Crystal Lake Mining arranges $400,000 private placement
Momentum Public Relations
Press Release: November 6, 2017
Crystal Lake Mining Corp. has arranged an additional, non-brokered two million units non-flow-through financing with total proceeds totalling $400,000. Each non flow-through unit priced at 20 cents per unit. Each unit comprises one common share and one full common share purchase warrant which may be exercised at a price of 25 cents per share for a period of 18 months following closing. The proceeds of this private placement will be used to advance exploration activities at the company’s Emo, Ont., properties and for general working capital. A work program on the company’s Emo property holdings will commence shortly. (See press release dated Oct. 18, 2017). Finder’s fees will be payable to qualified recipients at allowable rates.
All securities issued are subject to a four-month hold period and subject to Toronto Stock Exchange approvals.
The company is unaware of any material changes.
About Crystal Lake Mining Corp.
Crystal Lake Mining is a mineral exploration/development company focused on creating value through the exploration and development of its British Columbia and Ontario mineral properties.
© 2017 Canjex Publishing Ltd. All rights reserved.
- Published in Crystal Lake Mining, Mining, News Home
Relevium Drives Top Line Growth for Q1
Momentum Public Relations
Press Release: November 6, 2017
MONTREAL, QUEBEC–(Marketwired – Nov. 6, 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 top line growth for Q1 in anticipation of its interim filings.
What’s New Here?
- Revenues increased by 47{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} for the newly acquired BioGanix business in Q1, as compared to sales during the same period last year under the previous ownership.
- Number of units sold increased from 27,084 in 2016 to 42,003.
- Number of subscribers is now 225,000, a 60{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} increase and the number of SKUs is now 26 (32 by year end)
What Does This Mean?
In M&A, the first six months of integration tends to be the most critical period, as such:
- Revenue growth is a good indicator that the integration process is going well
- The increase in customer base and the introduction of new products reflect management’s investment in organic growth and brand equity
Why Should Investors Care?
- Management is executing as promised:
(1) Delivering on the first acquisition and
(2) Optimizing the acquired business - Investors can expect continued focus on brand equity and product line expansion
- Following the successful integration period, management is setting the stage for its next execution challenge
First Quarter Disclosure
The Company’s Fiscal Year 2018 started on July 1, 2017 and as such, shareholders can expect to see the full impact of the results from the Bioganix acquisition in Q1 of this new fiscal year, due at the end of this month.
The Company is expecting to hold a conference call for shareholders to discuss the results of Q1, as well as other business developments. The date and time of the conference call is to be announced on a separate press release.
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
RELEVIUM TECHNOLOGIES INC
Edward Ierfino
Investor Relations
Tel: (514) 562-1374
Email: eierfino@releviumcorp.com
Website: www.releviumtechnologies.com
- Published in News Home, Nutraceutical, Relevium Technologies
Defiance Silver 5,750,001-share private placement
Momentum Public Relations
Press Release: November 10, 2017
The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Sept. 15, 2017.
First tranche
Number of shares: 4,860,001 shares
Purchase price: 30 cents per share
Warrants: 4,860,001 share purchase warrants to purchase 4,860,001 shares
Warrant exercise price: 45 cents for a two-year period
Number of placees: 36 placees
Insiders: Ronald E. Sowerby, 100,000; Kesa Capital Corp. (Darrell Rader), 35,000; Paul A. Smith, 175,000; Windermere Capital Fund SPC/Navigator SP (Victor Murray), 700,000
Finders’ fees: $10,080 cash and 33,600 warrants payable to Raymond James Ltd.; $8,000 cash payable to Mackie Research Capital Corp.; $93,640 cash payable to Windermere Capital (Canada) Inc. (Finder’s fee warrants are exercisable at 45 cents per share for two years.)
Second tranche
Number of shares: 890,000 shares
Purchase price: 30 cents per share
Warrants: 890,000 share purchase warrants to purchase 890,000 shares
Warrant exercise price: 45 cents for a two-year period
Number of placees: 45 placees
Insider: Roy Bonnell, 80,000
Finder’s fee: $19,440 cash payable to Windermere Capital (Canada) Inc. (Finder’s fee warrants are exercisable at 45 cents per share for two years.)
- Published in Defiance Silver, Mining
Corex Announces Non-Brokered Private Placement for up to $2,000,000
Momentum Public Relations
Press Release: November 2, 2017
Vancouver, BC – November 2, 2017 – Corex Gold Corp. (the “Company”) is pleased to announce a non-brokered private placement of up to 20,000,000 units at a price of CAD$0.10 per unit, for aggregate gross proceeds of up to CDN $2,000,000. Each Unit will consist of one common share and one non-transferable share purchase warrant. Each warrant will be exercisable by the holder to acquire one additional common share at a price of CAD$0.20 for a period of eighteen (18) months following the closing of the financing.
The net proceeds from this private placement will be used for Corex’s Santana project and for general working capital purposes. The proposed financing is subject to the approval of the TSX Venture Exchange. All securities issued pursuant to the Offering will be subject to a statutory four month hold period under applicable securities laws. Finders’ fees in cash or warrants may be payable in accordance with the policies of the Exchange.
About Corex Gold Corp
Corex Gold Corp is a Canadian resource company focused on achieving near-term economic gold production from its 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} owned flagship property, Santana Project, Sonora State, Mexico.
ON BEHALF OF THE BOARD
“Doug Ramshaw”
President & CEO
FOR FURTHER INFORMATION PLEASE CONTACT:
Doug Ramshaw,
President & CEO
Tel: 236.521.0429
Fax: 604.683-2506
E-mail: doug@corexgold.com
Website: www.corexgold.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.” The foregoing information may contain forward-looking statements relating to the future performance of Corex Gold Corp. Forward-looking statements, specifically those concerned with future performance are subject to certain risks and uncertainties, and actual results may differ materially. These risks and uncertainties are detailed from time to time in Corex Gold Corp.’s filings with the appropriate securities commissions.
- Published in Corex Gold, Mining, News Home
Deep-South Has Closed the First Tranche of a Private Placement
Momentum Public Relations
Press Release: November 2, 2017
Vancouver, B.C., Canada / TheNewswire / November 2, 2017 – Deep-South Resources Inc. (“Deep-South” or “theCompany”) (TSX-V: DSM) announces that it has closed a non-brokered private placement for gross proceeds of up to $195,140 (“the Offering”). Procedures to close a second tranche will start shortly.
The non-brokered private placement comprises 887,000 units (the “Units”) of Deep-South, at a subscription price of $0.22 per Unit. Each Unit consist of one (1) common share and one half (1/2) of one common share purchase warrant (“Warrant”) of Deep-South. Each full Warrant entitles the holder thereof to purchase one (1) Deep-South common share at an exercise price of $0.30 during a period of thirty six (36) months from the date of closing of the placement. Each security issued pursuant to the placement has a mandatory four (4) months holding period from the date of closing of the placement.
The Company has paid Raymond James a finder’s fee of $5,456 and issued 24,800 Compensation Warrants. The Company has also paid Foster & Associates Financial Services Inc, a finder’s fee of $4,840 and issued 22,000 Compensation Warrants. The Compensation Warrants have the same terms and conditions as the Warrants. Each security issued pursuant to the placements has a mandatory four (4) month hold period from the date of closing of the placements.
About Deep-South Resources Inc.
Deep-South Resources Inc. is a mineral exploration company largely held by Namibian shareholders and Teck Resources Ltd, which holds about 35{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of Deep-South share capital. Deep-South is actively involved in the acquisition, exploration and development of major mineral properties. Deep-South currently holds 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the Haib Copper project in Namibia, one of the largest copper porphyry in Africa. Deep-South’s growth strategy is to focus on the exploration and development of quality assets, in significant mineralized trends, close to infrastructure, in stable countries.
This press release contains certain “forward-looking statements,” as identified in Deep-South’s periodic filings with Canadian Securities Regulators that involve a number of risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. 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.
More information is available by contacting:
Paradox Public Relations at +1-514-341-0408 or Pierre Leveille, President & CEO at: +1-819-340-0140 or at info@deepsouthresources.com.
Copyright (c) 2017 TheNewswire – All rights reserved.
- Published in Deep South Resources Inc., Mining, News Home
Arctic Star closes $965,000 first tranche of financing
Momentum Public Relations
Press Release: November 1, 2017
Arctic Star Exploration Corp. has completed the first tranche of its previously announced non-brokered private placement, as described in its news release dated Oct. 26, 2017, pursuant to which it has issued an aggregate of 9.65 million units at a price of 10 cents per unit for gross proceeds of $965,000. Each unit consists of one common share in the capital of the company and one non-transferable share purchase warrant. Each warrant is exercisable into one additional share at a price of 15 cents per share for a period of 24 months from the closing date. The company intends on completing additional tranches of the private placement.
The securities issued under the financing and the shares that may be issuable on exercise of the warrants are subject to a statutory hold period expiring on March 1, 2018.
The company paid a cash finder’s fee of $40,800 to a certain finder and issued 408,000 share purchase warrants to one finder in connection with the first tranche of the financing. Each finder’s warrant is exercisable into one share at a price of 10 cents per share for a period of two years from the date of issuance.
The company plans to use the proceeds from the private placement for exploration of the Foriet diamond property and for general working capital.
An insider of the company subscribed for a total of 350,000 units under the financing. The company did not file a material change report more than 21 days before completion of this tranche of the private placement because management believed that it was in the company’s best interest to close promptly and that the filing of a material change report in less than 21 days was reasonable under the circumstances.
We seek Safe Harbor.
© 2017 Canjex Publishing Ltd. All rights reserved.
- Published in Arctic Star Exploration, Mining, News Home
Corex Gold Corp.: Santana heap-leach gold project; 2017 Construction update
Momentum Public Relations
Press Release: March 29, 2017
VANCOUVER, BRITISH COLUMBIA–(Marketwired – March 29, 2017) – Corex Gold Corp. (TSX VENTURE:CGE) (“Corex” or the “Company”) is continuing construction and mining activities at its 100 -owned Santana heap-leach gold project in Sonora, Mexico.
Jaw crushing and loading started on Nicho Norte zone in late November 2016. A total of 11,210 tonnes of material was crushed in November and December and loaded onto the 1st leach pad. An additional 11,989 tonnes were loaded in January bringing the total to 23,199 tonnes. The pad loading was completed on January 26, 2017. The heap was contoured and the surface broken up in preparation for leaching.
Construction continued on the bulk test process plant and the completion of the distribution system plumbing with several application methods of leach fluid tested. Application of charged leachant to establish alkaline pH has begun with metal leaching to commence later this month.
A second leach pad will allow a separate batch of finer crushed material to be tested to determine the leach and cost characterization of much finer crushing. The results from the two bulk leach pads will be utilized by the Company to verify metallurgical viability of heap leaching and to optimize the most efficient operating methods and equipment.
Construction of the 2nd leach pad, which connects to the first leach pad, is in progress. The 2nd leach pad is about 4,500 square meters. The earthwork or moving of material is substantially complete. The HDPE liners have been ordered and should be installed in early March 2017. This will provide a total leach pad of about 9,000 square meters.
(For recent photos of the Santana heap-leach gold project click here).
“This is an exciting time for shareholders, as we commence our bulk mining and process testing on our Santana Gold Project,” said Craig Schneider, Corex’s President and CEO.
The Company is not basing its production effort on a feasibility study with demonstrated mineral reserves and estimated economic and technical viability. As a result, the Company acknowledges and accepts the higher risk of failure with uncertainty of unverified economic and technical outcome. Corex believes the past experience and prudent track record of Chester Millar developing this type of mine helps ameliorate possible technical risk.
Mel Herdrick P. Geo., is the acting Qualified Person as defined by National Instrument 43-101. He has reviewed and approved the preparation of the technical information in this release. He is a shareholder of the company.
The reader should be cautioned the Company has neither completed economic nor technical feasibility studies or metallurgical studies confirming the projected production capacity at Santana and there is no certainty the Company’s plans will be economically viable.
About Corex Gold Corp.
Corex Gold Corp. is a Canadian resource company focused on achieving near-term economic gold production from its 100 owned flagship property, Santana Project, Sonora State, Mexico.
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. The foregoing information may contain forward-looking statements relating to the future performance of Corex Gold Corp. Forward-looking statements, specifically those concerned with future performance are subject to certain risks and uncertainties, and actual results may differ materially. These risks and uncertainties are detailed from time to time in Corex Gold Corp.’s filings with the appropriate securities commissions.
Corex Gold Corp.
Craig Schneider
President & CEO
604.683.2506
604.683.2505
info@corexgold.com
www.corexgold.com
- Published in Corex Gold, Mining, News Home
Corex Receives First Proceeds From Gold Sales At Santana Property
Momentum Public Relations
Press Release: October 31, 2017
VANCOUVER, British Columbia, Oct. 31, 2017 (GLOBE NEWSWIRE) — Corex Gold Corp. (TSXV:CGE) (OTCQB:CGEKF) (“Corex” or the “Company”), is pleased to report that it has received net proceeds of US$278,685.67 from gold recovered and sold from the first gold-in-carbon concentrate shipment (see news release dated October 18th, 2017) from the Santana heap-leach gold project in Sonora, Mexico.
Corex has been conducting bulk testing heap-leach activities at its 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}-owned Santana property during 2017 on a roughly 25,000 tonne bulk sample of coarse crushed material. A second shipment of gold-in-carbon concentrate is expected to be exported to the U.S., which will allow the Company to reconcile the data obtained from the bulk leach test work on the coarse crushed material before embarking on a fine crushed bulk test that will ultimately aid in determining the optimized crush size for future leaching of the Nicho North and Nicho zones.
“The first gold sold from the Santana property is not only validation of Chester Millar and our technical team’s belief in the open-pit heap-leach amenable Santana property but also the culmination of years of effort from those that preceded him and originally identified the prospectivity of the area. We look forward to completing the ongoing bulk testing and optimization studies and using future gold concentrate production to reconcile the larger scale potential of the core Nicho zones,” stated Doug Ramshaw, President and CEO.
Custom carbon desorption and precious metal recovery is carried out by Metals Research Corporation in Kimberly, Idaho. Thereafter, the doré is delivered for refining to Cascade Refining Inc. of Salt Lake City, Utah. The refining recovered a total of 219.727 oz of gold and 32.589 oz of silver with a net payable (98.15{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of gold and 85{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of silver) to Corex amounting to 215.662 oz of gold and 27.7 oz of silver.
As specified in the technical operating agreement between Corex and MDG, the proceeds from gold sales recorded during this bulk testing phase will be reinvested to continue development of Santana and reimburse ongoing costs incurred by MDG.
The Company is not basing any production decision on a feasibility study of mineral reserves demonstrating economic and technical viability. Corex acknowledges and advises there is increased uncertainty and that there are specific economic and technical risks of failure associated with any production decision. Corex believes the historic experience and track record of Chester Millar with gold heap leaching, of advancing in careful prudent steps, helps ameliorate possible technical risk.
Mel Herdrick, P. Geo., is the acting Qualified Person as defined by National Instrument 43-101. He has supervised the preparation of the technical information in this release. He is a shareholder of the company.
The reader is cautioned the Company has neither completed economic nor technical feasibility studies or metallurgical studies confirming the projected production capacity at Santana and that there is no certainty the Company’s plans will be economically viable. Historically, such projects have a much higher risk of economic or technical failure.
About Corex Gold Corp
Corex Gold Corp is a Canadian resource company focused on achieving near-term economic gold production from its 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} owned flagship property, Santana Project, Sonora State, Mexico.
FOR FURTHER INFORMATION PLEASE CONTACT:
Doug Ramshaw
President & CEO
Tel: 236.521-0429
Fax: 604.683-2506
E-mail: doug@corexgold.com
Website: www.corexgold.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.” The foregoing information may contain forward-looking statements relating to the future performance of Corex Gold Corp. Forward-looking statements, specifically those concerned with future performance are subject to certain risks and uncertainties, and actual results may differ materially. These risks and uncertainties are detailed from time to time in Corex Gold Corp.’s filings with the appropriate securities commissions.
- Published in Corex Gold, Mining, News Home
Puma drills 405 meters of high grade polymetallic mineralization at the Murray Brook Deposit
Momentum Public Relations
Press Release: October 31, 2017
RIMOUSKI, QUEBEC–(Marketwired – Oct. 31, 2017) – Puma Exploration (the “Company” or “Puma”) (TSX VENTURE:PUM)(SSE:PUMA) is pleased to announce the results of the first of three holes from the 2017 drilling program at its Murray Brook Deposit in New Brunswick. Hole MB17-01 intersected over 405 meters of continuous massive sulphide mineralization starting from 27 meters from surface and extending to a depth of 435 meters. The overall grades of the 405 meter massive sulphide mineralization are 3.3{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Zn, 1.1{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Pb, 0.95g/t Au, 42g/t Ag, and 0.30{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cu including a high grade gold zone of 2.0 g/t Au over 160 meters.
Hole MB17-01, drilled to a total downhole depth of 549 meters, was designed to validate historic high-grade zones, to expand the potential resources at depth and to define the geological model, including the metal zonation. All of this new information will be used for mining plan in the current Preliminary Economic Assessment (”PEA”) along with the Results of a bulk sample of 200-300 kg of fresh core being collected to proceed with more advanced metallurgical recovery studies.
Figure 1 is available at the following link: http://media3.marketwire.com/docs/1104137_fig1.jpg
The 405 meters of massive sulphide intersected in hole MB17-01 is characterized by numerous higher-grade thick zinc horizons with grades up-to 5.8{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Zn, 2.8{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Pb, 1.05 g/t Au, 77 g/t Ag, over 53 meters and also much higher-grade zinc intercepts of 10.04{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Zn, 3.23{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Pb, 2.58 g/t Au, 119 g/t Ag over 17 meters.
*Highlights of Higher-grade Zinc Zones in Hole MB17-01 and other significant results can be found in Table 1 below.
- 27.0m to 39.0m (12.0m) : 4.54{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Zn, 1.02{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Pb, 0.31 g/t Au, 28 g/t Ag, 2.15{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cu
- 65.0m to 77.0m (12.0m) : 5.57{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Zn, 3.10{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Pb, 0.20 g/t Au, 97 g/t Ag, 0.38{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cu
- 135.0m to 142.0m (7.0m) : 6.24{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Zn, 0.85{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Pb, 0.44 g/t Au, 27 g/t Ag
- 151.0m to 160.0m (9.0m) : 6.45{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Zn, 1.93{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Pb, 55 g/t Ag
- 174.0m to 180.0m (6.0m) : 5.12{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Zn, 2.09{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Pb, 50 g/t Ag
- 253.0m to 264.0m (11.0m) : 5.53{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Zn, 2.40{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Pb, 0.29 g/t Au, 117 g/t Ag
- 285.0m to 306.0m (21.0m) : 7.07{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Zn, 3.57{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Pb, 1.60 g/t Au, 62 g/t Ag
- 344.0m to 351.0m (7.0m) : 5.12{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Zn, 1.11{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Pb, 2.62 g/t Au, 50 g/t Ag, 0.56{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cu
- 357.0m to 374.0m (17.0m) : 10.04{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Zn, 3.23{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Pb, 2.58 g/t Au, 119 g/t Ag, 0.56{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cu
- 383.0m to 390.0m (7.0m) : 6.49{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Zn, 1.78{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Pb, 2.31 g/t Au, 134 g/t Ag, 0.80{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cu
Hole MB17-01 Analysis (or Discussion)
Hole MB17-01was drilled at a -45° declination in the center of the west side of the Murray Brook Deposit, is characterized by high grade zinc mineralization, which constitutes the core of the resource estimate released in December 2016. The West Zone (Zinc) is 200 meters wide, extending from surface to 300 meters vertical and the true thickness of the massive sulphide body varies from 75 meters to 100 meters. Please refer to figures 1 and 2.
Figure 2 is available at the following link: http://media3.marketwire.com/docs/1104137_fig2.jpg
MB17-01 has successfully identified new mineralized zones at depth, and, due to its orientation and declination, has filled gaps between previously drilled holes, which will increased the confidence of continuity in the current PEA, as follows:
From 27 meters to 100 meters, MB17-01 has filled a 73 meter gap between two previous holes with a intersection of 4.54{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Zn, 1.02{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Pb, 2.15{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cu over 12.0 meters (extending laterally the surface rich copper and zinc zones for more than 50 meters) and with a second infill intercept of 5.57{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Zn, 3.10{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Pb, 97 g/t Ag over 12 meters.
From 135 meters to 205 meters, MB17-01 has filled a 70 meter gap between two previous holes with an infill intercept of 5.14{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Zn, 1.05{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Pb, 36 g/t Ag over 26.0 meters.
From 295 meters to 420 meters, a MB17-01 massive sulphide intersect located below the current zinc resource block model fills 125 meter gap between two previously drilled holes. This mineralization is represented by one of the best intercepts of the current hole with 5.26{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Zn, 1.52{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Pb, 2.62 g/t Au over 59 meters, representing a significant at-depth extension of the current define “Zinc” block envelope.
From 420 meters to 549 meters, MB17-01 extends the favorable host sedimentary horizon for more than 129 meters. Footwall sediment alteration is represented by strong chloritization and silicification. The mineralization beyond 435 meters, downhole from the projected mineral target, contains lower grade mineralization. The system remains open downhole and, more likely, vertically below or above the last part of the current hole.
Table 1. Significant intercepts in the Hole MB17-01
Drill hole | From | To | Length | Au | Ag | Cu | Pb | Zn | Pb+Zn | Comments |
(m) | (m) | (m) | g/t | g/t | {92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} | {92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} | {92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} | {92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} | ||
MB17-01 | 27.0 | 432.0 | 405.0 | 0.95 | 41 | 0.34 | 1.14 | 3.30 | 4.44 | Continuous massive sulphide |
incl. | 27.0 | 39.0 | 12.0 | 0.31 | 28 | 2.15 | 1.02 | 4.54 | 5.56 | Extends Cu+Zn zone by 50m |
65.0 | 77.0 | 12.0 | 0.20 | 97 | 0.38 | 3.10 | 5.57 | 8.67 | Fills 73m gap between 2 holes | |
134.0 | 160.0 | 26.0 | 0.34 | 36 | 0.08 | 1.05 | 5.14 | 6.20 | Fills 70m gap between 2 holes | |
incl. | 135.0 | 142.0 | 7.0 | 0.44 | 27 | 0.05 | 0.85 | 6.24 | 7.09 | |
incl. | 151.0 | 160.0 | 9.0 | 0.07 | 55 | 0.03 | 1.93 | 6.45 | 8.38 | |
174.0 | 180.0 | 6.0 | 0.03 | 50 | 0.02 | 2.09 | 5.12 | 7.21 | ||
253.0 | 306.0 | 53.0 | 1.05 | 77 | 0.06 | 2.83 | 5.83 | 8.66 | ||
incl. | 253.0 | 264.0 | 11.0 | 0.29 | 117 | 0.02 | 2.40 | 5.53 | 7.93 | |
incl. | 285.0 | 306.0 | 21.0 | 1.60 | 62 | 0.09 | 3.57 | 7.07 | 10.64 | |
341.0 | 400.0 | 59.0 | 2.62 | 72 | 0.68 | 1.52 | 5.26 | 6.78 | Below the Current Resource Estimate | |
incl. | 357.0 | 374.0 | 17.0 | 2.58 | 119 | 0.56 | 3.23 | 10.04 | 13.27 | |
incl. | 367.0 | 373.0 | 6.0 | 1.70 | 149 | 0.24 | 4.73 | 14.91 | 19.63 | |
* Highlights and Table 1 represent length and grade weighted composite core intervals. True thickness is estimated to be approximately 20-40{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the reported intervals. The lateral extend is estimated at 70-80{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} core intervals. |
“We are very pleased with the results from hole MB17-01. The massive sulphide intersection below the current resource estimate represents a fundamental and significant expansion of the system’s geometry and metal content. We look forward to incorporating this new information into our deposit resource model. Also, this “deep model” extension carries higher than anticipated gold values, represented by a 160 meter drill intersection of 2.0 g/t Au, including 3.02 g/t Au over 25 meters. The contrasts with the existing resource estimate that assigns a value of only 0.65 g/t Au for the entire block model.”, notes Marcel Robillard, President of Puma Exploration.
Diamond drill holes MB17-02 (74m) and MB17-03 (174m) were drilled close to surface to test the extension of the Murray Brook deposit toward the south-western extension. The results from these holes are pending and their location is referenced in Figure 2.
Qualified Persons and QC/AC
The contents of this press release were prepared by Marcel Robillard, P.Geo., President and Dominique Gagné, P.Geo., Vice President of Exploration, are qualified persons as defined by NI 43-101 and have supervised the preparation and technical information that forms the basis for this news release. 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. Mr. Robillard and Mr. Gagné are not independent of the company, as he is an officer and shareholder. The samples are prepared, sent, processed at ALS Val D’Or, Québec and ALS Sudbury, Ontario. All samples were assays by ME-ICP41 method and gold was assay by AU-AA26 method. QA/QC are monitored by the analysis of blanks, reference material and replicate samples at a frequency of one (1) of each per 30 samples.
About the Murray Brook Project
The Murray Brook Project consists of three (3) distinct contiguous areas that cover more than 18 kilometers of the favorable rocks that host the operating Caribou Mine (Trevali Mining Corp.), the Murray Brook Deposit and the past operating Restigouche Mine (Trevali Mining Corp.). From east to west, the project comprises the Murray Brook East Property (4925), the Murray Brook Mining Lease (# 252) and the Murray Brook West Property (7846) (refer to website). The Murray Brook East and Murray Brook West Properties have been subject to various degrees of exploration and share the same potential of increasing the mineral resources defined at the Murray Brook Deposit. The Company has defined several future priority targets on these properties (see Figure 2).
The Murray Brook deposit has a currently defined measured and indicated mineral resources of 5.28 million tonnes averaging 5.24{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} zinc, 1.80{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} lead, 0.46{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} copper, 68.9 g/t silver and 0.65 g/t gold. The core of the mineral resource occurs in the West Zone which is 200 meters wide, extending from surface to 300 meters vertical and the true thickness of the massive sulphide body varies from 75 meters to 100 meters. The East Zone (Copper-Gold) is 100 meters wide, also extending from surface to 300 vertical meters and is mainly mineralized with gold and copper. On February 20th 2017, a NI 43-101 report was accepted and filed on SEDAR.
About Puma Exploration Inc.
Puma Exploration is a Canadian mineral exploration company with advanced precious and base metals projects in Canada. The Company’s major assets consist of an option to acquire 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} per cent beneficial interest in the Murray Brook Property, the Turgeon Zinc-Copper Project and the Nicholas-Denys Project located in New Brunswick as well as an equity interest in BWR Resources, Manitoba. Puma’s objective for the coming year is to focus its exploration efforts in New Brunswick.
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Learn more by consulting www.pumaexploration.com for further information on Puma Exploration Inc.
Forward-Looking Statements: This press release may contain forward-looking statements. Such forward-looking statements involve a number of known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Puma Exploration Inc. to be materially different from actual future results and achievements expressed or implied by such forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements which speak only as of the date the statements were made, except as required by law. Puma Exploration undertakes no obligation to publicly update or revise any forward-looking statements. These risks and uncertainties are described in the quarterly and annual reports and in the documents submitted to the securities administration.
Marcel Robillard, President
(418) 724-0901
president@explorationpuma.com
- Published in Mining, News Home, Puma Exploration
Sharc International Systems Announces Newest PIRANHA™ System
Momentum Public Relations
Press Release: October 31, 2017
VANCOUVER, British Columbia, Oct. 31, 2017 (GLOBE NEWSWIRE) — Sharc International Systems Inc. (CSE:SHRC) (FSE:IWIA) (OTCQB:INTWD) (“SHARC” or “the Company”) is pleased to announce that the Company has completed the in-house design of the newest PIRANHA™ wastewater heat exchange system, (the “PIRANHA HC”).
The PIRANHA HC is a self-contained heat exchange system specifically designed to provide domestic hot water pre-heating and space conditioning (heating and cooling). With its specially engineered direct expansion heat exchanger, the PIRANHA HC is designed for multi-unit residential (50-200 units) and stand-alone commercial applications.
The PIRANHA HC is easily installed in new and retrofit construction projects, is attributable to LEED® credit criterion, and promotes the numerous environmental and energy-saving benefits of an expertly engineered wastewater heat exchange system.
While SHARC’s signature PIRANHA™ system provides domestic water pre-heating, the PIRANHA HC’s added space conditioning feature provides even greater carbon reduction and energy savings. Whether it’s for a building’s lobby, training facility, or conference room, the PIRANHA HC can provide strategic and specific space conditioning that eliminates the need for additional equipment. The PIRANHA HC’s compact system frees up space for developers and building owners to add further amenities or suites, while improving the building’s overall energy efficiency.
The PIRANHA HC’s multi-functionality provides a short payback for users as it operates at efficiencies of 400-600{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}. Water and space heating represent some of the highest operating costs for buildings and the PIRANHA HC works to significantly reduce these costs. With a robust design and lifecycle of 25+ years, the PIRANHA HC is dedicated to delivering clean energy for the long-term.
SHARC is also pleased to announce that it is a finalist for the 2018 AHR Expo® Innovation Award for Green Building Innovation.
The AHR Expo® is the world’s largest HVACR (Heating, Ventilating, Air Conditioning and Refrigeration) convention. The annual AHR Expo® Innovation Awards competition honors the most inventive and original products, systems and technologies showcased at each year’s AHR Expo. Products go head-to-head in the following categories: building automation; cooling; green building; heating; indoor air quality; plumbing; refrigeration; software; tools & instruments; and ventilation. Winners are selected by a panel of third-party ASHRAE member judges who evaluate all award entries based on innovative design, value, creativity, application, and market impact.
SHARC’s PIRANHA HC was chosen as a finalist among elite company in the HVACR market. The award is a result of the Company’s ambition to meet the growing demand for clean technology through delivering a highly-efficient compact device that provides multiple services.
SHARC will be attending the annual AHR Expo® in Chicago from January 22-24, 2018, at Booth 5097.
About Sharc International Systems
Sharc International Systems is a world leader in thermal heat recovery. Its systems recycle thermal energy from waste water, generating the most energy-efficient and economical systems for heating, cooling and hot water for commercial, residential and industrial buildings.
Further information about the Company is available on our website at www.sharcenergy.com or under our profile on SEDAR at www.sedar.com.
ON BEHALF OF THE BOARD
“Lynn Mueller”
Chairman and Chief Executive Officer
For further information, please contact:
Sharc International Systems Inc.
Zach Hillhouse
Phone: +1 (604) 475-7710
Email: zach.hillhouse@iws-sharc.com
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
Certain statements contained in this news release may constitute forward-looking information. Forward-looking information is often, but not always, identified by the use of words such as “anticipate”, “plan”, “estimate”, “expect”, “may”, “will”, “intend”, “should”, and similar expressions. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information. SHARC’s actual results could differ materially from those anticipated in this forward-looking information as a result of regulatory decisions, competitive factors in the industries in which the Company operates, prevailing economic conditions, and other factors, many of which are beyond the control of the Company. SHARC believes that the expectations reflected in the forward-looking information are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking information should not be unduly relied upon. Any forward-looking information contained in this news release represents the Company’s expectations as of the date hereof, and is subject to change after such date. 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, except as required by applicable securities legislation.
- Published in International Wastewater Systems, Life Sciences, News Home, Technology