Northern Lights Applies to Trade on OTCQB Exchange
Northern Lights Resources Corp. (CSE:NLR)(“Northern Lights” or “NLR”) is pleased to announce that it has applied to list its common shares on the OTC Venture Market (“OTCQB”), a USA based trading platform operated by the OTC Markets Group.
NLR also reports that it has filed a Form 211 with the governing US securities regulators (i.e. FINRA) to trade in the USA. The Company will provide further information once its common shares commence trading.
The OTCQB Markets is a premier marketplace for early stage and developing U.S. and international companies that are committed to providing a high-quality trading and information experience for U.S. investors. Investors can find real-time quote and market information for OTCQB listed companies at https://www.otcmarkets.com.
The Company believes that trading on the OTCQB Markets will provide additional equity and liquidity as well as increasing its visibility within the U.S. capital markets especially as the Company’s two exploration projects, Secret Pass Gold Property and Medicine Springs are located in Arizona and Nevada. Northern Lights Resources continues to trade on the Canadian Securities Exchange, “CSE” under its symbol “NLR”.
For further information on Medicine Springs Project and Northern Lights Resources please contact:
Albert Timcke, Executive Chairman and President
Email: rtimcke@northernlightsresources.com
Tel: +1 604 608 6163
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 projects: The 100% owned, Secret Pass Gold Project located in Arizona; and the Medicine Springs silver-zinc-lead Project located in Elko County Nevada where Northern Lights is earning 100% in joint venture with Reyna Silver Corp.
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
Sun Summit (formerly San Marco) completes 10 holes at Buck
Sun Summit Minerals Corp. (TSXV: SMN) (“Sun Summit” or the “Company”) announces the completion of 10 diamond drill holes at its 100% controlled Buck gold and silver property in north-central British Columbia.
Highlights
- Completion of 10 HQ diamond drill holes totalling 4,200 metres. All samples are in the lab and assays are pending.
- All holes tested the lateral and vertical extent of epithermal-related gold and silver mineralization associated with the Horseshoe Zone.
- Continuous zones of disseminated, vein-hosted, and breccia-hosted sulfide mineralization were observed in all drill holes.
- A 2 by 2.5 kilometre 3D Induced Polarization (IP) survey was completed over the known extent of the breccia complex as well as over areas considered prospective for mineralization below overburden.
Bob Willis, Sun Summit’s CEO, stated: “It is very encouraging to see the style and extent of mineralization identified in our drilling. We have tested only a small fraction of this breccia system and look forward to analyzing the results as soon as the assays are received and interpreted. The fact that we can drill year round gives our shareholders exposure to continued news flow throughout the winter.”
Drilling
Phase 2 drilling is focussed on testing the lateral and vertical extent of epithermal-related gold and silver mineralization associated with the Buck breccia complex (see SMN news release dated August 6, 2020). Current drill collars cover a footprint of approximately 550 by 250 metres and holes were drilled to a maximum depth of 500 metres (see Figure 1). New geological observations have been used to characterize multiple breccia-hosted mineralization styles comprised of sulfide cemented magmatic-hydrothermal breccias, mineralized clast-bearing volcanic breccias and hydrothermal breccias with cross cutting sulfide-bearing veins. Pervasive and selectively pervasive hydrothermal alteration comprised of silica + sericite ± carbonate ± clay is widespread and associated with locally strong sulfide mineralization. Most holes cut long intervals of varying proportions of disseminated, clotted and vein-hosted sphalerite, pyrite, marcasite ± chalcopyrite and galena. Based on results from Phase 1 drilling (see SMN news release dated May 12, 2020), these alteration and sulfide mineral assemblages are considered prospective for associated gold and silver mineralization.
Figure 1. Current Phase 2 Drill Hole Locations
To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/6142/67501_fd1d4fa9c405aac6_001full.jpg
Induced Polarization Survey
The recently completed 3D IP survey has outlined new areas of strong chargeability response both laterally from and below the current drilling footprint. These new data together with the recently released soil geochemistry (see SMN news release dated September 28, 2020) suggests that additional targeting is warranted north of the Horseshoe Zone in the untested Bob North Zone. New coincident geophysical features (e.g., chargeability and resistivity) at >300 metres depth suggests that additional deeper drilling is also warranted to investigate the potential buried heat source related to widespread, near-surface mineralization.
Exploration Model
The Company is now awaiting assays from the recently completed 10 drill holes. These data will be compiled and modelled together with the new 3D IP geophysical data, ground magnetic geophysical data, soil geochemical data and surface and subsurface lithological and hydrothermal alteration data to build and refine a comprehensive exploration model. This new model will be used to guide additional drill hole targeting.
Metals Investment Forum
Sun Summit will be participating in the Virtual Metals Investment Forum (MIF) on Thursday, November 5, 2020. Hosted by newsletter writers, the forum showcases each writer’s Top Pick investment opportunities in exploration and mining.
To register for the upcoming virtual MIF conference, please visit the event’s website:
Global Mining Symposium
Sun Summit will be participating in the Global Mining Symposium on Thursday, November 12, 2020. The virtual mining and investment conference, presented by The Northern Miner, attracts experts from mining, exploration, and finance.
To register for the upcoming virtual Global Mining Symposium, please visit the event’s website:
Health and Safety
The Company’s exploration programs are being carried out in full compliance with federal, provincial, and municipal guidelines established in response to the global COVID-19 pandemic. Sun Summit has a rigorous infection prevention and control protocol in place to protect the health of employees and contractors, as well as surrounding communities in which the Company works.
About Sun Summit
Sun Summit Minerals Corp. (formerly San Marco Resources Inc.) is a Canadian mineral exploration company actively pursuing world class gold and silver projects with a focus in mining friendly jurisdictions.
The Company’s principal focus is the Buck Property in north-central British Columbia that has bulk-tonnage gold and silver potential. The property is located in a mining-friendly region that includes many former and current operating mines.
Sun Summit is committed to environmental and social responsibility with a focus on responsible development to generate positive outcomes for all stakeholders.
Further details are available at www.sunsummitminerals.com
Link to Figure
Figure 1:
For further information, contact:
Sharyn Alexander, M.Sc.
VP Technical Services
Nancy Curry
Corporate Communications
info@sunsummitminerals.com
Tel. 778-588-9606
National Instrument 43-101 Disclosure
This news release has been approved by Sun Summit’s CEO, 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 also verified the data disclosed, including sampling, analytical and test data, underlying the technical information in this news release.
- Published in Mining, News Home, San Marco Resources
Medicine Springs Option Agreement Conditions Complete
Northern Lights Resources Corp. (CSE:NLR)(“Northern Lights” or “NLR”) is pleased to announce that all subsequent conditions to the Medicine Springs Option and Joint Venture Agreement announced with Reyna Silver Corp. (“Reyna Silver”) on October 5, 2020, including legal due diligence, have been completed and the agreement is now binding.
The Medicine Springs Project comprises 1,189 Ha of Federal mineral claims located in Elko County, Nevada and has the potential to host high-grade silver-zinc-lead Carbonate Replacement Deposit (“CRD”) mineralization.
The geological team from Northern Lights and Reyna Silver have been at the Medicine Springs project site for the past several days reviewing the project geology and near term exploration plans.
Dr. Peter Megaw, Technical Advisor to Reyna commented “Medicine Springs ticks the most important boxes we look for in CRD exploration including location on a large regional structure that hosts significant CRDs, situation at the top of a thick section of structurally-prepared potentially favorable carbonate host rocks, evidence of high silver grades, and widespread, multi-stage alteration. Some of the historic dump and rock chip samples run well over our 400 g/t (12 oz/t) silver threshold and it is quite likely that similar grades were diluted by the Reverse Circulation drilling used historically in the district. We will be drilling core to get a true picture of the clearly structurally-controlled mineralization as we trace it towards its source.”
The Northern Lights and Reyna Silver intend to update investors about the near term exploration plans for Medicine Springs in the coming weeks.
Reyna Silver is committed to spending a minimum of US$2.4 million in exploration expenditures and paying Northern Lights a US$1 million cash payment to earn an 80% ownership in the Medicine Springs Project with Northern Lights retaining a 20% interest. Northern Lights is not required to make any cash contribution to project expenditures until Reyna Silver has spent a minimum of US$4m.
For further information, please contact:
Albert Timcke, Executive Chairman and President
Email: rtimcke@northernlightsresources.com
Tel: +1 604 608 6163
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 projects: The 100% owned, Secret Pass Gold Project located in Arizona; and the Medicine Springs silver-zinc-lead Project located in Elko County Nevada where Northern Lights is earning 100% in joint venture with Reyna Silver Corp.
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
Canada Silver Cobalt Enters into Option to Acquire a High-Grade Nickel Copper Discovery
Canada Silver Cobalt Works Inc. (TSXV: CCW) (OTCQB: CCWOF) (Frankfurt: 4T9B) (the “Company” or “Canada Silver Cobalt”) is pleased to announce that it has entered into an option agreement with MagNor Resources (MagNor) dated October 26 , 2020 (the “Agreement”) whereby Canada Silver Cobalt may earn an undivided 100% Interest, subject to a 2% NSR, in the MagNor’s B2 property in Quebec, Canada. The property has 12 claims totaling 670 hectares (6.7km2). The Agreement is subject to TSX Venture Exchange (“Exchange”) acceptance.
Highlights of Property
The NNW-SSE mineralized zone is traceable along strike over 1 kilometer and is open in all directions.
A stripped zone exposed a length of 35m of massive sulphides 8-10m wide.
- A total of 6 grab samples were sent to ALS Laboratory in Val-d’Or for analysis of a package of multi-elements. Assay results returned massive Ni-Cu-Co mineralization (see Figure):
- 1.05 % Ni, 0.13 % Cu, 0.10 % Co
- 0.96 % Ni, 0.10 % Cu, 0.09 % Co
- 0.69 % Ni, 0.62 % Cu, 0.19 % Co
- for the epithermal veinlets associated with quartz injections:
- 9.28 % Cu, 18.2 g/t Ag, 0.34 g/t Au
- 2.97 % Cu, 5.7 g/t Ag, 0.29 g/t Au, 0.10 % Ni
- Anomalous values in Ti (1.1 %), P (0.45 %) and Mn (0.12 %) in mylonitic ferro-gabbro with 0.14% Cu associated with mineralization in pyrrhotite, pyrite and chalcopyrite stringers (5-10 %)
The B2 Ni Cu property contains new showings for Ni-Cu-Co that were discovered in August 2019 by Alain Berclaz & Frederic Bergeron. It is located in NTS 22E11 of the Saguenay Lac-St-Jean region of Quebec. The property is easily accessed by well-maintained logging roads and forest trails from the KM92 of the Passes Road (R250 & R251).
“With the increasing demand of lithium ion batteries for electric vehicles (EV), optioning this property fits well within the company’s battery metal development program” said Frank J. Basa, P.Eng CEO. “With high-grade near-surface mineralization, the company has mobilized a geological team to the site to plan an exploration program.”
Mineralization on the property is of three types
- Magmatic Ni-Cu-Co associated with anorthosite consisting of massive sulphides up to 5m wide, composed of 65-90% coarse-grained pyrrhotite (-pentlandite), pyrite, chalcopyrite and 10-30% host rock fragments.
- Magmatic Fe(-Ti-P-V) associated with anorthosite, leuco-gabbro, gabbronorite, norite and pyroxenite consisting of up to 5m-thick layers, lenses and veins of massive oxides (mainly magnetite).
- Epithermal Cu-Ag-Au associated with late pegmatitic quartz veins and monzogranite consisting of up to 1m-thick, semi-massive, brecciated stockwork, veinlets, and stringers of pyrite, chalcopyrite and bornite.
Terms of the Agreement
Pursuant to the terms of the Agreement, the Company may exercise the option with MagNor as follows:
- On Closing, making a payment of $62,500(1);
- 24 months from Closing, making a payment of $62,500(1);
- 36 months from Closing, making a payment of $62,500(1); and
- 36 months from Closing, incurring an aggregate of $100,000 in Exploration Expenditures on the Ni Cu property;
(1) | Payment can be made in cash or through the issuance of Canada Silver Cobalt shares at a price per common share equal to the volume weighted average trading price of the Company’s shares on the Exchange for the ten (10) trading days immediately preceding the Closing Date, at the option of the Company. |
All securities issued in connection with this transaction will be subject to a four month and a day hold period in accordance with applicable securities laws.
Qualified Person
The technical information in this news release has been reviewed by Claude Duplessis, P.Eng., GoldMinds Geoservices Inc. member of Québec Order of Engineers and a qualified person in accordance with National Instrument 43-101 standards.
About Canada Silver Cobalt Works Inc. www.canadasilvercobaltworks.com
Canada Silver Cobalt Works released the first-ever resource in the Gowganda Camp and greater Cobalt Camp in May 2020. A total of 7.56 million ounces of silver in Inferred resources, comprising very high-grade silver (8,582 grams per tonne un-cut or 250.2 oz/ton) in 27,400 tonnes of material from two sections (1A and 1B) of the Robinson Zone beginning at a vertical depth of approximately 400 meters was calculated. The discovery remains open in all directions (1A and 1B are approximately 800 meters from the east-trending Capitol Mine workings) (mineral resources that are not mineral reserves do not have demonstrated economic viability) (refer to Canada Silver Cobalt Works Press Release May 28, 2020). Canada Silver Cobalt’s flagship Castle mine and 78 sq. km Castle Property feature 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, a processing facility (TTL Laboratories) in the town of Cobalt, 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 Silver Cobalt is strategically positioned to become a Canadian leader in the silver-cobalt space.
“Frank J. Basa” Frank J. Basa, P. Eng.
Chief Executive Officer
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
SOURCE Canada Silver Cobalt Works Inc.
- Published in Canada Cobalt Works, Mining
San Marco to change name to Sun Summit Nov. 2
San Marco Resources Inc. (TSXV: SMN) (“San Marco” or the “Company”) announces that, effective Monday, November 2, 2020, its name will change to “Sun Summit Minerals Corp.”
CEO Bob Willis stated, “We are excited to make this change to highlight our new focus on our flagship Buck property in central B.C. and other opportunities which our group identifies. The name denotes “new heights” and we hope to achieve this by re-examining the Buck project with a new outlook, new takes on research, and using new technology. We have assembled a top notch team of professionals to ensure we achieve our goals at Buck.”
The new CUSIP number and ISIN for its common shares will be 86687V100 and CA86687V1004, respectively. Its trading symbol will remain “SMN” and there will be no consolidation or other change to its share capital.
The name change will be accompanied by a new logo and website, which will be visible in the coming weeks online and on and other corporate material.
Drilling is currently ongoing at the Buck property (see news release from September 8, 2020), and an exploration update will be released shortly.
Metals Investment Forum
San Marco Resources / Sun Summit Minerals will be participating in the Virtual Metals Investment Forum (MIF) on Thursday, November 5, 2020. Hosted by newsletter writers, the forum showcases each writer’s Top Pick investment opportunities in exploration and mining.
To register for the upcoming virtual MIF conference, please visit the event’s website:
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 and Mexico.
The Company’s principal focus is the Buck Property in north-central British Columbia that has bulk-tonnage gold and silver potential. The property is located in a mining-friendly region that includes many former and current operating mines. The Company’s portfolio also includes 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.
Further details are available at www.sanmarcocorp.com
For further information, contact:
Sharyn Alexander, M.Sc.
VP Technical Services
Nancy Curry
Corporate Communications
Tel. 778-588-9606
- Published in Mining, News Home, San Marco Resources
Secret Pass Update and Drill Program
Northern Lights Resources Corp. (the “Company” or “Northern Lights”) is pleased to announce an update to exploration work at the Company’s 100% owned Secret Pass Gold Project (“Secret Pass” of the “Project”) located in Mohave County, northwestern Arizona.
Exploration work completed by Northern Lights during 2020 has identified significant potential for high-grade gold mineralization at the Tin Cup and FM zones plus the newly identified Fiery Squid zone as well as 20 follow-up exploration targets previously disclosed in the Company’s news release of September 9, 2020.
During 2020, Northern Lights has completed significant geological fieldwork on Secret Pass including:
- Airborne drone photogrammetry mapping survey (completed May/Sept 2020)
- Airborne drone magnetic survey and interpretation (completed Sept 2020)
- Geological mapping and stream sediment and panned concentrate sampling (Sept / October 2020)
- Reinterpretation of historical IP survey data (results pending)
- A detailed review of historical geological work and GIS digitization and orientation of historic data
Refer to Figure 1: Secret Pass Geological Map and Preliminary Target Zones
Preliminary Geological Model – Tin Cup and FM Zones
Work completed by Northern Lights indicates that historic drilling has only tested the upper part of the potential epithermal gold zone at the Tin Cup and FM prospects.
Historic reverse circulation exploration drilling completed at Tin Cup intersected high-grade gold mineralization from near-surface to a maximum depth of approximately 180 metres. The average depth of the 145 historic holes completed on the Secret Pass property was 95 metres.
Assay results from the historic drilling at Tin Cup ranged up to 40 g/t Au. Several notable intersections are shown in Table 1.
Table 1: Selected Historic Drill Results at Tin Cup Zone
The mineralized zone at Tin Cup has a strike length of approximately 245 metres and a drill-indicated depth of up to 180 metres, both open along strike and depth. High-grade mineralization greater than 3 g/t Au, is localized in 3.0 to 7.6 metres wide, steep westerly-dipping structures that occurs within a much wider mineralized fault zone that ranges from 30 to 45 metres in width. The mineralization has a northwest plunge and is open at depth.
Analysis completed by Northern Lights indicates that there is potential to discover high-grade gold mineralization below the limit of the historic drilling at Tin Cup. With reference to the deepest level of production (650 m RL) at the Gold Road Mine (operated by Aura Minerals Inc., located 11 km due south of Secret Pass) and the limited depth of the historic drilling at Tin Cup (900 m RL), there is potential for high-grade gold mineralization for an additional 250 metres below the depth of historic drilling.
Refer to Figure 2: Secret Pass Geological Model – Tin Cup Prospect Cross-Section.
Historical USGS geological studies of gold-silver deposits in the Oatman Gold District establishes that the epithermal gold-silver mineralization was deposited over a temperature range of 150 to 280 degrees C and occur between the elevations of 1900 to 3050 feet (575-915 meters). The highest gold and silver grades were observed at the Gold Road and Tom Reed mines, hosted by colloform banded chalcedony-adularia-calcite-pyrite veins with a low Au:Ag ratio and a weak As-Sb-F geochemical signature. Based on the Oatman epithermal model, it is postulated that the Tin Cup and FM gold mineralization is situated in the middle to upper portions of the epithermal gold system. This assertion is further supported by the presence of adularia, fluorite and fluid inclusion temperatures ranging from 190-240 degrees C from a majority of the Tin Cup veins.
Secret Pass Phase 1 Drill Program
Northern Lights has planned an initial 8 hole, 1,600 metre, diamond core drill program at Secret Pass to commence immediately upon the Company receiving the required exploration and drill permits that are currently in process.
This initial Phase 1 drill program will focus on confirming the presence of high-grade gold mineralization identified by historic drilling and providing structural information as well as to test for the potential of continued mineralization at depth at Tin Cup.
Also, the Phase 1 program will include two holes at the newly identified Fiery Squid zone located approximately 2 km to the north of the Tin Cup zone. A historic grab sample from the dumps adjacent to the shaft at Fiery Squid yielded 6 g/t Au. The Fiery Squid zone is an intense sericite-altered, quartz-veined set of contacts developed between a swarm of rhyolite intrusions and host andesite situated in the middle of a 1000 x 500 metre zone of iron oxide alteration.
All drilling will be diamond core drilling, size HQ.
Hole | Location | Azimuth (o) | Dip (o) | Length (m) |
TC01 | Tin Cup | 310 | -50 | 250 |
TC02 | Tin Cup | 220 | -45 | 175 |
TC03 | Tin Cup | 220 | -55 | 225 |
TC04 | Tin Cup | 220 | -65 | 400 |
FM01 | FM | 220 | -50 | 150 |
FM02 | FM | 220 | -50 | 150 |
FS01 | Fiery Squid | 220 | -45 | 100 |
FS02 | Fiery Squid | 175 | -45 | 150 |
Total | 1,600 |
Table 2: Secret Pass Phase 1 Drill Program
Northern Lights has appointed Altar Drilling, Inc., based in Tucson Arizona, to commence diamond core drilling at Secret Pass once the permitting process has been completed.
The scientific and technical data contained in this news release was reviewed and approved by Gary Artmont (Fellow Member AUSIMM #312718), Head of Geology and qualified person to Northern Lights Resources, who is responsible for ensuring that the geologic information provided in this news release is accurate and who acts as a “qualified person” under National Instrument 43-101 Standards of Disclosure for Mineral Projects.
For further information, please contact:
Albert Timcke, Executive Chairman and President
Email: rtimcke@northernlightsresources.com
Tel: +1 604 608 6163
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 projects: The 100% owned, Secret Pass Gold Project located in Arizona; and the Medicine Springs silver-zinc-lead Project located in Elko County Nevada where Northern Lights, in joint venture with Reyna Silver is earning 100% ownership.
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.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release includes certain “forward-looking statements” under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to: the terms and conditions of the proposed private placement; use of funds; the business and operations of the Company after the proposed closing of the Offering. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties; delay or failure to receive board, shareholder or regulatory approvals; and the uncertainties surrounding the mineral exploration industry. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking statements. The Company 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 law.
Figure 1: Secret Pass Geological Map and Preliminary Drill Target Zones (For enhanced image, click here)
Figure 2: Secret Pass Geological Model – Tin Cup Prospect Cross Section (For enhanced image, click here)
SOURCE: Northern Lights Resources Corp.Related Documents:
- Published in Mining, News Home, Northern Lights Resources
Sirona Biochem Announces Acceptance of Clinical Study for TFC-1067 in the Journal of Cosmetic Dermatology
Sirona Biochem Corp. (TSXV: SBM) (FSE: ZSB) (USOTC: SRBCF) (“Sirona“) is pleased to announce that the clinical study using .2% TFC-1067 and conducted by Dr. Zoe Draelos of Dermatology Consulting Services, North Carolina, has been peer reviewed and accepted for publication in the Journal of Cosmetic Dermatology.
The study abstract can be found at the following link: https://doi.org/10.1111/jocd.13771
“The acceptance of a peer-reviewed study in a prestigious dermatology journal shows the dedication and credibility of our team and unwavering support of our innovative compound TFC-1067,” said Dr. Geraldine Deliencourt-Godefroy, Chief Scientific Officer of Sirona Biochem. “While we continue to foster our global partnerships, this publication will provide tremendous of commercial value as consumers increasingly demand clinical validation of products. With the unique benefits of TFC-1067 demonstrated in this trial, we are very excited about the next clinical trial currently underway using a higher concentration and improved formulation” she added.
The 12-week double blinded study involving 48 participants, completed in 2019, showed that TFC-1067 successfully achieved the endpoint of lightening dyschromic areas (dark spots) on the skin. With the application of TFC-1067, areas of hyperpigmentation were significantly lightened while preserving overall skin tone. TFC-1067 demonstrated the ability to lighten dark spots to blend into surrounding skin while preserving overall complexion. In this study, TFC-1067 achieved this goal while Hydroquinone did not, which is a tremendous consumer benefit and commercial advantage.
Further studies are planned, with one currently underway. Exploring the potential of TFC-1067 on different skin types, formulations and concentrations will further unlock the consumer and commercial unique benefits.
Hydroquinone has remained the gold standard for skin lightening despite known toxicity which is an ongoing concern for the FDA and the dermatology community. Hydroquinone is banned or has restricted dosing in an increasing number of countries. Despite the fact that many non-hydroquinone alternative lightening compounds are either toxic or ineffective, unfortunately millions of people still resort to toxic treatments for hyperpigmentation despite poor aesthetic results. There is a clear unmet need for a safe and effective treatment in this 20-Billion-USD skin lightening market.1
About the Journal of Cosmetic Dermatology
The Journal of Cosmetic Dermatology is the official journal of the International Academy of Cosmetic Dermatology (IACD) and the Canadian Association of Aesthetic Medicine (CAAM). The Journal publishes high quality, peer-reviewed articles on all aspects of cosmetic dermatology with the aim to foster the highest standards of patient care in cosmetic dermatology. Published quarterly, the Journal of Cosmetic Dermatology facilitates continuing professional development and provides a forum for the exchange of scientific research and innovative techniques.
For more information about the Journal of Cosmetic Dermatology, please visit: https://onlinelibrary.wiley.com/page/journal/14732165/homepage/productinformation.html
About Sirona Biochem Corp.
Sirona Biochem is a cosmetic ingredient and drug discovery company with a proprietary platform technology. Sirona 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. Sirona’s laboratory, TFChem, is located in France and is the recipient of multiple French national scientific awards and European Union and French government grants. For more information, please visit www.sironabiochem.com.
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.
Sirona Biochem cautions you that statements included in this press release that are not a description of historical facts may be forward-looking statements. Forward-looking statements are only predictions based upon current expectations and involve known and unknown risks and uncertainties. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of release of the relevant information, unless explicitly stated otherwise. Actual results, performance or achievement could differ materially from those expressed in, or implied by, Sirona Biochem’s forward-looking statements due to the risks and uncertainties inherent in Sirona Biochem’s business including, without limitation, statements about: the progress and timing of its clinical trials; difficulties or delays in development, testing, obtaining regulatory approval, producing and marketing its products; unexpected adverse side effects or inadequate therapeutic efficacy of its products that could delay or prevent product development or commercialization; the scope and validity of patent protection for its products; competition from other pharmaceutical or biotechnology companies; and its ability to obtain additional financing to support its operations. Sirona Biochem does not assume any obligation to update any forward-looking statements except as required by law.
_____________________________________
1Fact.MR (July 2018) Retrieved from: https://globenewswire.com/news-release/2018/07/10/1535161/0/en/Key-Insights-on-Skin-Lightening-Products-Market-through-2022-by-Fact-MR.html
SOURCE Sirona Biochem Corp.
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/October2020/26/c1778.html
Contact:
regarding this press release, please contact: Investor Enquiries: Jonathan Williams, Managing Director, Momentum PR, Canada, Phone: 1.450.332.6939, Email: jwilliams@momentumpr.com; Marcus Kaemper, Germany, Phone: +49 160 920 340 25, Email: mk@sironabiochem.com; Corporate Enquiries: Dr. Howard Verrico, CEO, Chairman of the Board, Sirona Biochem Corp., Phone: 1.604.641.4466, Email: info@sironabiochem.com
- Published in News Home, Sirona Biochem
Granada Hits 3.66 g/t Gold Over 26.5 Meters Near Surface Including 13.49 g/t Over 4 Meters & 29.8 g/t Over 1.5 Meters
Granada Gold Mine Inc. (TSXV: GGM) (the “Company” or “Granada”) is pleased to provide an update on its on-going drill program at Granada. This release contains drill results from the 100-series near-surface drill program targeting Vein 1.
Highlights:
- 3.66 g/t gold over 26.5m in hole GR-20-110 from 35.2 to 61.7m
- 5.25 g/t gold over 3.0m in hole GR-20-109 from 60.0 to 63.0m
- 2.62 g/t gold over 6.42m in hole GR-20-101 from 34.5 to 40.5m
The Company has now drilled a total of 8482 meters of the drill program (as of October 5th, 2020) of the current 12,000-meter program with 2 drills turning on site. This release represents 659.8 m of the program.
ASSAY RESULTS
Hole ID | From (m) | To (m) | Length (m) | Gold (g/t) |
GR-20-101 | 18.00 | 22.50 | 4.50 | 1.10 |
And | 34.50 | 40.50 | 6.00 | 2.62 |
including | 36.50 | 37.00 | 0.50 | 6.42 |
GR-20-102 | 33.20 | 34.70 | 1.50 | 0.42 |
GR-20-103 | 19.30 | 24.00 | 4.70 | 0.80 |
And | 61.50 | 67.50 | 6.00 | 1.22 |
GR-20-104 | 12.00 | 19.80 | 7.8 | 0.52 |
GR-20-105 | 12.00 | 15.40 | 3.40 | 1.49 |
And | 78.70 | 83.20 | 4.50 | 1.19 |
GR-20-106 | 30.00 | 31.50 | 1.50 | 0.26 |
GR-20-107 | 4.50 | 12.00 | 7.50 | 0.53 |
GR-20-108 | 5.70 | 7.20 | 1.50 | 0.23 |
GR-20-109 | 7.00 | 39.00 | 32.0 | 1.01 |
including | 7.00 | 18.00 | 11.00 | 1.64 |
including | 21.00 | 27.00 | 6.00 | 1.76 |
including | 31.50 | 39.00 | 7.50 | 0.69 |
And | 60.00 | 63.00 | 3.00 | 5.25 |
GR-20-110 | 8.20 | 9.20 | 1.00 | 3.49 |
And | 35.20 | 61.70 | 26.50 | 3.66 |
including | 35.20 | 39.20 | 4.00 | 13.49 |
including | 36.70 | 38.20 | 1.50 | 29.80 |
including | 49.70 | 52.70 | 3.00 | 8.85 |
including | 51.20 | 52.70 | 1.50 | 18.45 |
Lengths are core length, no capping applied. Au is Gold by Fire assay, or by gravimetric finish or screen metallic method. Other assays results are still pending. The Company is being impacted by longer than expected turnaround time (TAT) of analytical results due to COVID-19 and extensive work load at ALS laboratory. |
The 100-series holes were drilled to intersect the vein uncovered by stripping and to follow the high-grade corridor. Holes GR-20-101 to GR-20-105 are vertical holes drilled to intersect the mineralized vein structure.
The stripping has confirmed the continuation of the mineralized structure in historical Pit #1 for up to 350m East-West. Pit #1, mined in 1994, extracted 87,311 tonnes grading 5.17 g/t Au (43-101 Technical Report dated February 13, 2019 on the Granada Gold Project Mineral Resource Estimate, Rouyn Noranda, Quebec authored by the Qualified persons, Allan Armitage, Ph. D.., P. Geo and Maxime Dupere, B.SC., Geo both of SGS Canada Inc. – Section 13.1).
Earlier this year, (Press Release August 11, 2020) the Company processed by conventional gravity concentration, a large 1220-kilgram grab sample taken over a 3-meter strike length in this stripped area, resulting in the recovery of 55.6 g/t native gold where the native gold component of has been defined for the Granada Gold Mine to represent an average of 50% of the recoverable gold (43-101 Technical Report dated February 13, 2019 on the Granada Gold Project Mineral Resource Estimate, Rouyn Noranda, Quebec authored by the Qualified persons, Allan Armitage, Ph. D.., P. Geo and Maxime Dupere, B.SC., Geo both of SGS Canada Inc. – Section 13.1). The gold-bearing sulphides were not recovered.
Holes GR-20-106 to GR-20-110 are drilled within the vein structure to the West of the GR-19-A which intersected 11.45 g/t Au over 33 meters (Granada Gold Mine, Press Release January 9, 2020).
Frank J. Basa, P.Eng., “The short-hole drill program, with its 3 objectives, has succeeded in defining further extension of the high-grade zones eastward near surface. As well, we intersected the mineralized structure to measure total thickness immediately north of the stripping of the vein extension to the west of bulk zone. Moreover, the other holes have shown the extension to the NNE of the high-grade zone in the mineralized structure. The more we drill, the more we find gold. The typical Abitibi Gold Belt structure scenario is that there is gold mineralization in several large structures and smaller structures, and within these larges structures there are zones of very high concentration of gold where visible gold is observed and measured in the core within these extensive planar structures. It appears that this enrichment shows on the eastern blocks of the many senestral NNE faults – like GR-20-110. We are looking forward to similar assay results in GR-20-117 where it has intersected the continuity of the very high-grade bulk zone at Granada evidenced by the presence of visible gold.”
As noted, assay results from other holes have not yet been received but will be disclosed after they are validated and interpreted. See drillhole location map further down in this press release for more details. The table represents the characteristics of the drill holes of this press release.
DRILL HOLE LOCATION DATA
Hole ID | UTME | UTMN | Elevation | Azimuth | Dip | Length (m) |
GR-20-101 | 647001.0 | 5338105.1 | 315.40 | 0.0 | -89.8 | 75 |
GR-20-102 | 646981.4 | 5338105.5 | 315.62 | 0.0 | -90.0 | 63 |
GR-20-103 | 646966.0 | 5338103.7 | 315.44 | 0.0 | -90.0 | 75 |
GR-20-104 | 646951.6 | 5338102.4 | 316.88 | 0.0 | -87.6 | 75 |
GR-20-105 | 646933.8 | 5338105.1 | 316.14 | 0.0 | -89.4 | 141 |
GR-20-106 | 646929.6 | 5338090.7 | 315.09 | 20.9 | -51.0 | 33 |
GR-20-107 | 646941.0 | 5338089.5 | 314.64 | 33.6 | -55.4 | 30 |
GR-20-108 | 646941.2 | 5338089.8 | 314.66 | 34.5 | -45.5 | 26 |
GR-20-109 | 646957.9 | 5338087.4 | 314.93 | 26.6 | -46.1 | 63 |
GR-20-110 | 646980.6 | 5338081.0 | 314.60 | 19.2 | -50.5 | 79 |
Qualified person
The technical information in this news release has been reviewed by Claude Duplessis, P.Eng., GoldMinds Geoservices Inc. member of Québec Order of Engineers and a qualified person in accordance with National Instrument 43-101 standards.
Quality Control and Reporting Protocols
All NQ core assays reported were obtained by either 1-kilogram screen fire assay or standard 50-gram fire-assaying-AA (Atomic Absorption) finish or gravimetric finish at (i) ALS Laboratories in Val d’Or, Québec, Thunder Bay, Ontario, Sudbury, Ontario or Vancouver, British Columbia. The screen assay method is selected by the geologist when samples contain visible gold. The drill program, Quality Assurance/Quality Control (“QA/QC”) and interpretation of results is performed by qualified persons employing a QA/QC program consistent with NI 43-101 and industry best practices. Standards and blanks are included with every 20 samples for QA/QC purposes for this program in addition to the lab QA/QC.
About Granada Gold Mine Inc.
Granada Gold Mine Inc. continues to develop the Granada Gold Property near Rouyn-Noranda, Quebec. Approximately 120,000 meters of drilling has been completed to date on the property, focused mainly on the extended LONG Bars zone which trends 2 kilometers east-west over a potential 5.5 kilometers of mineralized structure. The highly prolific Cadillac Break, the source of more than 75 million plus ounces of gold production in the past century, cuts through the north part of the Granada property. But is not necessarily indicative of mineralization hosted on the company’s property.
Pit-Constrained Mineral Resources at Granada disclosed on February 13th, 2019 Press Release prepared by SGS independent QP Maxime Dupéré Geo. & Allan Armitage P. Geo “Technical Report on the Granada Gold Project Mineral Resource Estimate, Rouyn-Noranda, Quebec, Canada “stand at:
Category | Tonnes | Grade (g/t AU) | Contained Gold (oz.) |
Measured | 12,637,000 | 1.02 | 413,000 |
Indicated | 9,630,000 | 1.13 | 349,000 |
Measured & Indicated | 22,267,000 | 1.06 | 762,000 |
Inferred | 6,930,000 | 2.04 | 455,000 |
Mineral resources which are not mineral reserves do not have demonstrated economic viability. An Inferred Mineral Resource has a lower level of confidence than that applying to a Measured and Indicated Mineral Resource and must not be converted to a Mineral Reserve. It is reasonably expected that the majority of Inferred Mineral Resources could be upgraded to Indicated Mineral Resources with continued exploration.
* Pit constrained mineral resources are reported at a cut-off grade of 0.4 g/t Au within a conceptual pit shell.
The Granada Shear Zone and the South Shear Zone contain, based on historical detailed mapping as well as from current and historical drilling, up to twenty-two mineralized structures trending east-west over five and half kilometers. Three of these structures were mined historically from two shafts and two open pits. Historical underground grades were 8 to 10 grams per tonne gold from two shafts down to 236 m and 498 m with open pit grades from 5 to 3.5 grams per tonne gold.
The Company is in possession of all mining permits required to commence the initial mining phase, known as the “Rolling Start”, which allows the company to mine up to 550 tonnes per day. Additional information is available at www.granadagoldmine.com.
“Frank J. Basa”
Frank J. Basa P. Eng.
President and Chief Executive Officer
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
SOURCE Granada Gold Mine Inc.
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/October2020/21/c1826.html
Contact:
Please contact: Frank J. Basa, P. Eng., President and CEO at 1-819-797-4144 or Wayne Cheveldayoff, Corporate Communications, at 416-710-2410 or waynecheveldayoff@gmail.com
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