Arctic Star starts exploration at Timantti
Momentum Public Relations
Press Release: April 3, 2019
Arctic Star Exploration Corp. (TSXV: ADD) (OTC PINK: ASDZF) (“Arctic Star” or the “Company”) is pleased to announce that exploration has commenced at its 100% owned Timantti Project (“Timantti” or the “Property”) located in Northern Finland. The Timantti Project consists of one 289 Hectare Exploration permit surrounded by two exploration reservations totalling 193,700 Hectares near the township of Kuusamo. The company has already located three diamondiferous kimberlite bodies within the Exploration permit, named White, Black and Grey Wolf, respectively, and three kimberlite dykes.
The 2019 exploration program is designed to locate further kimberlite discoveries. Kimberlite is volcanic rock which hosts diamonds and predominantly occurs in groupings averaging a minimum of 30 pipes.
There is considerable evidence that there are further kimberlites within the company’s exploration area as till sampling shows a distribution of diamond indicator minerals pointing to additional sources. Also, over thirty magnetic anomalies that may represent kimberlites have been identified and prioritized within a 3km radius of the Wolf kimberlites.
Initially the exploration work will consist of ground magnetic surveys over the priority targets, followed by trenching over the anomalies using an excavator. Arctic Star was successful in locating kimberlite using these methods in 2018, and there is every reason to expect this success can be continued in 2019. Kimberlite that does occur in the trenches will be sent for caustic fusion to determine micro-diamond content.
Results of the excavation program will be disclosed as information on the testing of targets becomes available.
Kimberlites with significant diamonds will be slated for diamond drill testing to determine size, and promising magnetic anomalies that could not be trenched due to till depth will also be drill tested later in 2019.
Once Arctic Star has determined that most of the kimberlites in this new field have been tested for microdiamond content, the company plans to conduct bulk sampling on the most promising diamondiferous kimberlites, which will better define the grade and give a view of the average price of the commercial size stones.
Qualified Person
The technical data in this news release has been reviewed and approved by Buddy Doyle, a diamond geologist with over 30 years of experience, a Qualified Person under the provisions of National Instrument 43-101.
About Arctic Star
The Company owns 100% of the recently acquired Timantti Diamond Project including a 243 Ha Exploration Permit and a 193,700 Ha Exploration Reservation near the town of Kuusamo, in Finland. The project is located approximately 550km SW of the operating Grib Diamond Mine in Russia. Arctic has commenced its exploration in Finland on the Timantti Project, where four diamondiferous kimberlite bodies 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).
Arctic Star has a highly experienced diamond exploration team previously responsible for several world class diamond discoveries.
ON BEHALF OF THE BOARD OF DIRECTORS OF
ARCTIC STAR EXPLORATION CORP.
“Patrick Power”
Patrick Power, President & CEO
+1 (604) 218-8772
ppower@arcticstar.ca
- Published in Arctic Star Exploration, Mining, News Home
CROP’s Tenant Brands Hempire and Evolution now Available in 40 Retail Locations With Over 100 Available SKU’s
Momentum Public Relations
Press Release: April 3, 2019
CROP INFRASTRUCTURE CORP. (CSE: CROP) (OTC: CRXPF) (Frankfurt: 2FR) has been advised by its tenant brand sales team that the Hempire and Evolution brands are now available in 40 retail locations, mostly along the coastal cities of Washington.
The flower is available in eight different strains across seven sizes with concentrates being made available in five different concentrates across 20 separate strains giving the retail locations over 100 SKUS to offer their consumers.
The Washington market for 2018, according to Statista.com, was a $534.06 Million market with RBC Capital Markets analyst Nik Modi writing: ‘The legal cannabis category [in the U.S.] is set to grow at a 17% CAGR over the next decade to as much as $47 billion in annual sales.’
Crop’s tenanted Washington facility has a major advantage with low cost electricity at $0.02 per kWh and greenhouse style growing, making it one of the most efficient growing operations available in the state of Washington for high quality product.
CROP CEO, Michael Yorke, stated: “Our tenant growing team and their sales team have made outstanding progress with product placement in 40 retail locations for both flower, oils and extracts. We continue to build out our brands in California and Nevada and our objective is, ultimately, to be in as many states as possible.”
About CROP
CROP is publicly listed company trading under symbol CROP.CSE. The company is focused on cannabis branding and real estate assets. CROP’s portfolio of projects includes cultivation properties in California, two in Washington State, a 1,000-acre Nevada cannabis farm, 2,115 acres of Hemp CBD farms, and a growing portfolio of common share equity in upcoming listings within the cannabis space.
CROP has developed a portfolio of assets including Canna Drink, a cannabis infused functional beverage line and 16 Cannabis brands.
Disclaimer for Forward-Looking Information
Certain statements in this press release are forward-looking statements are not based on historical facts, but rather on current expectations and projections about future events and are therefore subject to risks and uncertainties which could cause actual results to differ materially from the future results expressed or implied by the forward-looking statements. In addition, marijuana remains a Schedule I drug under the United States Controlled Substances Act of 1970. Although Congress has prohibited the US Justice Department from spending federal funds to interfere with the implementation of state medical marijuana laws, this prohibition must be renewed each year to remain in effect. These statements generally can be identified by the use of forward-looking words such as “may”, “should”, “could”, “intend”, “estimate”, “plan”, “anticipate”, “expect”, “believe” or “continue”, or the negative thereof or similar variations. Forward-looking statements in this news release include statements regarding the expected returns from the Washington Project; the technological effects of Washington Project; the intention to expand its portfolio; and execute on its business plan. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding the regulatory and legal framework regarding the cannabis industry in general among all levels of government and zoning; risks associated with applicable securities laws and stock exchange rules relating to the cannabis industry; risks associated with maintaining its interests in its various assets; the ability of the Company to finance operations and execute its business plan and other factors beyond the control of the Company. Such forward-looking statements should therefore be construed in light of such factors, and the Company is not under any obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.
The CSE has not reviewed, approved or disapproved the content of this press release.
Company Contact
Michael Yorke – CEO and Director
E-mail: info@cropcorp.com
Website: www.cropcorp.com
Phone: +1(604) 484-4206
- Published in Cannabis, CROP Infrastructure, Marijuana, News Home
Bluestone Resources’ Cerro Blanco project Delivers 10.2 meters of 13.1 g/t Au and 25 g/t Ag on Resource Upgrading Drilling Program
Momentum Public Relations
Press Release: April 3, 2019
Bluestone Resources Inc. (TSXV: BSR) (OTCQB: BBSRF) (“Bluestone” or the “Company”) is pleased to announce additional high-grade intercepts from the resource upgrading infill drill program at its Cerro Blanco Gold project. The primary focus of the program is to upgrade Inferred Resources identified during the previous drill program completed in 2018. In addition, this program is also designed to define new resources along known veins in the mine plan that extend outside of the current resource envelope.
Three LM-75 diamond drill rigs are currently situated within the Cerro Blanco underground workings and are targeting key veins in the upper portion of the Cerro Blanco resource. The Cerro Blanco Feasibility Study (see press release January 29th, 2019) highlighted some 357,000 ounces of Inferred Resources (1.4 Mt grading 8.1 g/t Au) that could be potentially converted to Measured and Indicated Resources through infill drilling.
Darren Klinck, President and CEO, commented, “Of special note are the broad zones of high-grade mineralization drilled in several different holes. For example, 8.1 meters at 8.3 g/t Au and 73 g/t Ag(Hole UGCB18-122), 5.6 meters at 19.9 g/t Au and 281 g/t Ag (UGCB18-124) and 10.2 meters at 13.1 g/t Au and 25 g/t Ag (Hole UGCB18-126). These wider intercepts comprising multiple closely-spaced vein sets are reminiscent to those drilled in the lower parts of the South Zone orebody by Bluestone last year and were demonstrated in the Feasibility Study as amenable to long-hole stoping mining methods and key drivers in the project economics.”
Table 1. Significant Intercepts (this Press Release)
HOLE ID | FROM (m) | TO (m) | CORE INT. (m) |
TRUE WIDTH (m) |
Au g/t | Ag g/t | Vein ID |
UGCB19-120 | 62.0 98.9 110.0 119.5 126.2 140.0 |
63.5 101.3 112.9 120.5 127.2 141.6 |
1.5 2.3 2.9 1.0 1.0 1.6 |
1.5 2.3 2.8 1.0 1.0 1.6 |
6.1 16.6 8.5 3.6 3.9 4.5 |
1.0 109.0 123.0 34.0 50.0 36.0 |
– VN_02 VN_03 VN_05 VN_06 VN_11 |
UGCB19-121 | 5.0 63.6 75.4 84.3 95.1 104.1 |
6.0 64.6 78.4 92.4 96.3 108.4 |
1.0 1.0 3.0 8.1 1.2 4.3 |
1.0 1.0 3.0 8.1 1.2 4.2 |
5.7 15.9 4.9 8.3 9.4 6.9 |
13.0 126.0 41.0 73.0 177.0 74.0 |
VN_18 VN_01 VN_02 VN_03, 05, 06 VN_06 VN_07 |
UGCB19-123 | 56.7 61.4 70.9 82.1 |
57.9 62.8 74.1 83.1 |
1.2 1.4 3.2 1.0 |
1.2 1.4 3.1 1.0 |
14.8 7.9 5.3 6.9 |
130 82 67 88 |
VN_01 – VN_02, 03 VN_05 |
UGCB19-124
including
|
62.3 76.6 79.8 96.9 114.8 |
64.3 82.2 80.8 98.3 117.8 |
2.0 5.6 1.0 1.4 3.0 |
2.0 5.6 1.0 1.4 3.0 |
8.0 19.9 80.1 17.7 3.9 |
51.0 281.0 1,257.0 72.0 28.0 |
VN_01 VN_03, 05 VN_03 VN_07 VN_11 |
UGCB19-125 | 1.2 16.5 22.3 31.1 |
10.8 19.1 27.2 33.2 |
9.6 2.6 4.9 2.1 |
9.4 2.5 4.9 2.0 |
5.3 5.0 12.3 33.6 |
10.0 36.0 44.0 239.0 |
VN_07 VN_09 VN_10 VN_11 |
UGCB19-126
including
|
0.0 8.9 13.4 32.2 33.2 52.0 58.0 71.7 |
6.0 9.9 14.5 43.0 35.9 53.0 59.2 72.7 |
6.0 1.0 1.2 10.8 2.7 1.0 1.2 1.0 |
5.7 1.0 1.2 10.2 2.3 1.0 1.2 1.0 |
10.0 4.0 11.9 13.1 31.0 5.3 24.3 10.2 |
16.0 26.0 14.0 25.0 32.4 8.0 56.2 15.0 |
VN_06 – – VN_09,10 VN_09 – VN_11 VN_22 |
Notes: Intervals in bold are cited in the text of the news release. Only intercepts averaging over 3 g/t Au when diluted to a minimum 3 meters true width are stated. Hole coordinates and azimuth/dip information accompany the plan view attached to this release.
All holes cited in this press release were drilled from various platforms in the North Zone underground workings. Except for hole UGCB18-126, all holes were drilled at positive (upward) angles and designed to test the Inferred Resource portions of several key veins that sit above the current underground infrastructure. Hole UGCB18-126 was a sub-horizonal hole drilled at -5 degrees. A plan view showing drill hole locations, sections, and core photos can be accessed by clicking HERE. All holes intercepted their predicted targets, including Hole UGCB18-122, which drilled veins of lower grade and widths due to their proximity or emplacement within the Salinas Unit, a silicified conglomerate that forms a cap over the deposit.
Results for a total of 29 holes have been released to date as part of the Infill resource conversion program (3,384 meters). Drilling is ongoing and further results will be reported as received.
Precious metal mineralization at Cerro Blanco is associated with classic low sulphidation adularia-sericite epithermal quartz veins and vein swarms hosted in altered sequence of volcanoclastic and sedimentary rocks. Higher grades (>20 g/t Au and >60 g/t Ag) are normally associated with visible gold and silver sulphides in ginguro-style colloform-banded veins.
Quality Analysis and Quality Control
Assay results listed within this release were performed by Inspectorate Laboratories (“Inspectorate”), a division of Bureau Veritas, which are ISO 17025 accredited laboratories. Logging and sampling are undertaken on site at Cerro Blanco by Company personnel under a QA/QC protocol developed by Bluestone. Samples are transported in security-sealed bags to Inspectorate, Guatemala City, Guatemala, for sample preparation. Sample pulps are shipped to Inspectorate Laboratories in Vancouver, BC, Canada or Reno, NV, USA, and assayed using industry-standard assay techniques for gold and silver. Gold and silver were analyzed by a 30-gram charge with atomic absorption and/or gravimetric finish for values exceeding 5 g/t Au and 100 g/t Ag. Analytical accuracy and precision are monitored by the analysis of reagent blanks, reference material, and replicate samples. Quality control is further assured by Bluestone’s QA/QC program, which involves the insertion of blind certified reference materials (standards) and field duplicates into the sample stream to independently assess analytical precision and accuracy of each batch of samples as they are received from the laboratory. A selection of samples is submitted to ALS Chemex Laboratories in Vancouver for check analysis and additional quality control.
Qualified Person
David Cass, P.Geo., Vice President Exploration, is the designated Qualified Person for this news release within the meaning of National Instrument 43-101 and has reviewed and verified that the technical information set out above in this news release is accurate and therefore approves this written disclosure of the technical information.
About Bluestone Resources
Bluestone Resources is a mineral exploration and development company that is focused on advancing its 100%-owned Cerro Blanco Gold and Mita Geothermal projects located in Guatemala. A Feasibility Study on Cerro Blanco returned robust economics with a quick pay back. The average annual production is projected to be 146,000 ounces per year over the first three years of production with all-in sustaining costs of $579/oz (as defined per World Gold Council guidelines, less corporate general and administration costs). The Company trades under the symbol “BSR” on the TSX Venture Exchange and “BBSRF” on the OTCQB.
On Behalf of Bluestone Resources Inc.
“Darren Klinck”
Darren Klinck | President, Chief Executive Officer & Director
For further information, please contact:
Bluestone Resources Inc.
Stephen Williams | VP Corporate Development & Investor Relations
Phone: +1 604 646 4534
info@bluestoneresources.ca
www.bluestoneresources.ca
- Published in Bluestone Resources, Gold, Mining, News Home