Canbud Distribution Corp. Commences Psychedelics Operations in Jamaica
Pursuant to our news release of December 7, 2020, Canbud Distribution Corp. (CSE: CBDX) (FSE: CD0) ( “Canbud”) is pleased to confirm commencement of psychedelics related activity in Jamaica.
The company is pleased to announce that the property is being prepared for Phase 1 in Westmoreland parish, Jamaica. Construction has started on the psilocybin facility which will allow for cultivation and extraction. The plan is to build modular facilities that enable cultivation of psychedelic mushrooms and extraction in the most cost-efficient manner.
Psilocybin is a naturally occurring psychedelic prodrug compound produced by more than 200 species of fungus. As a prodrug, psilocybin is quickly converted by the body to psilocin, which has mind-altering effects. Psilocybin is considered to have extremely low toxicity and a favourable safety profile. As a result, considerable research, development and testing is taking place to enable targeted usage for individuals suffering from anxiety, depression, and PTSD.
Steve Singh, CEO, comments on the importance of the work in Jamaica for local and international exports: “Jamaica provides a favourable regulatory and economic environment to support our endeavours. Psilocybin is showing considerable promise as a therapeutic intervention for neuropsychiatric disorders including depression, anxiety, and addiction. Compelling evidence of the therapeutic benefits of psychedelic drugs appears in multiple scientific studies. It is intended that our Jamaican cultivation and extraction facilities will assist and support valuable research and development in this regard.”
About Canbud Distribution Corp.
Canbud Distribution Corp. is a science and technology health and wellness company that encompasses plant based, psychedelic pharmaceutical and non-psychedelic nutraceutical, and hemp cannabinoids (CBD) verticals.
www.canbudcorp.com
https://www.instagram.com/empathyplantco/?hl=en
For further information, please contact:
ir@canbudcorp.com
or
Robert Tjandra, President and COO
Tel: 1 416 847 7312
- Published in Canbud Distribution
Lake Winn Drills 8 Holes, Phase 1 Drill Program at Cloud Project, Flin Flon Gold Belt, Manitoba
Lake Winn Resources Corp. (“Lake Winn” or the “Company”) ( TSXV:LWR ) ( OTC:EQTXF ) is pleased to announce it has drilled 8 holes, 1683 meter drill program on the Cloud project, in the Flin Flon Gold Belt, Manitoba. Samples for the holes have been sent to the laboratory and the company is waiting for assays.
After completing two holes prior to Christmas, the crew returned to the property early January where six more holes were completed.
The holes were initiated to test the Bachnick gold showing and to test the Resistivity and IP targets. Quartz veins with sulphides were encountered in most of the holes. Zones of silicification and zones containing disseminated sulphides were also encountered which most likely explain the resistivity and IP anomalies. Table one gives the drilling details of each hole.
Table 1. NQ sized drill hole location and orientation
Total 1663 meters
Qualified Person
The Qualified Person for this news release is Buddy Doyle, AUSIMM, a Geologist with over 30 years’ experience in mineral exploration, discovery, and evaluation. A Qualified Person under the provisions of National Instrument 43-101.
About Lake Winn
Lake Winn Resources Corp., is a Vancouver based gold company, listed on the TSX Venture Exchange (Symbol: LWR) focusing on exploration and development of gold projects in Canada. The company’s flagship property, the Cloud Project is in the province of Manitoba, in the Flin Flon Gold Belt approximately 40 kilometers north ‐ east of the town of Flin ‐ Flon. Access to the property is provided by Manitoba highway 10 to the all ‐ weather Kississing Lake Road. The company also has the Quartz property 76 kilometres east of Flin Flon where there are historic gold drill intercepts.
On Behalf of the Board of Directors of Lake Winn Resources Corp.
Patrick Power, President & CEO
+1 (604) 218-8772
- Published in Lake Winn Resources, Mining, News Home
Sun Summit Commences Drill Program at Buck; Identifies Visible Gold in Discovery Hole BK20-012
Sun Summit Minerals Inc. (TSXV: SMN) (OTC: SMREF) (“Sun Summit” or the “Company”) is pleased to announce that it has commenced a significant drill program at the Buck Property, central British Columbia. Sun Summit will complete over 5,000 metres of drilling focused on expanding zones of high-grade gold mineralization.
Highlights
- Sun Summit commences an aggressive follow-up drill program to target high-grade gold mineralization.
- Re-logging of the high-grade gold intercepts from discovery hole BK20-012 (17 metres of 5.86 grams per tonne (g/t) gold including 3 metres of 23.05 g/t gold, and 7.5 metres of 10.19 g/t gold; SMN news release dated January 5th, 2021) identified zones of fine visible gold associated with discrete epithermal-related quartz + sulfide veins.
- Select samples from hole BK20-012 are being analysed for metallic screen fire assay to better characterise the grade of the visible gold-bearing zones.
Figure 1. Photo of fine grained visible gold mineralization (BK20-012 @ 337.5 m; 1.5 metres of 49.60 g/t Au (see SMN news release dated January 5th, 2021).
To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/6142/73978_ee4681e2749f1a1f_001full.jpg
Bob Willis, Sun Summit’s CEO, states, “We are excited to commence this round of drilling at our Buck property. The identification of visible gold throughout our discovery hole is significant and confirms our assay data. Running these select samples, as well as samples from other mineralized zones, for metallic screen fire assay will further investigate the grade of these intercepts. This data will be compared to our fire assay data to better inform our sampling and analytical protocols going forward if visible gold is identified again.”
Drill Program
The current drill program (see SMN news released dated January 19th, 2021) has three primary objectives;
- target high-grade gold mineralization peripheral to discovery hole BK20-012,
- test chargeability anomalies interpreted to be associated with sulfide and potential gold mineralization, and
- investigate the strike-extent of sulfide-cemented, breccia-hosted, near or at surface, bulk-tonnage gold mineralization.
Drill crews are now onsite, and the drill is currently investigating the extent of high-grade gold mineralization identified in drill hole BK20-012.
Visible Gold
A detailed re-evaluation of key intercepts from BK20-012 revealed the presence of visible gold associated with quartz + pyrite + sphalerite veinlets (Figure 1). Select samples from the hole are being run at the ALS Global analytical facility in North Vancouver for metallic screen fire assay to better define the nature and grade of gold mineralization. The metallic screen method utilises a larger sample and a tailored preparation procedure to systematically capture native gold, if present. These methods yield a more robust analytical and statistical estimate of gold grade. Results from this metallic screen study will be compared to the traditional fire assay data to define a statistical based workflow for sampling and analyzing intervals with high-grade gold mineralization.
Buck Property
The recently expanded 33,000 hectare property, approximately 12 kilometres south of Houston, British Columbia, has excellent nearby infrastructure and allows for year-round road-accessible exploration.
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.
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 Photo
- Published in Mining, San Marco Resources
High-grade Beaver Mine Tailings Drill Program Returns 79.0 G/t Average Silver Grade
Canada Silver Cobalt Works Inc. (TSXV: CCW) (OTCQB: CCWOF) (Frankfurt: 4T9B) (the “Company” or “Canada Silver Cobalt”) is pleased to announce high-grade silver assay results from a recently completed sonic drill program at the Beaver Mine. In addition to the high-grade silver veins being documented at the Castle’s Robinson Zone, CCW hosts some of the richest tailings in the Cobalt Camp on both the Beaver and Castle properties, The Company is continuing to address all requirements to advance and develop these projects.
Highlights
- High-grade silver assays from 314.0 to 13.7 grams per tonne
- Completed 127 sonic drill holes for 354 meters drilled
- 378 samples assayed for silver, cobalt, nickel and copper
Results table
Ag (g/tonne) | Co (ppm) | Cu (ppm) | Ni (ppm) | |
Average | 79.0 | 165.8 | 341.9 | 114.1 |
Range | 300.3 | 615 | 676 | 191 |
Minimum | 13.7 | 24 | 78 | 34 |
Maximum | 314 | 639 | 754 | 225 |
Count | 378 | 378 | 378 | 378 |
Canada Silver Cobalt President, Matt Halliday, P.Geo., stated, “the Beaver Mine has some of the highest silver grade stamp mill tailings in the Cobalt Camp. Planning is in place to begin sonic drilling at the Castle Mine tailings this year. These historic mine properties can provide a readily available source of mineralized tailings for processing to recover the silver and cobalt.”
GoldMinds Geoservices has been retained to conduct all work related to the development of the 43-101 resource estimate at the Beaver Mine and has already been on site and begun the planning process. GoldMinds is led by geological engineer Claude Duplessis, P.Eng. and his 33 years global experience including resource estimation, orebody modelling, resource audits and geotechnical studies.
Silver Grade Distribution Map
Location
The Beaver property is patented ground and is located 5 kilometers southeast of the town of Cobalt where Temiskaming Testing Labs (TTL) is located. The Castle Silver Cobalt property is roughly two hours away driving time.
The Castle Property is located 15 km east of Caldas Gold’s Juby gold deposit, 30 km due south of Alamos Gold’s Young-Davidson mine, 75 km southwest of Kirkland Lake Gold’s Macassa Complex, and 100 km southeast of new gold discoveries in the Timmins West area.
Quality Assurance/Quality Control
The Beaver tailings were sampled using a Sonic drill. The drill holes are all vertical with a maximum hole length of 4.78 m and a maximum sample length of 1.6 m (average individual sample length 0.8 m). Drill sample recovery is around 85%. Two quality control samples (blank and standards) were inserted into each batch of 20 samples. The tailings samples were placed in a plastic bag, tagged and sealed then shipped to ALS laboratory Val D’Or. The entire sample was dried, weighed and fully pulverized up to 250 g 85% <75 µm. Samples were then split using riffle splitter and 35 elements were analysed using Aqua Regia ICP-AES. Samples grading above 100 g/t Ag, 10,000 ppm Cu, 10,000 ppm Mo, 10,000 ppm Pb or 10,000 ppm Zn were reanalysed using OG46 Method. A total of 10 blank and 10 standards (STD 1 and STD 2) were used during the sampling program.
Qualified Person
The technical information in this news release was prepared under the supervision of Mr. Matthew Halliday, P.Geo., (APGO) President of Canada Silver Cobalt Works Inc., a qualified person in accordance with National Instrument 43-101.
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. 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. Report reference: Rachidi, M. 2020, NI 43-101 Technical Report Mineral Resource Estimate for Castle East, Robinson Zone, Ontario, Canada, with an effective date of May 28, 2020 and a signature date of July 13, 2020.
Canada Silver 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, 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.
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/February2021/05/c1476.html
Contact:
Frank J. Basa, P.Eng., Chief Executive Officer, 416-625-2342
- Published in Canada Cobalt Works, Mining, News Home
Globe says Newlox seen as a microcap worth considering
In the News
The Globe and Mail reports in its Wednesday edition that small-company stocks are back in the spotlight again, helped by tailwinds in multiple sectors at the same time. The Globe’s Shirley Won writes that microcap stocks offer potential for big gains, but keep in mind that they come with higher risk. Selective Asset Management president Robert McWhirter recommends buying Newlox Gold Ventures (30 cents). Mr. McWhirter says Newlox recovers gold from tailings left by artisanal miners in Latin America. These miners’ method only captures about 40 per cent of gold in the ground, while 60 per cent is thrown into a pile that contains silver, too, notes Mr. McWhirter. Newlox’s initial venture is in Costa Rica, which has suffered environmental damage from mercury use in gold recovery by artisanal miners. In the second quarter, Newlox plans to ramp up gold production from tailings at its first plant and commission a second plant to crush ore to be brought there by miners. A risk is that these miners may not want to participate, but these projects have government support because of environmental concerns. Newlox plans to announce a third plant soon in another country. Mr. McWhirter paid 22 cents a share for Newlox stock.
- Published in Newlox Gold
Affinor appoints Brusatore to audit committee
Nick Brusatore has been appointed as a non-independent member of Affinor Growers Inc.’s audit committee. Mr. Brusatore will also continue in his roles as chief executive officer and as director of the company.
Mr. Brusatore said: “This is a great first step in building trust with our current shareholder base. We hope to increase our exposure in the market with the completion of the new Abbotsford greenhouse operation.”
About Affinor Growers Inc.
Affinor is a publicly traded company listed on the Canadian Securities Exchange under the symbol AFI and on the OTCQB under the symbol RSSFF. Affinor is focused on developing vertical farming technologies and using those technologies to grow fruits and vegetables in a sustainable manner.
- Published in Affinor Growers
Northern Lights Resources Receives DTC Eligibility and Blue Sky Clearance
Northern Lights Resources Corp. (“Northern Lights” or the “Company”) (CSE:NLR)(OTCQB:NLRCF) is pleased to announce that its common shares are now eligible for electronic clearing and settlement through the Depository Trust Company (“DTC”). The DTC is a subsidiary of the Depository Trust & Clearing Corp. that manages the electronic clearing and settlement of publicly traded companies in the United States.
Northern Lights’ share cusip has been approved for DTC Fast allowing holders and their brokers with the ability to process transactions efficiently via Deposit/Withdrawal At Custodian (“DWAC”) at the DTC.
“Northern Lights Resources OTCQB listing with DTC eligibility is a key step in the development of our shareholder base.” says Jason Bahnsen, CEO of Northern Lights Resources. “With our two key projects located in Arizona and Nevada we want to provide US investors with the opportunity to participate in the exciting exploration success and growth of Northern Lights.”
Along with DTC eligibility, Northern Lights has received Blue Sky Clearance in New York, Texas, Louisiana, Colorado, Connecticut, Maryland, Pennsylvania, Delaware, West Virginia, Kentucky, and Ohio. Additional pending states include Alaska, Arkansas, Georgia, Hawaii, Indiana, Iowa, Maine, Michigan, Minnesota, Mississippi, Missouri, Nebraska, New Jersey, New Mexico, North Dakota, Oklahoma, Oregon, Rhode Island, South Dakota, Tennessee, Utah, Washington, Wisconsin, and Wyoming.
For further information on Northern Lights Resources please contact:
Albert Timcke
Executive Chairman and President
rtimcke@northernlightsresources.com
+1 604 608 6163
Jason Bahnsen
Chief Executive Officer
Jason@northernlightsresources.com
+1 604 608 6163
Shawn Balaghi
Investor Relations
Shawn@northernlightsresources.com
+1 604 773 0242
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
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