Affinor Growers Prepares for Vertical Farming in Aruba
Affinor Growers Inc. (“Affinor” or the “Company”) (CSE: AFI OTCQB: RSSFF) is pleased to announce that it has signed a binding Letter of Intent to purchase 100% of the private equity in Vertical Designs Aruba (“VDA”). The Aruba corporation was established in 2018 to produce fruits, vegetables and, pending receipt of a medical cannabis production license from the Government of Aruba, the consideration is all shares at 52,000,000 common shares and contingent upon the achievement of certain performance milestones:
The terms of the purchase and performance milestones are as follows:
Milestone 1: Cannabis Production for Exportation Licence is issued from the Government of Aruba and up to 49% of the project is sold for a specified minimum price (Minimum Sale Price) subject to approval by the Affinor Board of Directors of AFI.CN.
Terms: Upon achievement of Milestone 1, The shareholders will receive 26,000,000 common shares in AFI.CN with the standard 4-month hold. An executive bonus of 10% of the amount above the Minimum Sale Price noted above plus CDN$500,000. A pre-determined amount of the Minimum Sale Price will be retained in VDA to build out the first facility in Aruba.
Milestone 2: Build out a minimum 200 (two) tower facility in Aruba. The first 5,000 – 6,000lbs (2,300 to 2,700 kilos) of cannabis produced in Aruba is successfully exported and completely sold out at a pre-determined or mutually agreed amount.
Terms: Upon completion of Milestone 2, the balance of 26,000,000 common shares in AFI.CN will be issued the former VDA shareholders with a standard 4-month hold.
Affinor’s plan in Aruba is to produce food and cannabis sustainably and cost-efficiently in one of the best growing climates worldwide. Over 100 acres on the proposed north island site is available and can accommodate 1,000 vertical towers per acre. Full development would create a new global medical cannabis industry leader and open international markets. The benefits to Aruba include local food production to reduce imports, high wage employment, education, technology transfer and taxation income.
Affinor’s patented farming technology and QA processes are sustainably delivered through alternative energy from Tesla, composting technology, and LED lighting. Affinor is utilizing The Tesla Powerwalls and Solar in its Abbotsford BC greenhouse. This is especially important as the company grows across Canada and works toward full ESG compliance globally. Affinor’s vertical farming technology levels the playing field for plant production globally.
Nick Brusatore CEO: “Affinor’s mission is to serve the world with sustainable agriculture technology with no compromises on quality. I am so excited about this project. Aruba is a warm, beautiful country filled with wonderful people. I am so proud to be part of the movement for global sustainability and national self-sufficiency serving nations like Aruba.”
Certain insiders of the Company are related parties to VDA and as such, the transaction is considered to be a “related party transaction” as defined under Multilateral Instrument 61-101 (“MI 61-101”). The transaction is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101, as neither the fair market value of any securities issued to insiders nor the consideration paid by such persons exceeded by 25% of the Company’s market capitalization.
About Affinor
Affinor is a publicly traded company listed on the CSE 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, vegetables, and cannabis in a sustainable manner.
To learn more about Affinor, visit: https://www.affinorgrowers.com
Renmark Financial Communications Inc.
Joshua Lavers: jlavers@renmarkfinancial.com
Tel: (416) 644-2020 or (212) 812-7680
www.renmarkfinancial.com
- Published in Affinor Growers, Mining, News Home
Granada Gold Hits Massive Rare Earth and Alkali Metals Zone 1.6 Kilometers from Discovery Hole GR-20-20
Granada Gold Mine Inc. (TSXV: GGM) (the “Company” or “Granada”) is pleased to announce that Hole GR-20-22 drilled to a depth of 1626 meters on the Big Claim of the Granada Gold Mine property, in Quebec, Canada.
Results are preliminary and full core lengths have not yet been assayed in two holes drilled at the north of the Big Claim. The company encountered unusual facies of altered rock which has been sampled in portions of the drill core. The mineralized portions of the core have been assayed for 56 metals. Additional assays are pending. Initially, portions of drill holes GR-20-20 and GR-20-22 were sampled. The company has received preliminary assay results for GR-20-22. Based on recent assays for intervals sampled, the intervening intervals are being prepared and will be sent for assay to create a complete picture.
Highlights of drill hole GR-20-22 as of today:
- Intercepted 21 distinct mineralized zones.
- Zones range in core length from 177 meters to 2.8 meters.
- Rare Earths and Alkali metals of note identified to date are Caesium (Cs), Rubidium (Rb), Scandium (Sc), Zirconium (Zr), Cerium (Ce), Gallium (Ga), Hafnium (Hf), Neodymium (Nd) and Strontium (Sr). Others pending.
Highlights of Select Drill Core Intercepts:
Length | From | To | Cs | Rb | Sc | Zr | Ce | Ga | Hf | Nd | Sr |
metres | metres | metres | ppm | ppm | ppm | ppm | ppm | ppm | ppm | ppm | ppm |
53.0 ( I ) | 1053.0 | 1106.5 | 6.55 | 340.2 | 0.96 | 724.3 | 123.0 | 32.5 | 18.3 | 34.4 | 150.9 |
35.0 ( II ) | 1291.0 | 1326.0 | 6.56 | 144.7 | 9.03 | 301.5 | 121.4 | 19.73 | 7.76 | 53.6 | 1285.4 |
30.0 ( III ) | 1596.0 | 1626.0 | 4.83 | 83.4 | 14.8 | 161.7 | 67.8 | 20.4 | 4.35 | 31.3 | 489.3 |
True widths are unknown at the moment.
Complete analysis of current 21 drill intercepts can be found on the GGM website (REE Interval Table).
Uses and Market Price Ranges of Rare Earths and Alkali Metals
Caesium is used to make special optical glass, as a catalyst promoter, in vacuum tubes and in radiation monitoring equipment. One of its most important uses is in the ‘caesium clock’ , or atomic clock. (Royal Society of Chemistry) with a price of 68,100 US dollars per kilogram (Mineral Commodity Summaries 2019).
Rubidium‘s photoemissive properties make it useful for electrical-signal generators in motion-sensor devices, night vision devices, photoelectric cells (solar panels), and photomultiplier tubes. Rubidium is used as an atomic resonance-frequency-reference oscillator for telecommunications network synchronization, playing a vital role in global positioning systems with prices of 15,500 US dollars per kilogram (USGS Mineral Commodity Summaries 2019).
Scandium is one of the most expensive of all the natural elements. Prices for 99.99% pure scandium (RE: 99% min. | Sc/TREM: 99.99% min.) have fluctuated between US$ 7000 and US$ 20,000 per kilogram over the past decade. Of course, because of the limited amount of material produced globally and the limited market for scandium, there is also a wide range of prices offered for the metal at any given time (strategic-metal.com and phone conversation May 10, 2021). Applications for scandium were not developed until the 1970s, when the positive effects of scandium on aluminium alloys were discovered, and its use in such alloys remains its only major application.
The leading consumers of zirconium metal are the chemical process and nuclear energy industries. (USGS zirconium-hafnium.pdf ) with a price of 37.1 US dollars per kilogram. (Shanghai Metals Market).
Cerium metal is used in ferrocerium lighters for its pyrophoric properties. Cerium-doped YAG phosphor is used in conjunction with blue light-emitting diodes to produce white light in most commercial white LED light sources. Recent prices are 4.71 US dollars per kilogram (Shanghai Metals Market, cerium).
Gallium as an arsenide is used in the manufacture of devices such as microwave frequency integrated circuits, monolithic microwave integrated circuits, infrared light-emitting diodes, laser diodes, solar cells and optical windows with a price of 534.4 US dollars per kilogram (kitco.com strategic-metals).
The leading use of hafnium metal is in superalloys with a price of 1347.4 US dollars per kilogram (kitco.com strategic-metals).
Neodymium is as a component in the alloys used to make high-strength neodymium magnets—powerful permanent magnets. These magnets are widely used in such products as microphones, professional loudspeakers, in-ear headphones, high performance hobby DC electric motors, and computer hard disks, where low magnet mass (or volume) or strong magnetic fields are required. Larger neodymium magnets are used in high-power-versus-weight electric motors (for example in hybrid cars) and generators (for example aircraft and wind turbine electric generators). Price is 118.5 US dollars per kilogram (kitco.com strategic-metals).
Strontium is used in producing ferrite magnets and refining zinc. Modern ‘glow-in-the-dark’ paints and plastics contain strontium aluminate (Royal Society of Chemistry – Strontium). Recent prices are 6.68 US dollars per kilogram (https://en.institut-seltene-erden.de/current-prices-of-strategic-metals/ ).
Equivalent Range Values of Intercepts
Equivalent Range Intercepts (I), (II), and (III) were calculated without Caesium and Rubidium as no active market for the metals could be identified at present. Inclusion into the Equivalent Range Value of intercepts would present values of 404.8 and 5,273.1 US dollars per tonne for Caesium and Rubidium respectively for Intercept (I). For comparison purposes, in gold equivalents 6.83 and 89.0 g/t over 53 meters respectively.
Equivalent Range Value for Intercept (I) is 80.8 to 93.8 US dollars per tonne.
In gold equivalents 1.36 g/t to 1.58 g/t over 53 meters. Gold 59.24 US dollars per gram (https://www.jmbullion.com/charts/gold-price/).
Equivalent Range Value for Intercept (II) is 110.9 to 228.3 US dollars per tonne.
In gold equivalents 1.87 g/t to 3.85 g/t over 35 meters.
Equivalent Range Value for intercept (III) is 133.6 to 326.0 US dollars per tonne.
In gold equivalents 2.25 g/t to 5.50 g/t over 30 meters.
Ten other rare earths and/or alkali metals are pending for inclusion into Equivalent Range Values.
Currently gold is mined from underground at values down to 2 g/t gold in Ontario, Canada (https://miningdataonline.com/property/1484/Young-Davidson-Mine.aspx#Geology).
Granada Gold Mine target underground gold grade is 4 g/t over a mining width of 1.5 to 2 meters.
Processing and Refining Rare Earths and Alkali Metals
Conventional mining, milling, separations and finishing possible at a single site with a zero discharge. Mountain Pass Mine in California, USA, which is in operation now is producing rare earth metals.
“Granada’s rare earth and alkali metal discovery was encountered during our deep drilling program for gold on the defined gold zone that is dipping at 50 degrees to the north towards the renowned Cadillac Break. Our target depth for the gold mineralization extension in the north of the Big Claim is about 2,500 meters,” said Frank J. Basa, P.Eng., “The 1.6 kilometer step out along the Cadillac Break could potentially be a massive rare earth and alkali metals mineralized zone yet to be discovered which would greatly impact the value of the property. The company has 5.5 kilometers of east-west strike length to further explore along the Cadillac Break. Drill results to date are exceptionally encouraging.”
The company is taking action on characterizing the minerals of these elements. It has sent samples to SGS Minerals in Ontario for advanced mineral analysis under the direction of Tassos Grammatikopoulos, Mineralogist at SGS Lakefield Research
Results to date are from SGS independent laboratories where NQ core samples of hole GR-20-22 were analysed. The company will proceed with sampling of the entire hole to enable disclosure of mineralized lengths associated with grades as well as investigation on the mineralogy as the grades of interest are not confined to one geological unit.
Co-ordinates of the hole have been determined by handheld GPS and will be surveyed in spring.
GR-20-22: 647 624E, 5 339 218N, 291Z, Azimuth 360N, Dip -65 and length 1,626m
QA/QC
The insertion of blanks and standards by the technical team in the program were in line with expected values. The laboratory QA/QC results for these anomalous elements at the laboratory are in line with their expected values thereby allowing the public disclosure of the values.
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 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.
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 a half kilometers. Three of these structures were mined historically from four shafts and three 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 3.5 to 5 grams per tonne gold.
Updated Mineral Resource
The updated resource at the Company’s Granada Gold project in Rouyn-Noranda, Quebec was estimated by SGS Canada and outlined in a January 29, 2021 news release. The final report was filed March 15, 2021 with an Effective date of December 15, 2020. The 43-101 Technical Report is titled: Granada Gold Project Mineral Resource Estimate Update, Rouyn-Noranda, Quebec, Canada authored by Yann Camus, P.Eng. and Maxime Dupéré, B.Sc, géo. Both of SGS Canada Inc.
Updated Mineral Resource Estimate Base Case with Details Between the Open Pit Portion and the Underground Portion
Type | Category | Tonnes | Au (g/t) | Gold Ounces |
In Pit | Measured1 | 3,756,000 | 1.89 | 228,000 |
Indicated | 1,357,000 | 2.55 | 111,000 | |
Measured+Indicated | 5,113,000 | 2.06 | 339,000 | |
Inferred | 34,000 | 11.29 | 12,000 | |
Underground | Measured | 37,000 | 4.22 | 5,000 |
Indicated | 807,000 | 4.02 | 104,000 | |
Measured+Indicated | 844,000 | 4.03 | 109,000 | |
Inferred | 1,244,000 | 6.33 | 253,000 |
1. | Cut-off grades are based on a gold price of US$1,600 per ounce, a foreign exchange rate of US$0.76 for CA$1, a gold recovery of 93% |
2. | Pit constrained mineral resources are reported at a cut-off grade of 0.9 g/t Au within a conceptual pit shell |
3. | Underground mineral resources are reported at a cut-off grade of 3.0 g/t Au within reasonably mineable volumes |
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: http://www.newswire.ca/en/releases/archive/May2021/12/c7376.html
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
- Published in Granada Gold Mine, Mining, News Home
Sun Summit Minerals Inc. (TSXV: SMN) (OTC Pink: SMREF) (“Sun Summit” or the “Company”) is pleased to report initial drill results from its fully funded, 2021 exploration program on its Buck Property, central B.C. Assays from five of the 18 completed holes are reported.
Highlights
- Significant high-grade gold mineralization was intersected in the Trench zone:
- 31.6 grams per tonne (g/t) gold over 4.0 metres, including 246 g/t gold over 0.5 metres (BK21-020).
- 7.36 g/t gold over 3.0 metres including 21.70 g/t gold over 1.0 metre (BK21-019).
- These initial results from BK20-012 step-out holes confirm the high-grade potential of this newly discovered area.
- Broad zones of bulk-tonnage style gold mineralization was intersected in the Horseshoe zone:
- 0.78 g/t gold over 186 metres including 1.07 g/t gold over 109 metres and including 7.17 g/t gold over 5.2 metres (BK21-017). This interval represents the longest continuous zone of significant gold and silver mineralization ever drilled on the property.
- 0.81 g/t gold over 70.0 metres including 1.04 g/t gold over 43.0 metres (BK21-018).
Note: Intervals are downhole core lengths. True widths are unknown.
Bob Willis, Sun Summit’s CEO, stated: “The 2021 program has started off with exceptional results. Our first hole in the Horseshoe zone cut a long and continuous interval of significant gold mineralization which contained a high-grade zone which clearly indicates the potential of high-grade sweeteners within bulk tonnage-style grades.
Assays from drill hole BK21-020, a 100-metre step-out from discovery hole BK20-012, in the Trench zone confirms the considerable potential of this area. The vein-hosted mineralization in this new hole yielded the highest gold grade ever drilled at Buck.
Our systematic approach to investigating the potential of the Buck property is paying off and we look forward to keeping our shareholders informed on our progress as assays are returned from the lab. The current drill phase expanded the footprint of the Trench-Horseshoe mineralized system. The limits of the system have not been reached and it remains open in all directions.”
Trench zone
The three Trench zone holes (BK21-019, 020, and 022; Table 1) were designed to investigate the extent of multiple zones of high-grade gold mineralization discovered in BK20-012 (see news release dated January 5, 2021).
Table 1. Assay results – Trench zone
From (m) | To (m) | Interval (m) | Gold (g/t) | Silver (g/t) | AuEQ (g/t) | |
Trench Zone | ||||||
BK21-019 | 59.0 | 73.0 | 14.0 | 0.38 | 5.93 | 0.48 |
and | 80.0 | 84.0 | 4.0 | 0.27 | 2.86 | 0.31 |
and | 131.0 | 154.1 | 23.1 | 1.51 | 3.58 | 1.57 |
inc | 131.0 | 134.0 | 3.0 | 7.36 | 8.70 | 7.49 |
inc | 133.0 | 134.0 | 1.0 | 21.70 | 22.20 | 22.04 |
inc | 145.2 | 146.0 | 0.8 | 8.38 | 5.39 | 8.46 |
and | 158.0 | 175.0 | 17.0 | 0.40 | 2.28 | 0.44 |
and | 195.0 | 203.2 | 8.2 | 0.98 | 2.22 | 1.01 |
and | 239.0 | 243.0 | 4.0 | 0.36 | 4.44 | 0.43 |
BK21-020 | 57.0 | 63.0 | 6.0 | 0.15 | 11.72 | 0.33 |
and | 74.0 | 79.0 | 5.0 | 0.68 | 8.35 | 0.81 |
and | 115.0 | 119.0 | 4.0 | 0.37 | 7.69 | 0.49 |
and | 154.0 | 161.0 | 7.0 | 0.50 | 5.58 | 0.58 |
and | 174.0 | 184.0 | 10.0 | 0.37 | 1.08 | 0.39 |
and | 203.0 | 211.0 | 8.0 | 0.48 | 1.61 | 0.50 |
and | 214.9 | 228.0 | 13.1 | 0.21 | 0.97 | 0.23 |
and | 233.0 | 243.2 | 10.2 | 0.36 | 1.04 | 0.38 |
and | 326.0 | 330.0 | 4.0 | 31.61 | 9.35 | 31.75 |
inc | 326.0 | 327.0 | 1.0 | 125.62 | 34.24 | 126.14 |
inc | 326.5 | 327.0 | 0.5 | 246.00 | 66.70 | 247.03 |
BK21-021 | Assays Pending | |||||
BK21-022 | 41.0 | 49.0 | 8.0 | 0.34 | 4.84 | 0.42 |
and | 84.0 | 91.7 | 7.7 | 0.55 | 7.02 | 0.66 |
and | 110.3 | 136.0 | 25.8 | 0.44 | 3.93 | 0.50 |
and | 147.0 | 182.9 | 35.9 | 0.28 | 2.35 | 0.32 |
and | 189.0 | 193.2 | 4.2 | 0.59 | 4.92 | 0.67 |
and | 247.0 | 255.7 | 8.7 | 1.04 | 6.18 | 1.14 |
and | 284.5 | 301.0 | 16.5 | 0.23 | 3.30 | 0.28 |
- AuEQ (gold equivalent) based on a 65:1 silver to gold (Ag:Au) ratio.
- Calculations are uncut and length-weighted using a 0.15 g/t gold cutoff with less than five continuous metres of internal dilution.
- Intervals are downhole core lengths. True widths are unknown.
BK21-020 was drilled to the south and cut across the west-dipping BK20-012 and intersected (intervals are not true widths) 31.75 g/t AuEQ (gold equivalent; 31.6 g/t gold, 9.4 g/t silver) over 4.0 metres including 247 g/t AuEQ (246 g/t gold, 66.7 g/t silver) over 0.5 metres approximately 100 metres to the southeast of the 49.6 g/t gold over 1.5 metre interval in BK20-012 (Figures 1 and 3; see news release dated January 5, 2021). Here, local quartz + carbonate + sulfide vein-hosted gold mineralization is associated with a broad zone of quartz + sericite alteration peripheral to quartz + feldspar porphyritic dykes. Similarly, BK21-019 cut numerous zones of gold mineralization highlighted by 1.57 g/t AuEQ (1.51 g/t gold, 3.58 g/t silver) over 23.1 metres including 22.04 g/t AuEQ (21.70 g/t gold, 22.20 g/t silver) over 1.0 metre at 133 metres downhole. The higher-grade interval in BK21-019 was cut approximately 25 metres north of the 23.05 g/t gold over 3.0 metre interval in BK20-012 (see news release dated January 5, 2021). Results from all three holes demonstrate the high-grade potential of this new target area. Tighter-spaced drilling with oriented core is warranted to better define structural orientations of high-grade veins. Assays are pending from nine additional holes in the Trench zone.
Horseshoe zone
The two Horseshoe zone holes (BK21-017 and 018; Table 2) were designed to test the strike-extent of bulk-tonnage, sulfide-cemented breccia-hosted gold mineralization.
Table 2. Assay results – Horseshoe zone
From (m) | To (m) | Interval (m) | Gold (g/t) | Silver (g/t) | AuEQ (g/t) | |
Horseshoe Zone | ||||||
BK21-017 | 11.0 | 55.3 | 44.3 | 0.47 | 6.95 | 0.57 |
and | 66.0 | 252.0 | 186.0 | 0.78 | 4.91 | 0.85 |
inc | 129.0 | 238.0 | 109.0 | 1.07 | 5.48 | 1.15 |
inc | 129.0 | 174.0 | 45.0 | 1.64 | 7.69 | 1.76 |
inc | 134.0 | 139.2 | 5.2 | 7.17 | 18.23 | 7.45 |
Inc | 137.5 | 138.1 | 0.6 | 17.3 | 27.50 | 17.7 |
and | 275.0 | 293.0 | 18.0 | 0.20 | 1.52 | 0.22 |
and | 361.0 | 369.0 | 8.0 | 0.20 | 3.62 | 0.25 |
BK21-018 | 147.0 | 160.2 | 13.2 | 1.13 | 2.35 | 1.17 |
inc | 151.0 | 153.0 | 2.0 | 5.27 | 3.38 | 5.32 |
and | 166.0 | 236.0 | 70.0 | 0.81 | 2.52 | 0.85 |
inc | 181.0 | 224.0 | 43.0 | 1.04 | 2.11 | 1.07 |
inc | 186.0 | 190.0 | 4.0 | 3.93 | 1.48 | 3.95 |
- AuEQ (gold equivalent) based on a 65:1 silver to gold (Ag:Au) ratio.
- Calculations are uncut and length-weighted using a 0.15 g/t gold cutoff with less than five continuous metres of internal dilution.
- Intervals are downhole core lengths. True widths are unknown.
BK21-017 was collared on the same pad as BK20-012 but drilled in an opposite direction to the east (Figure 1). The hole returned 1.15 g/t AuEQ (1.07 g/t gold, 5.48 g/t silver) over 109 metres associated with a dacite matrix-rich and local sulfide + quartz + carbonate-cemented hydrothermal breccia. BK21-018 was collared 65 metres south of BK21-017 and drilled to the north under BK21-017. The hole returned 0.85 g/t AuEQ (0.81 g/t gold, 2.52 g/t silver) over 70.0 metres including 1.07 g/t AuEQ (1.04 g/t gold, 2.11 g/t silver) over 43 metres associated with sphalerite-rich sulfide-cemented breccias. Together, both holes build on results from 2020 (e.g., BK20-006, 007, 009 and top of 012) and further expand the zone of near-surface, bulk-tonnage style gold mineralization to the east (Figures 1 and 2). All phases of breccias contain gold and silver mineralization associated with clotted, disseminated and breccia-hosted sphalerite (zinc sulfide) and pyrite. Assays are pending from two additional holes in the Horseshoe zone.
Figure 1. Map showing drill hole locations
To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/6142/83531_e2002a7ae4c03adf_001full.jpg
Figure 2. A-A’ Cross section from the Trench to Horseshoe zones showing selected highlights
To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/6142/83531_e2002a7ae4c03adf_002full.jpg
Figure 3. B-B’ Cross section in the Trench Zone showing selected highlights
To view an enhanced version of Figure 3, please visit:
https://orders.newsfilecorp.com/files/6142/83531_e2002a7ae4c03adf_003full.jpg
Table 3. Drill collar locations
Hole ID | UTM E* | UTM N* | Elevation (m) | EOH (m) | Azimuth | Dip |
BK21-017 | 654564 | 6019732 | 909 | 384 | 105 | -55 |
BK21-018 | 654552 | 6019670 | 919 | 330 | 40 | -75 |
BK21-019 | 654406 | 6019805 | 884 | 288 | 170 | -70 |
BK21-020 | 654406 | 6019805 | 884 | 354 | 175 | -60 |
BK21-022 | 654396 | 6019798 | 898 | 303 | 240 | -50 |
Notes: * NAD 83 Zone 9N
Quality Assurance and Quality Control
All sample assay results have been monitored through the Company’s quality assurance / quality control (QA/QC) program. Drill core was sawn in half at Sun Summit’s core logging and processing facility in Houston, B.C. Half the core was sampled and shipped in sealed and secure bags to the ALS Global preparation facilities in Yellowknife, N.T. Samples were prepared using standard preparation procedures. Following sample preparation, the pulps were sent to the ALS Global analytical laboratory in North Vancouver, B.C., for analysis.
Core samples were analyzed for 48 elements by ICP-MS on a 0.25 gram sample using a four acid digestion (method ME-MS61L). Gold was analyzed by fire assay on a 30 gram sample with an AAS finish (method Au-AA23). Over limit gold (>10 ppm) was re-analyzed by fire assay using a gravimetric finish on a 30 gram sample. Over limit silver (>100 ppm) was re-analyzed using a four acid digestion and ICP-AES finish. Over limit zinc (> 10,000 ppm) was re-analysed using a four acid digestion and ICP-AES finish. ALS Global is registered to ISO / IEC 17025:2017 accreditations for laboratory procedures.
In addition to ALS Global laboratory QA/QC protocols, Sun Summit implements an internal QA/QC program that includes the insertion of duplicates, standards and blanks into the sample stream.
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.
Community Engagement
Sun Summit is working to engage with First Nations whose territory includes the Buck Property, to discuss their interests and identify contract and work opportunities, as well as opportunities to support community initiatives. We look forward to continuing to work with local and regional First Nations as the project continues.
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.
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 is an exploration company focused on expanding its epithermal gold discovery at their flagship Buck Project located in north-central British Columbia.
The Company is exploring multiple high priority gold and silver targets through methodical, well funded exploration campaigns with year round drilling access. The property has high-grade and bulk-tonnage gold and silver potential and is located in a mining-established region that includes many former operating mines and current exploration projects.
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
Figures
Figure 1:
https://sunsummitminerals.com/wp-content/uploads/2021/05/Buck_Fig1_Drilling_May11_NR-Au-scaled.jpg
Figure 2:
https://sunsummitminerals.com/wp-content/uploads/2021/05/Buck_Fig2_EW_Section_May11_NR-Au-scaled.jpg
Figure 3:
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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
Lake Winn delays 2020 financials, gets MCTO
Mr. Patrick Power reports
LAKE WINN ANNOUNCES DELAY IN ANNUAL FINANCIAL STATEMENTS
Lake Winn Resources Corp.’s annual financial statements for the year ended Dec. 31, 2020, including the related management discussion and analysis, and chief executive officer and chief financial officer certifications, were not filed by the required filing deadline of April 30, 2021.
The annual financial filings were not filed on or before the filing deadline due to unforeseen delays in the completion of the company’s audit of the annual financial statements for the year ended Dec. 31, 2020. The unforeseen delay was due to the fact that the period for which the audited annual financial statements pertain encompassed a complete reorganization of the company’s business and operations. During the period, the company completely restructured operations by effecting a share consolidation and acquiring two new resource projects. The company also successfully completed two refinancing transactions by private placement to finance the company’s new operations. Prior to the reorganization occurring during this period, the company was a shell company, having essentially no business or operations. Due to these foregoing events, the company has suffered serious delays in the preparation of the audited annual financial statements.
The company is working on the steps required to complete the annual financial filings and expects to be able to file the annual financial filings on or before May 17, 2021. The company will provide updates as further information relating to the annual financial filings becomes available.
The company has applied to the applicable securities regulatory authorities, and received a management cease trade order (MCTO) imposed against the chief executive officer and chief financial officer of the company, precluding them from trading securities of the company. The MCTO will be in effect until the annual financial filings are filed, and requires that the annual financial filings be filed on or before July 2, 2021.
Until the annual financial filings are filed, the company intends to provide information in accordance with National Policy 12-203 — Management Cease Trade Orders.
We seek Safe Harbor.
- Published in Lake Winn Resources
Canbud’s Subsidiary, Empathy Plant Co. Begins Build-Out of Sales Team
Canbud Distribution Corporation (CSE: CBDX) (FSE: CD0) (“Canbud” or the “Corporation”) announces its subsidiary, Empathy Plant Co. has begun to build out an experienced sales team to lead the expansion of its plant-based product lines.
With the Complete Plant Protein production order being executed, Empathy Plant Co. now focuses on onboarding highly experienced salespeople that can lead the Corporation into new markets and drive awareness for its innovative brand. Headed by 30-year nutraceutical industry veteran, Ryan Herniman, the remote working structure lends well to the current COVID-19 operating environment. Mr.Herniman’s brick and mortar contacts and operational experience will be invaluable as Empathy Plant Co. pushes to scale various product lines across North America’s health and wellness space.
This next phase of the team buildout not only supports the omnichannel sales strategy, but also allows for an infrastructure which will streamline the onboarding of M&A targets while supporting inhouse brand launches.
Steve Singh, CEO comments: “As we continue to push to commercialization, assembling industry veterans is going to greatly accelerate the Canbud vision in the health and wellness space. Empathy Plant Co. is already gaining market awareness and quality human equity will help drive shareholder equity.”
Follow all Empathy Plant Co. developments by entering your email at empathyplantco.com or following on Instagram.com/empathyplantco.
About Canbud Distribution Corporation
Canbud Distribution Corporation 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/canbudcorp/?hl=en
https://twitter.com/canbudcorp
https://www.linkedin.com/company/canbud-distribution-corp/?viewAsMember=true
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
Notice Regarding Forward-Looking Information
This news release is not an offer to sell, or a solicitation of an offer to buy or sell, any securities of the Corporation and may not be relied upon in connection with the purchase or sale of any such security.
This news release contains “forward-looking information” within the meaning of Canadian securities legislation. The forward-looking information contained in this news release represents the expectations of the Corporation as of the date of this news release and, accordingly, is subject to change after such date. Forward-looking information includes information including statements with respect to the future exploration performance of the Corporation. Forward-looking information is based on, among other things, opinions, assumptions, estimates and analyses that, while considered reasonable by the Corporation at the date the forward-looking information is provided, are inherently subject to significant risks, uncertainties, contingencies, and other factors that may cause actual results and events to be materially different from those expressed or implied by the forward-looking information. The risks, uncertainties, contingencies and other factors that may cause actual results to differ materially from those expressed or implied by the forward-looking information may include, but are not limited to (i) adverse market conditions; (ii) risks inherent in the CBD, psychedelics and vegan protein industries in general or (iii) risks generally associated with the Corporation’s business, as described in the Corporation’s public filings on SEDAR, which readers are encouraged to review in detail prior to any transaction involving the securities of the Corporation. Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. Except as required by law, the Corporation does not intend to update these forward-looking statements. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date.
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/82659
- Published in Canbud Distribution, News Home
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