploration activity can be conducted all year-round.
Highlights of the Proposed Program:
- Ground Geophysics – Will be conducted over the area of the Exploration Permit which contains the diamondiferous Black and White Wolf kimberlites (together the “Wolf kimberlites”). The ground-based, magnetic, gravity and electro-magnetic surveys are designed to help define the shape and size of the Wolf kimberlites, as well as to detect possible new kimberlite-like anomalies within the area for drill testing.
- 20 Backhoe Till Samples – Will be undertaken in the near vicinity of the Wolf kimberlites to identify potential drill targets based on diamond indicator mineral results.
- Drill Program – Consisting of approximately 8 drill holes (1,500m) including the 2 Wolf Kimberlites. A 500kg drill core sample will be taken from each of the Wolf bodies for caustic fusion analysis. Any additional kimberlite-like targets identified from the ground geophysics will be drilled at this time where appropriate. Table 1 below summarizes the micro-diamond results to date. If new kimberlites are found these will also be further tested to give caustic fusion diamond results.
Table 1: Total Micro-Diamond Assay Results for the White Wolf Kimberlite to Date
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 |
*Sample includes both surface samples and 52.7m of drill core.
Buddy Doyle, VP Exploration stated, “The assay results demonstrate that the Wolf Kimberlites have significant micro-diamond counts comparable in number to those found in economic kimberlites. The current drill program is designed to significantly boost the size of the sample, at which stage the company should have an estimate on the size and the grade of the diamonds, and allow us to make a decision to proceed to bulk sampling.“
Micro-diamonds 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.
- Samples were sent to 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.
- Core was sent to 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. (Geological Survey of Finland).
- Diamond results reported using CIM guidelines.
Qualified Person: 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.
ABOUT ARCTIC STAR: The Company owns 100 of the recently acquired Timantti Diamond Project including a 243 Ha Exploration Permit and a 95,700 Ha Exploration Reservation near the township of Kuusamo, in Finland. The project is located approximately 450km NW of the operating Grib Diamond Mine in Russia. Arctic is commencing its exploration in Finland on the Timantti Project, where two diamondiferous kimberlites may represent the first finds in a large kimberlite field. The Company also controls diamond exploration properties in Nunavut (Stein), the NWT (Diagras and Redemption) and a rare metals project in BC (Cap). Arctic Star has a highly experienced diamond exploration team previously responsible for numerous world class diamond discoveries.
ON BEHALF OF THE BOARD OF DIRECTORS OF
ARCTIC STAR EXPLORATION CORP.
“Scott Eldridge”
Scott Eldridge, President & CEO
+1 (604) 722-5381
scott@arcticstar.ca
Patrick Power, Executive Chairman
+1 (604) 218-8772
- Published in Arctic Star Exploration, Mining, News Home
AtmanCo Announces Revenues up by $2.4m to Reach $2.7m for its Third Quarter of 2017
Momentum Public Relations
Press Release: November 23, 2017
MONTREAL, QUEBEC–(Marketwired – Nov. 23, 2017) – AtmanCo Inc. (“AtmanCo” or the “Company”) (TSX VENTURE:ATW) announces its third quarter results ending September 30, 2017.
Highlights of its third quarter:
- Revenues up by $2.4m from last year to reach $2.7m.
- Order book of $10.5m, up by $9.7m from last year.
- Cash flows from operations of $-1k, up by $129k from last year.
- Closing of the acquisition of VuduMobile Inc. (‘VuduMobile’) on October 1, 2017.
- Signatures of letters of intent for the acquisitions of PlusMobile LLC (‘PlusMobile’) and Services Appwapp Inc. (‘Appwapp’).
« In the third quarter of 2017, we have completed the integration and harmonization of VoxTel activities into AtmanCo and pursued the development of promising business opportunities for the future including those announced in the recent months. Otherwise, due to all those efforts, some opportunities had been delayed but we are confident they would materialize in the coming quarters while growing our revenues and order book accordingly. Moreover, as the continuation of our growth plan in fast growing industries such as messaging, interactive communication and monetization, we are pleased to have completed the acquisition of VuduMobile and come to an agreement to acquire both PlusMobile and Appwapp. This should also allow us to diversify our operations and continue to build our database with the objective of becoming a world leader in the monetization of communication solutions », said President and CEO of AtmanCo, Michel Guay.
The above data includes a summary of highlights. For further information, please consult the Corporation’s interim consolidated financial statement as well as the Management Report for the quarter ended September 30, 2017 at www.sedar.com.
ABOUT ATMANCO
AtmanCo (TSX VENTURE:ATW) is a leader in information technology, owner of several web platforms including VoxTel, Québec Rencontres, VuduMobile, Atman and Bloomed. VoxTel offers various interactive landline and mobile carrier billing phone solutions. Quebec Rencontres is a web and mobile social network application catered to building serious and sustainable relationships. VuduMobile is specialized the text messaging business for enterprises through its unique, user-friendly and bilingual test messaging application et turnkey solution allowing management of text message management programs in all kind of businesses. Atman and its APIs enable companies to optimize their human capital. Bloomed is a cloud-based platform to manage data (smart data) on consumers and their behaviors, which is developed for marketing agencies and their campaigns for the consumer and corporate markets.
AtmanCo Inc.
Michel Guay
Founder, president and CEO
514.935.5959 ext. 301
mguay@atmanco.com
Simon Bedard, CA, CPA, CFA, MBA
CFO
514.935.5959 ext. 304
sbedard@atmanco.com
www.atmanco.com
Equitorial Exploration LEI Number
Momentum Public Relations
Press Release: November 22, 2017
Vancouver, BC, Canada / TheNewswire / November 22, 2017 – Equitorial Exploration Corp. (TSX-V: EXX, Frankfurt: EE1, OTCQB: EQTXF) (“Equitorial” or “Company”) is pleased to report that the Company has been assigned the Legal Entity Identifier (“LEI”) number 529900L8RS3F4W5BRL86. The European Union has adopted regulations that require use of the LEI as a barcode equivalent aimed at pinpointing systemic risks.
About the Legal Entity Identifier (LEI)
The Legal Entity Identifier (LEI) number is a 20-digit alphanumeric code. It is an internationally standardized and globally valid identifier for financial market participants. Its purpose is to clearly and unequivocally identify contracting parties (e.g., companies, banks, and investment funds). It is used to comply with a variety of financial reporting requirements. The Deutsche B?rse Group has stated that “the LEI will clearly assist the regulatory authorities in monitoring and analysing threats to the stability of the financial markets, (but) it can also be utilised by counterparties internally for risk management purposes.”
Equitorial meets the requirement for all companies listed on German Stock Exchanges (ie. Frankfurt Stock Exchange) to have an LEI number by January 3, 2018.
According to the website of the Deutsche B?rse Group, the LEI number will affect most aspects of the securities markets in Europe, including trading, clearing, settlement, custody, collateral and liquidity management, market data and indices. (See http://deutsche-boerse.com/dbg-en/regulation/regulatorytopics/legal-entity-identifier)
About Equitorial Exploration
Equitorial is aggressively developing four 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 Cat Lake Lithium Property in Manitoba, Canada is directly adjacent to the Cat Lake Mineral Project, a highly prospective Lithium property. The Tule and Gerlach Lithium Brine Projects are located in lithium-rich Utah and Nevada within easy reach of the Tesla Gigafactory #1. All four projects have demonstrated highly encouraging grades.
For more information please visit: http://equitorialexploration.com/
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
- Published in Equitorial Exploration, News Home
Albert Mining Inc. Staked 282 Claims Using its Artificial Intelligence Platform
Momentum Public Relations
Press Release: November 21, 2017
Ottawa, Ontario / The Newswire / November 21, 2017 – Albert Mining Inc. (the “Company” or “Albert”) (TSX-V: AIIM), an exploration mining company and a leader in the use of artificial intelligence and advanced knowledge-extraction techniques in the mining sector, is pleased to announce the acquisition of 100 of the 282 claim Ashuanipi gold property covering 141 square kilometers (km2) located 30 km east of Schefferville, Quebec.
Albert has used its proprietary Computer Aided Resource Detection System (CARDS) to stake the best gold targets in the Ashuanipi Sub-Province in Quebec. The work consisted of compiling, processing, and merging available geological, geochemical, geophysical, and topographical data as well as satellite imagery of the Supra-Regional modelling area of 330,900 sq./km. CARDS used 398 variables (magnetic data, lake-bottom sediments and topography) which correspond to
8,264,291 data points at 200 m cell size.
Historic results have previously identified drill hole intersections revealing values of up 2.23 g/t Au over 19.5 meters, 12 km west of the project, and outcrops reaching 171.5 g/t, 8.6 g/t, 4.94 g/t, 1.74 g/t, 1.4 g/t Au, mostly associated with iron formations hosted in the metasediments (International Corona & Sigeom). Approximately 350 rusty zones with various degrees of mineralization were identified in the region (source: International Corona). Many gold anomalies were also identified by analyzing the lake-bottom sediments (source: Sigeom).
Mr. Michel Fontaine, President & CEO of Albert Mining, commented: “I am proud of the progress made in the business model of Albert regarding Exploration. CARDS is a unique computer system that uses powerful algorithms to digitally analyze publicly available and privately owned geological information using an interactive process in constant evolution. Currently, many projects around the world are big in terms of dimension and contain a lot of data (Big Data). Since 2004, CARDS has allowed exploration companies to save significant time and money by identifying areas of focus. The CARDS technology enables companies to reduce the size of their exploration area (in some cases by 97 and to utilize 100 of the data available. Albert is ready to find new deposits.”
The scientific and technical content of this release was approved by Grigor Heba, P.Geo., a qualified person as defined by the National Instrument 43-101.
About Albert Mining Inc. – Where Artificial Intelligence Meets Geology
Albert is a junior mining exploration company with an extensive portfolio of gold, copper and diamond properties in Quebec. Albert also recently acquired all 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
Additional information about the Corporation is available under Albert’s profile on SEDAR at www.sedar.com.
- Published in Albert Mining, Mining, News Home
Anfield Resources to Evaluate Vanadium Potential at its Velvet-Wood Mine
Momentum Public Relations
Press Release: November 21, 2017
VANCOUVER, BC–(Marketwired – November 21, 2017) – Anfield Resources Inc. (TSX VENTURE: ARY) (OTCQB: ANLDF)(FRANKFURT: 0AD) (“Anfield” or “the Company”) announces that it is placing increased emphasis on the vanadium potential of its Velvet-Wood Mine, located in Utah. Anfield has engaged BRS Engineering, Inc. to update Anfield’s NI 43-101 resource report related to the Velvet-Wood Mine to include a vanadium exploration target. The report is expected to be completed within six to eight weeks.
Anfield’s prospective energy partners have shown a greater interest in the Company’s vanadium assets due to the significant upturn in the vanadium price this year. Anfield is also exploring the feasibility of including a vanadium circuit on its Shootaring Canyon uranium mill, which would allow it to process vanadium.
Velvet-Wood Mine
Based upon historical production, the Velvet-Wood Mine has the potential to be a significant source of vanadium. Between 1979 and 1984, Atlas Minerals mined approximately 400,000 tons of ore from the Velvet Deposit at grades of 0.46{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} U3O8and 0.64{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} V2O5, recovering approximately 4 million pounds of U3O8 and 5 million pounds of V2O5.
The current mineral resources of the combined Velvet and Wood mines have been estimated to comprise 4.6 million pounds of U3O8 at a grade of0.29{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} U3O8 (measured and indicated resource) and 552,000 pounds of U3O8 at a grade of 0.32{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} U3O8 (inferred resource). (Source: Velvet-Wood Mine Uranium Project, San Juan County, Utah USA NI 43-101 Mineral Reserve and Resource Report, Author: BRS Inc.; Date: 11/14/2014).
Corey Dias, Anfield’s CEO stated, “Vanadium is increasingly being embraced by battery manufacturers as a core material in the production of batteries to be used in both small-scale and large-scale applications; in fact, vanadium redox-flow batteries (VFBs) have started to grow in influence as energy companies look to improve energy storage. This ranges from grid-scale uses, such as Prudent Technology’s use of a VFB for its solar installation in Italy, to smaller-scale uses such as Warren Buffett’s BYD company using vanadium batteries for its electric vehicles and Subaru using a VFB to power its Subaru G4e vehicle. Vanadium is clearly viewed as an attractive alternative to other battery technology sources. Anfield is fortunate in having two energy metal resources together, both with highly positive demand projections: uranium and vanadium.”
Vanadium – an important commodity in a strategic location
85{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of current vanadium production comes from three countries: China, Russia and South Africa. With increasing geopolitical trade uncertainty, it is clearly an advantage to have a domestic U.S. supply source for a strategic material driving an important new technology. Vanadium has traditionally been used to strengthen steel; however, its recent resurgence has come about due to its large-scale energy storage potential. VFBs have the ability to store mass energy, which potentially strengthens grid stability and the case for electric vehicles, and renewable energy.
Technical advances are driving flow battery technology closer to mass commercialization. In Dalian, China, there are plans to create a 200MW – 800MWh storage station, the largest VFB installation in the world. Since 2014, more than 30 VFB installations have either been deployed or are currently under construction. In addition, the use of VFBs in vehicles has the potential to improve upon lithium-ion batteries by increasing the voltage and energy density metrics. With all the developing needs and uses for advanced battery technology, industry spending on energy storage is expected to reach US$200 billion in 2020 alone — providing attractive marketing opportunities for Anfield.
About BRS
BRS, Inc. is an engineering and geology consulting corporation with expertise in mining and mineral exploration. Of particular note, it specializes in uranium exploration, mineral resource evaluation, mine design, feasibility, mine operations, and reclamation. It has completed numerous uranium projects including technical reports and feasibility studies for underground, open pit, ISR, and conventional uranium mills. Representative projects include technical reports and due diligence for project financing for conventional uranium projects including the Sheep Mountain and the JAB-RD open pit in Wyoming, the Cibola Project in New Mexico, the Coles Hill, Virginia open pit and underground mine, and numerous ISR uranium projects in Wyoming and Paraguay.
Douglas L. Beahm, P.E., P.G., the principal engineer at BRS, has approved the scientific and technical disclosure in the news release. He is a Qualified Person as defined in NI 43-101 with 40 years of professional and managerial experience. Mr. Beahm has a proven track record in a variety of mining and mine reclamation projects including surface and underground mining, heap leach recovery, ISR, and uranium mill tailings projects. Mr. Beahm’s experience includes coal, precious metals, and industrial minerals, but his emphasis throughout his career has been on uranium.
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/Utah – Shootaring Canyon Mill
A 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 conventional uranium assets consist of mining claims and state leases in southeastern Utah, 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 has also signed 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 processing plant in Wyoming. In addition, should Anfield sign uranium sales contracts, the Company can both buy and borrow uranium from Uranium One in order to fulfill some or all of its contracts.
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.
On behalf of the Board of Directors
ANFIELD RESOURCES INC.
Corey Dias, Chief Executive Officer
- Published in Anfield Resources, News Home
Equitorial Exploration Files Permit for 2,000 m Drill Program
Momentum Public Relations
Press Release: November 21, 2017
Vancouver, BC, Canada / TheNewswire / November 21, 2017 – Equitorial Exploration Corp. (TSX-V: EXX, Frankfurt: EE1, OTCQB: EQTXF) (“Equitorial” or “Company”) is pleased to report that the Company has received TSX-V Exchange approval to acquire a 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} recorded and beneficial interest in 3 claims (Catlake Claims) directly adjacent to the Cat Lake Mineral Project owned by Quantum Minerals Corp.
The Company is in the process of filing a work permit in Manitoba to drill 2,000 meters. The drill program will be headed up by Carey Galeschuk, P.Geo a geological consultant, who will also serve as Qualified Person for the purpose of National Instrument 43-101. He is a registered as a professional geoscientist in Manitoba and Ontario with close to 30 years of mineral exploration and project management experience across Canada. He has engaged in exploration with both junior and senior exploration companies in a broad range of commodities including rare metals, base metals, gold, nickel and PGM’s. He has considerable experience in lithium and pegmatite deposits. Currently Mr. Galeschuk provides geological consulting services to a variety of clients.
Cat Lake Lithium Project Summary
- – Adjacent to Cat Lake Mineral Project (previously Irgon Lithium Mine)
– Lithium Corp Cat Lake mine situated on south end Catlake claim block
– Irgon Lithium Mine shaft 150 m from south end of Catlake claim block
– 48 feet of spodumene bearing quartz drilled in 1948 (Manitoba Assessment File 98073)
– Approximately 150km northeast of Winnipeg
– Provincial Highway 314 in southeast Manitoba passes close by the claims
– Please click for a map of the claims: TBD
Cat Lake Mineral Project
QMC Quantum Minerals Corp News Release September 7, 2017 reported:
“Between 1953-1954, the Lithium Corporation of Canada Limited drilled 25 holes into the Irgon Dike and reported a historical resource estimate of 1.2 million tons grading 1.51{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Li20 over a strike length of 365 meters and to a depth of 213 meters (Northern Miner, Vol. 41, no.19, Aug. 4, 1955, p.3). This historical resource is documented in a 1956 Assessment Report by Bruce Ballantyne for the Lithium Corporation of Canada Ltd. (Manitoba Assessment Report No. 94932). This historical estimate is believed to be based on reasonable assumptions and the company/QP has no reason to contest the document’s relevance and reliability.”
The property lies within the southern section of the east-trending Mayville-Cat-Eculid Greenstone Belt (“MCEGB”) located along the northern contact of the Maskwa Lake Batholith. This northern greenstone belt has a similar structural geological setting as the Bird River Greenstone Belt (“BRGB”) which is located along the southern contact of the same batholith, and is parallel to and approximately 18km to the south of the MCEGB. The property is located 20km north of the Tanco Mine Property. The BRGB hosts the world-class Tanco rare element-bearing pegmatite dike. The Tanco Mine went into production in 1969 and produced tantalum, cesium and spodumene (a primary ore mineral for lithium) concentrate. It was previously North America’s largest and sole producer of spodumene (Li), tantalum (Ta) and pollucite (Cs).
About Equitorial Exploration Corp
Equitorial is aggressively developing four 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 Catail Property in Manitoba, Canada is directly adjacent to the Cat Lake Mineral Project, a highly prospective Lithium property. The Tule and Gerlach Lithium Brine Projects are located in lithium-rich Utah and Nevada within easy reach of the Tesla Gigafactory #1. All four projects have demonstrated highly encouraging grades.
For more information please visit: http://equitorialexploration.com/
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
- Published in Equitorial Exploration, News Home
Arctic Star Announces Management and Board Changes
Momentum Public Relations
Press Release: November 21, 2017
Vancouver, British Columbia–(Newsfile Corp. – November 21, 2017) – Arctic Star Exploration Corp. (TSXV: ADD) (FSE: 82A1) (WKN: A2DFY5) (“Arctic Star” or the “Company”) is pleased to announce the appointment of Director Scott Eldridge to the position of President and Chief Executive Officer, Patrick Power to the position of Executive Chairman, and Jared Lazerson as a Director.
Patrick Power, Arctic Executive Chairman stated, “We are pleased to appoint Scott Eldridge as President and CEO. His financial acumen and extensive network of European investors fit well with the European based and newly acquired Timantti Diamond Project in Finland.” Mr. Power added, “As well we are excited with the addition of Jared Lazerson to Arctic’s Board of Directors, his market, technology and industrial mineral mining experience are a welcome addition to the Board. The momentum he has created with the recent development of MGX Minerals is particularly relevant as we advance Arctic’s newest diamond exploration property.”
Mr. Eldridge has over 10 years of experience in finance and general management in the mining sector. He has a B.B.A. from Capilano University, and an M.B.A. from Central European University. He co-founded Euroscandic International Group Inc., a private company offering investment banking and advisory services to natural resource companies where he served as President and CEO from 2008 to 2016. During his time in the industry he has been responsible for raising in excess of $500 million CAD in combined equity and debt financing for mining projects varying from exploration to construction financing around the globe. He has held several directorships and executive roles with both private and public companies.
Mr. Lazerson is CEO and Director of lithium and magnesium miner MGX Minerals (CSE:XMG). For the past 5 years, Mr. Lazerson, has seen the market capitalization grow from $2 million CAD to a current value of $100 million CAD and a 2017 high of over $200 million CAD. Mr. Lazerson has been responsible for all aspects of growth of MGX including acquisitions, financing, operations and technology development. MGX Minerals has developed some of the most advanced and low-cost technology in the world for lithium extraction from brine by eliminating the solar evaporation step, thus reducing processing time from 2 years to 1 day. Mr. Lazerson holds a B.A. in International Relations from the University of Pennsylvania.
The Company has granted an aggregate of 5,275,000 stock options to its directors, officers, employees and consultants for the purchase of up to 5,27500,000 common shares of the Company pursuant to its Stock Option Plan. Each option is exercisable for a period of 5 years at a price of $0.175 per common share.
About Arctic Star: The Company owns 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the recently acquired Timantti Diamond Project including a 243Ha Exploration Permit and a 95,700 Ha Exploration Reservation near the township of Kuusamo, in Finland. The project is located approximately 450km NW of the operating Grib Diamond Mine in Russia. Arctic is commencing its exploration in Finland on the Timantti Project, where two diamondiferous kimberlites may represent the first finds in a large field. The Company also controls diamond exploration properties in Nunavut (Stein), the NWT (Diagras and Redemption) and a rare metals project in BC (Cap). Arctic Star has a highly experienced diamond exploration team previously responsible for numerous world class diamond discoveries.
For further information: please visit www.arcticstar.ca
ON BEHALF OF THE BOARD OF DIRECTORS OF
ARCTIC STAR EXPLORATION CORP.
“Patrick Power”
Patrick Power, Executive Chairman
+1 (604) 689-1799
Scott Eldridge, President & CEO
+1 (604) 722-5381
scott@arcticstar.ca
- Published in Arctic Star Exploration, News Home