SIRONA BIOCHEM INITIATES COVID-19 AND INFECTIOUS DISEASES DEVELOPMENT PROGRAM
Sirona Biochem Corp.’s French subsidiary lab, TFChem, has initiated an anti-viral program to produce potential new anti-viral agents to assist in combating COVID-19 and other infectious diseases.
After two months of extensive research, TFChem scientists have determined the proprietary platform technology can be applied to develop new antiviral compounds. Work on this program has begun with a goal to produce new therapies in three current antiviral categories: Neuraminidase Inhibitors, Nucleoside Analogs and Iminosugars. These categories are all Glycosides with a carbohydrate core and therefore suitable for application of the technology. The goal is to develop novel multi-target antiviral compounds, affecting different steps of the viral life cycle. The company believes there is a high therapeutic potential for these Glycosides.
Viruses are a leading cause of death globally. Therapies to treat most viral infections are limited and the emergence of new viruses can greatly endanger society, as is currently the case with the pandemic caused by COVID-19, also known as Coronavirus or SARS-CoV-2. There is a need to identify novel, effective and safe drugs to treat viral infections. Awareness of the value of this project and other antiviral projects ongoing globally has become apparent.
“We have the financial resources to initiate this project and anticipate we will secure further non-dilutive financing to support the project ongoing. We are working to secure new senior laboratory technicians to join our current team at TFChem and have identified suitable candidates within France that will greatly expand our capabilities. We will also reach out to our current partners to explore how their capabilities can assist us in this project. None of these efforts will affect our current core projects which are principally managed by different team members than are involved in early stage compound synthesis,” said Dr. Howard Verrico, CEO of Sirona Biochem.
“These are difficult times with our global battle against COVID-19. We are receiving tremendous support from the French government and have a dedicated team who are always searching for new opportunities to apply our technology. Dr. Geraldine Deliencourt-Godefroy, our Chief Scientific Officer, has a proven ability to identify projects with significant probabilities of clinical success. On her recommendation and the recognition to potentially deliver novel therapies that can benefit the global population, we have decided to proceed with this program,” Dr. Verrico added.
About Sirona Biochem Corp.
Sirona Biochem is a cosmetic ingredient and drug discovery company with a proprietary platform technology. Sirona’s subsidiary lab, TFChem, specializes in stabilizing carbohydrate molecules with the goal of improving efficacy and safety. New compounds are patented for maximum revenue potential.
We seek Safe Harbor.
- Published in Bio technology, News Home, Sirona Biochem
Northern Lights Completes Registration of Secret Pass Gold Project Mineral Claims
Northern Lights Resources Corp.(CSE:NLR) is pleased to announce that the Company has completed the change of registration for the mineral claims acquired under the Secret Pass Gold Project (“Secret Pass”) acquisition announced on July 15, 2019.
Northern Lights was notified by the State of Arizona Department of Land that as of February 12, 2020, the 84 mineral claims (comprising 868 hectares) associated with Secret Pass are 100% owned and registered in the name of Northern Lights’ wholly owned, Arizona registered, subsidiary company Secret Gold Pass LLC.
This step completes the acquisition of the Secret Pass Gold Project and enables Northern Lights to begin exploration field work at the project. The Company plans to commence the exploration field program with the drone based photogrammetry and aero magnetic surveys. The operator of the drone survey systems has confirmed their ability to complete the work utilizing US based teams as soon as the current COVID-19 situation allows.
For further information, please contact:
Albert Timcke, Executive Chairman and President
Email: rtimcke@northernlightsresources.com
Tel: +1 604 608 6163
Or
Jason Bahnsen, Chief Executive Officer
Email: Jason@northernlightsresources.com
Tel: +1 604 608 6163
About Northern Lights Resources Corp.
Northern Lights Resources Corp is a growth oriented exploration and development company that is advancing two key projects: The 100% owned / zero royalty, Secret Pass Gold Project located in Mohave County, Arizona; and the Medicine Springs silver-zinc-lead property located in Elko County, Nevada where Northern Lights is earning 100%.
Northern Lights Resources trades under the ticker of “NLR” on the CSE. This and other Northern Lights Resources news releases can be viewed at www.sedar.com and www.northernlightsresources.com.
- Published in Mining, News Home, Northern Lights Resources
VANSTAR ANNOUNCES A TEMPORARY STOP OF THE DRILLING WORK PROGRAM ON NELLIGAN
According to the new directives issued by the Ministere de la Sante et des Services Sociaux (MSSS) of Quebec province, Vanstar Mining Resources Inc.’s partner, Iamgold Corp., has temporarily stopped the diamond drilling work in progress on the Nelligan project, located in the Chapais-Chibougamau region, in northern Quebec.
The work should resume as soon as the situation related to the COVID-19 will be in better control and safer for the workers.
Approximately 5,000 metres were completed before the work stopped. As laboratories are also affected by this mandatory shutdown, the results should take longer than usual.
The company continues to evaluate other gold projects it plans to add to its portfolio, however. It should be noted that current events can also bring certain opportunities for acquiring gold projects at a lower cost.
“This unfortunate and terrible situation can bring its share of unhappiness without warning. It is therefore strongly recommended that everyone avoid as much contact as possible which could spread this virus. We are very sorry for these circumstances and hope that everything will be back to normal as soon as possible,” mentioned the company’s chief executive officer, Guy Morissette.
This press release was read and approved by Gilles Laverdiere, consulting geologist and qualified person according to the National Instrument 43-101 Canadian standard. Manage Your Subscription
- Published in Gold, Mining, News Home, Vanstar Mining
CRYSTAL LAKE MINING APPOINTS NEW DIRECTOR AND CORPORATE SECRETARY
Crystal Lake Mining Corp.(TSXV:CLM) has appointed David Watkins to the board of directors for the company and Natasha Chapman as corporate secretary.
“On behalf of the Crystal Lake Team, I would like to welcome David to the Board of Directors. David has dedicated over 45 years to his career within our industry, having been a part of over a dozen projects from discovery to economic production in a wide range of commodities and deposit types located throughout the world. There are few individuals in the mining industry with the experience and success that David has. His strong technical background, management expertise, and proven business track record will be an asset in our development of the Company’s flagship Newmont Lake Project in the heart of Northwestern British Columbia’s famed Golden Triangle.” commented Cole Evans, Crystal Lake’s CEO.
Furthermore, the Company is announcing the resignation of Mr. Alphonse Ruggiero from Crystal Lake Mining’s Board of Directors effective March 21st, 2020. The Company would like to thank Mr. Ruggiero for his tenure with the Company and success in his future endeavors.
David Watkins Appointed a Director of the Board
Mr. Watkins is an international mining executive and trained geologist with over 45 years of experience building and managing mining companies. His work throughout the world has resulted in the discovery, development and operation of 15 successful precious and base metal mines throughout North and South America, Australia, and Africa.
Mr. Watkins started his career with Newmont Mining and Noranda as an Exploration Geologist working in Canada, Australia, Mexico, and Ecuador. He became Chief Geologist for mining and exploration at Falconbridge Copper in 1977. By 1986, he was Vice President Exploration of Falconbridge Copper, and later President of Minnova Inc., the successor company to Falconbridge Copper until it’s acquisition by Inmet Mining in 1993. During his tenure Mr. Watkins and his team discovered and built a number of mines that resulted in five operating divisions producing gold, silver, copper, and zinc.From 1993 to 1999, Mr. Watkins served as the Senior Vice President, Exploration for Cyprus Amax Minerals until it’s $1.8 billion purchase by Phelps Dodge, a company later acquired by Freeport-McMoRan to form the world’s largest publicly traded copper company. During Mr. Watkins tenure the company produced copper, gold, molybdenum, lithium, and coal.
From 2000 to 2011, Mr. Watkins served as Chairman and CEO of Atna Resources, a company engaged in exploration, development, and production of gold projects in the Americas. He continued as Chairman from 2011 to 2016.
Mr. Watkins currently serves as Director of Euro Ressources S.A. | Gold Royalties (95% owned IAMGOLD France S.A.S.), Golden Minerals Co., and Commander Resources.
Mr. Watkins graduated with a M.Sc. in Geology from Carleton University in 1970, a B.A. in Geology from Queen’s University in 1967, and is a graduate of the Executive Business Program at the University of Western Ontario. Mr. Watkins is a member of the Canadian Institute of Mining and Metallurgy, Geological Association of Canada, Geological Society of Nevada, and Prospectors and Developers Association of Canada.
This appointment is subject to a TSX Venture Exchange approval.
Natasha Chapman Appointed Corporate Secretary
Ms. Chapman holds a B.A. from Carleton University in Ottawa in 2007 as well as a Project Management Certification from Universite St. Paul in Ottawa. Previously, Natasha held a position within the Policy division of a Crown Corporation in the Nunavut Territory, which provided her an unparalleled experience at the Board level to Corporate Governance.
Natasha replaced Kristine Frost who resigned from the Company effective February 4th, 2020.
About Crystal Lake Mining
Crystal Lake Mining is a junior Canadian mining exploration company focused on exploration and development of it’s 551 km2 Newmont Lake Property in the Golden Triangle of northwest British Columbia, Canada. The Company has an option to earn a 100% interest in the Newmont Lake Project, which is one of the largest land packages in the broader Eskay Creek region of Northwest British Columbia’s Golden Triangle.
We seek Safe Harbor.
- Published in Crystal Lake Mining, Gold, Mining, News Home
Northern Lights Resources (CSE:NLR) Growth Metrics Edge Higher After Secret Pass Gold Project Purchase
MONTREAL, QUEBEC – MomentumPR‘s client Northern Lights Resources Corporation, is listed on the CSE exchange under the symbol: NLR(CSE:NLR).
Momentum PR is pleased to have produced an informative and comprehensive report on Northern Lights Resources, available here – Northern Lights Resources Corporation Investor Report.
Northern Lights Resources Corporation Highlights
- Northern Lights Resources has two prospective mining projects that continue to affirm long-term growth prospects; Secret Pass Gold Project in Arizona and Medicine Springs Silver/Lead/Zinc project in Nevada.
- Secret Pass Gold Project is a former gold producing property, 100% owned by NLR with no royalties payable from future production.
- The prospective gold project stands out in part because it features two major fault systems with numerous gold deposits showing. – NLR is progressing with an exploration plan that includes an aeromagnetic survey and an updated NI43-101 project report for the historic Tin Cup open-pit resource area. Tin Cup offers near-term production opportunities and the potential to host high-grade, shallow underground and open pit gold targets.
- Medicine Spring Project is targeting a large scale, high-grade, silver-lead-zinc carbonate replacement sulphide deposit.
- 123 shallow holes were completed to an average depth of only 43 meters. Notable intersections from the historical drilling includes 18% zinc and 36 g/t Ag over 5m and 7% Zn, 4% Pb, and 114 g/t Ag over 8m. – Exploration results defined a strong NE trending lead-zinc-silver soil anomaly that extends >2000 metres in length and 350-500 meters in width that is planned for drilling in 2020.
Northern Lights Resources Corp. (CSE:NLR) is a growth-oriented company committed to increased shareholder value through exploration and development of high-quality resource projects.
Secret Pass located in Mojave County, Arizona just 15 km north of the historic Oatman gold mining district is a region that produced 2 million ounces of gold 1892-1940. The project area’s excellent advantages include power, water, a skilled labor pool, plus epithermal gold mineralization, hosted by steeply dipping regional fault systems. Past exploration drilling completed in 1984-1991 intersected significant high-grade gold mineralization in the Tin Cup Gold Zone, with gold assays ranging as high as 40g/t.
The Medicine Springs property located in Elko County, Nevada is a previous producer with an extensive drilling prospective for high-grade oxide and sulphide silver, zinc and lead mineralization. Northern Lights is earning 100% equity interest in the project.
Backed by an experienced management team, Northern Lights Resources is on its way to becoming a highly valued exploration company in terms of value generation supported by two highly prospective mining projects.
Momentum PR is pleased to have produced an informative and comprehensive report on Northern Lights Resources, available here – Northern Lights Resources Investor Report
If you would like more information on Northern Lights Resource; https://www.northernlightsresources.com/
Momentum PR
+1.450.332.6939 | info@momentumpr.com | https://momentumpr.com/
Investor Inquiries
Mark Turcotte, Senior Client Manager | mark@momentumpr.com
Media Relations
Isabelle Arsenault, Media Relations | isabelle@momentumpr.com
About Momentum PR
Momentum PR is a cutting-edge public and investor relations consulting agency, representing companies within the Canadian investment community. Since 2009, Momentum PR has been servicing small and mid-cap Canadian-listed public companies, seeking to increase their exposure across North America. The focus at Momentum PR is on building and driving brand awareness. Momentum PR cultivates new audiences in the media and investment communities by proactively engaging interested parties on behalf of client companies, through online and offline channels.
- Published in Gold, Mining, News Home, Northern Lights Resources
Colibri Resource’s Evelyn Gold Project is Gathering Major Attention as Significant New Discovery Potential
MomentumPR‘s client Colibri Resource Corporation, is listed on the TSX Venture exchange under the symbol: CBI(TSXV:CBI) (OTC:CRUCF).
Momentum PR is pleased to have produced an informative and comprehensive report on Colibri Resource Corporation, available here – Momentum Report – Colibri Resource.
Colibri Resource Corporation Highlights
- The company currently has five promising exploration properties at various stages of exploration in the Sonora Gold Belt. The Evelyn Project is the Colibri flagship exploration project located in northern Sonora.
- The state’s mineral-rich area is home to miners such as Fresnillo – Mexico’s largest gold producer and the world’s leading silver producer.
- The El Mezquite 180-hectare site has the potential to host low grade/large tonnage deposits with high sulphidation mineralization. Of 321 rock chip samples, 42 showed high values of >0.10 g/t Au and up to 3.41 g/t Au & 198 g/t Ag.
- Pitaya is located on the Caborca Orogenic Belt in northwest Sonora, an area known for its gold-rich quartz veins. Exploration just two kilometres east at Fresnillo’s Tajitos Project has identified a minimum of 400K Oz.
- Colibri has received the required drilling permits and recently contracted Major Drilling for its maiden drilling program at its Evelyn gold project located 60 kilometres northwest of Caborca, Mexico. The drilling may commence as early as next week.
Colibri Resource Corp. (CBI:TSXV) is a Canadian junior formed explicitly “to acquire and explore historical mining districts in Mexico.” Colibri’s five Sonora properties are located in or near a free-trade zone, which facilitates cross-border movement and general business. The properties enjoy ease of access, well-developed infrastructure, an available pool of skilled labour and a large degree of common logistics, owing to the sites’ relative proximity to each other.
The Evelyn Project considered a significant new discovery opportunity, enjoys open pit potential and contains free gold in oxide ore type, with orogenic mineralization. Buoyed by the gold project’s prospects, the Canadian mining company recently engaged the services of Major Drilling for its eminent drilling program.
The mapping study and drilling program comes by virtue of a localized chip sampling survey in which the samples returned as high as 4.81g/t AU and 4.19 g/t Au in an area with high levels of iron oxide staining. A sampling of the main zone returned 43.1 g/t Au, in sample values, early last ear.
Colibri optioning its Pillar and selling its Pitaya gold properties should help minimize stock dilution while also help accelerate their development. The sale of non-core properties should also allow the company to get the much-needed financing to advance their other highly prospective gold projects while, for now, wisely financing Evelyn and El Mezquite Gold Projects and upholding shareholder value.
The Evelyn project is set to be one of the key drivers propelling the company’s underlying value in part because it is one of the last claims of land not held by a major producer in the area and financing is being generated internally rather than through stock dilution. In fact, Mexico’s largest gold mining company dominates the area by holding upwards of 300,000 hectares of claims around the Evelyn property. Steady news is expected from the Company for the foreseeable future as advancements are made and milestones achieved.
Momentum PR is pleased to have produced an informative and comprehensive report on Colibri Resource Corporation, available here – Momentum Report – Colibri Resource
If you would like more information on Colibri Resource; www.colibriresource.com
Momentum PR
+1.450.332.6939 | info@momentumpr.com | https://momentumpr.com/
Investor Inquiries
Mark Turcotte, Senior Client Manager | mark@momentumpr.com
Media Relations
Isabelle Arsenault, Media Relations | isabelle@momentumpr.com
About Momentum PR
Momentum PRis a cutting-edge public and investor relations consulting agency, representing companies within the Canadian investment community. Since 2009, Momentum PR has been servicing small and mid-cap Canadian-listed public companies, seeking to increase their exposure across North America. The focus at Momentum PR is on building and driving brand awareness. Momentum PR cultivates new audiences in the media and investment communities by proactively engaging interested parties on behalf of client companies, through online and offline channels.
Disclaimer:”All editorial content contained herein is solely the responsibility of Momentum PR and does not reflect, in any way, the opinions of TheNewswire.ca Inc., its partner newswires and / or associated news services.”
Copyright (c) 2020 TheNewswire – All rights reserved.
- Published in Colibri Resource Corp, Gold, Mining, News Home
VANSTAR EXPANDS AMANDA GOLD PROJECT
The management of the company announces that it has acquired 98 additional cells (5,188 hectares) by map designation to be added to Amanda project for a total of 138 cells with a total area of 7,306 hectares.
The Amanda property is located 275 km northwest of Chibougamau within the regional county municipality of Jamésie in the southern part of the Nord-du-Québec administrative region, Quebec, Canada.
Local geology
The Amanda project is located in the southeastern part of the Auclair Formation in the La Grande Subprovince. The Auclair Formation consists of a sedimentary pile essentially made up of paragneiss alternating with iron formations varying from a few meters to forty meters thick. South of Lac Béryl, there is an intrusion corresponding to a foliated and homogeneous tonalite as well as a band of volcanic rocks belonging to the Natel Formation. The Natel Formation represents the basis of the Eastmain Group. South of the Natel Formation, metasedimentary rocks are described as belonging to the Laguiche Complex. The region has structural complexity linked to the presence of folds, shear zones and faults.
Two major deformation phases (D1 and D2) are highlighted on the property.
Orogenic-type gold mineralization is associated with these two deformation episodes. However, the most important, such as the Eau Claire deposit located 40 km to the west and the mineralization of the Amanda property, are linked to event D2.
Economic geology
Several gold showings are listed on the Amanda property. Other evidence with a similar geological background is also highlighted within a 15 km radius to the west and southwest of the property. Mineralization consists of pyrite, pyrrhotite, disseminated arsenopyrite, and gold in veined quartz veins intersecting iron formations or in paragneiss. The type of mineralization is similar to the Homestake, Lupine and Musselwhite deposits.
The following data presents some historical results from boreholes and trenches:
Hole | Grade g/t Au | Thickness (m) | Showing |
AC-97-31 | 2,42 g/t Au | 4 m | Arianne |
and | 5,4 g/t Au | 7 m | |
including | 12,1 g/t Au | 3 m | |
AC-02-01 | 1,15 g/t Au | 18 m | Arianne |
AC-02-05 | 0,52 g/t Au | 11,37 m | Rock’n Hammer |
Including | 1,36 g/t Au | 2 m | |
Trench | Grade g/t Au | Thickness (m) | Showing |
TR-97-01 | 0,6 g/t Au over | 8,3 m | Arianne |
and | 1,07 g/t Au over | 7 m | Arianne |
TR-97-03 | 1,35g/t Au over | 11 m | Ti Beu |
including | 5,2 g/t Au over | 2 m | Ti Beu |
TR-97-04b | 1,69 g/t Au over | 13,8 m | Kog |
and | 5,17 g/t Au over | 2,9 m | Kog |
and | 8,34 g/t Au over | 1,6 m | Kog |
“The geological and geophysical data as well as the presence of many gold showings located in several locations on the Amanda property and in its environment confirm the gold potential of this project. Following the recommendations of our consulting firm, we plan to start various exploration work there (geophysics, geology and prospecting) as soon as the land is accessible in order to prepare a first drilling campaign, “underlined the CEO, Mr. Guy Morissette.
The company is currently in discussions with a few specialized firms in order to carry out this first step.
Félix project
The management of the company intends to undertake as soon as possible a first drilling program on this project. Located in the Chicobi sedimentary formation, this project proposes some interesting targets in areas of low magnetic intensities.
Nelligan Project
With regard to the Nelligan project, the drilling program currently underway continues without stopping. The company is still awaiting the first results. More than 2,500 meters have been completed to date on a program of a minimum of 8,000 meters. The objectives of this program are to verify the lateral and in-depth extensions of the Nelligan deposit as well as to categorize the inferred resources into the indicated resources.
The Nelligan deposit contains nearly 100 million tonnes grading 1.02 g/t Au for a current total of nearly 3.2 million ounces of inferred gold (NI43-101 Report Oct 2019).
This press release was read and approved by Gilles Laverdière, consulting geologist and qualified person according to Canadian standard 43-101.
The TSX Venture Exchange and its regulator (as defined in the TSX Venture Exchange policies) accept no responsibility for the adequacy or accuracy of its content.
Sources: | Sébastien Plouffe, VP – Investor Relations |
splouffe@vanstarmining.com 514-947-2272 | |
Gary Claytens, VP – Western Corporate Development 604-761-3233 | |
info@rvanstar.com | |
(www.vanstarmining.com) |
- Published in Mining, News Home, Vanstar Mining
Sirona Biochem: Letter to the Shareholders
Sirona Biochem Corp. (TSX-V: SBM) (FSE: ZSB) (US-OTC: SRBCF)(“Sirona”) is pleased to provide the following update:
To our valued Shareholders,
Over the last several weeks, Sirona Biochem’s management has been monitoring the recent increase in cases of Coronavirus (COVID-19), as we are sure many of you have. As an international organization, operating on three continents, Sirona has been one of the many companies affected by recent events. I want to assure you that we’re taking all necessary steps to advance our projects while minimizing delays and remaining a responsible corporate citizen. While all projects are moving forward, there have been some unavoidable delays and necessary rescheduling.
The health and safety of our employees and consultants is our paramount concern. During these uncertain times, this simple fact has been at the heart of all our discussions. To that end, we have taken numerous proactive measures to address the situation at hand, including:
- We have implemented a work from home policy for our employees and consultants (outside of our lab) to ensure we minimize the opportunity for spreading the virus. Historically we have operated virtually for much of our work and this transition has required minimal effort and has resulted in no loss of productivity.
- We have delayed travel. Fortunately, our strong established relationships with our current partners has allowed this step to limit the impact on moving our projects forward. We will restore travel as soon as it is deemed appropriate, including travel to China.
- We have not been required to suspend operations at the lab as part of a 15-day country wide lockdown in France. We will continue to cooperate with all government measures in the country’s in which we operate.
We will not achieve all our goals for this quarter as originally planned, but we still anticipate meeting all goals near term. Sirona has completed preparation for the increased dose (0.4%) clinical study for its skin lightening compound TFC-1067. Starting this clinical trial is the objective most delayed since obtaining formulation supplies from China were delayed pushing the potential trial into summer months. We are currently communicating with a global company (that plans to participate in this trial) to determine an ideal start date. Their participation in the trial is a tremendous added value to Sirona.
Other exciting news is anticipated regarding TFC-039 as stated in our last update. Extensive progress has been made and an announcement is anticipated. We are fortunate to have ample working capital to achieve our goals and are in no need to contemplate any dilutive capital raise. In fact, we are considering an expansion in the lab team to bring added resources to accelerate an exciting new project. Further details of this project and other projects will be forthcoming as we integrate our partners into a unified plan.
At Sirona Biochem, we pride ourselves on delivering exciting new therapeutics and cosmetic ingredients to partners using our proprietary platform technology. We will continue to monitor the COVID-19 situation and follow the directives and advice of the World Health Organization (WHO) and the governmental authorities for as long as necessary. As a shareholder I share your frustrations with current overall market conditions. By demonstrating our ability to navigate these challenging times and grow the company we hope to give shareholders the confidence needed to regain the value of their investment.
Dr. Howard Verrico, CEO
About Sirona Biochem Corp.
Sirona Biochem is a cosmetic ingredient and drug discovery company with a proprietary platform technology. Sirona’s subsidiary lab, TFChem, specializes in stabilizing carbohydrate molecules with the goal of improving efficacy and safety. New compounds are patented for maximum revenue potential.
Sirona’s compounds are licensed to leading companies around the world in return for licensing fees, milestone fees and ongoing royalty payments.
For more information, please visit www.sironabiochem.com.
- Published in Life Sciences, News Home, Sirona Biochem
CASTLE EAST SILVER DISCOVERY PROMPTS PROPOSED NAME CHANGE FOR CANADA COBALT
A special meeting of Canada Cobalt Works Inc.’s shareholders will be held on May 7, 2020, in order to change the company’s name to Canada Silver Cobalt Works Inc. The CCW trading symbol will remain the same.
The name change is subject to a Special Resolution which requires the approval of at least 66% (two-thirds) of the votes cast by shareholders present in person or represented by proxy at the May 7 Meeting.
Marc T. Bamber, Canada Cobalt director, commented: “Given the growing significance of the high-grade silver discovery at Castle East, in the heart of a robust past producing primary silver camp with cobalt as an important by-product, making ‘silver’ part of the full company name is a necessary step. It will help put CCW on a lot more radar screens among silver-focused investors at a time when the outlook for silver couldn’t be better in management’s view given current levels and global developments.
“Concurrently, ‘Canada Silver Cobalt Works’ also reflects our competitive advantage in the cobalt space and the fact we are now vertically integrated with a processing facility in the town of Cobalt. The CCW stock symbol, integral to the brand, will not change. There will be a minor adjustment to the logo and a significant revamping of the web site. In addition, we’re exploring the possibility of a listing on the London Stock Exchange.”
About Canada Cobalt Works Inc.
Canada Cobalt’s flagship Castle mine and 78 sq. km Castle Property features strong exploration upside for silver, cobalt, nickel, gold and copper in the prolific past producing Gowganda high-grade Silver District of Northern Ontario. With underground access at Castle, a pilot plant to produce cobalt-rich gravity concentrates on site, and a proprietary hydrometallurgical process known as Re-2OX for the creation of technical grade cobalt sulphate as well as nickel-manganese-cobalt (NMC) formulations, Canada Cobalt is strategically positioned to become a vertically integrated North American leader in cobalt extraction and recovery while it also exploits a powerful new silver-gold market cycle.
We seek Safe Harbor.
- Published in Canada Cobalt Works, Mining, News Home
SAN MARCO BEGINS DRILLING AT BUCK PROPERTY, CENTRAL BC
Vancouver, B.C. – March 17, 2020: San Marco Resources Inc. (TSX-V: SMN) (“San Marco” or the “Company”) is pleased to announce that it has commenced drilling at its 100% optioned gold/silver/zinc Buck property in north central B.C.
Highlights of the fully-funded Phase I drill program include:
- Up to 2,000 metres of HQ diamond drilling
- Investigate potential depth extensions of known mineralized zones
- Step-out drilling in areas of potential new discoveries
- Step-out drilling in areas of potential new discoveries
- Confirm bulk tonnage potential as well as zones of high grade mineralization
Since very little drill core from historical drilling is available for review, this initial drill program will provide fresh drill core for detailed logging and support of what appears to be a large, highly altered gold/silver/zinc breccia system. San Marco’s Vice President of Technical Services, Sharyn Alexander, commented “We are very excited to begin drilling at our Buck property. We have a strong technical team with years of combined experience, and we are eager to test some very interesting targets outlined during our data compilation and review. Data to date indicates the Buck property hosts large areas of surface and near surface mineralization and it is anticipated that the current drilling will confirm this and give indications of depth potential.
The Buck property is thought to be structurally complex, such that the Company has retained Chris Gallagher of Rogue Geoscience, who specializes in 3D geologic and structural modeling, oriented core procedures and integration of field portable analyzers. The drill program is being conducted under the supervision of Coast Mountain Geological Ltd, mineral exploration consultants, of Vancouver B.C. Local operator J.T. Thomas of Smithers, B.C., is carrying out the drilling.
About San Marco
San Marco is a Canadian mineral exploration company actively pursuing world class gold, silver, zinc and copper projects with a focus in mining friendly jurisdictions in both British Columbia, Canada and Mexico. The Company’s principal focus and asset is the recently optioned Buck Property in north-central British Columbia that has large tonnage gold-silver-zinc potential in a mining-friendly region that includes many former and current operating mines. In addition, the Company’s portfolio includes the several prospective, early stage exploration properties in Mexico. San Marco is committed to environmental and social responsibility with a focus on responsible development to generate positive outcomes for all stakeholders.
For further information, contact:
Robert Willis, P. Eng. | Executive Director
Sharyn Alexander, M.Sc. | VP Technical Services
info@sanmarcocorp.com
National Instrument 43-101 Disclosure
This news release has been approved by San Marco’s Executive Director, Robert D. Willis, P. Eng. a “Qualified Person” as defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators. He has verified the data disclosed, including sampling, analytical and test data, underlying such technical information by reviewing the data and reports from previous exploration of the property which he believes to be accurate and were provided to San Marco by the optionors.
Forward Looking Information
Information set forth in this document may include forward-looking statements. While these statements reflect management’s current plans, projections and intents, by their nature, forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond the control of San Marco Resources Inc. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on these forward-looking statements. San Marco’s actual results, programs, activities and financial position could differ materially from those expressed in or implied by these forward-looking statements.
Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.
- Published in Gold, Mining, News Home, San Marco Resources
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