Glen Eagle Strikes Joint Venture with Honduran Gold Mining Company
Glen Eagle Resources Inc. ( “ Glen Eagle ” ) (TSXV:GER) announces a Joint Venture with Indexta SA, the largest concession owner in Honduras with a portfolio exceeding 50 mining concessions including land ownership encompassing the vast majority of its concessions.
The JV will facilitate the access to the powerful communities “Patronatos”, who play a key role in accepting local projects. It will also open the door to new ore suppliers by creating important relationships with land owners, small miners unions, local government institutions, while carrying a wealth of data to guide future exploration and development programs, including a team of four geologists.
Jean Labrecque, CEO of Glen Eagle comments: “ The transaction was years in the making and was made possible by the trust we earned over the years with Indexta’s principal shareholder and key partners in southern Honduras. Combined with our successful ramp-up of operations at Cobra Oro gold processing plant, this transaction marks the most significant turning point for Glen Eagle since its presence in Honduras.”
About the Joint Venture
Glen Eagle ’s local operating company Cobra Oro has created a subsidiary called Inversiones Pacifico, which comprises the Joint Venture with Indexta. The Joint Venture company is owned 70% by Cobra Oro and 30% by Indexta based on a pro rata basis going forward regarding future exploration programs. The JV does not affect ownership of Cobra Oro, which remains 100% owned by Glen Eagle.
About Indexta
The most active exploration mining company in Honduras with several projects under exploration including some getting closer to small scale production. Its mining concessions encompasses the departments of Danli, Orlancho and Choluteca.
About Glen Eagle Resources
For more information, please contact:
Jean Labrecque
Glen Eagle Resources Inc
2075 Victoria Street, Suite 201
St-Lambert, Quebec
J4S-1H1
514-808-9807
- Published in Glen Eagle, News Home
Newlox Gold appoints Petryshen as corporate secretary
Newlox Gold Ventures Corp. has appointed Frances Petryshen as corporate secretary. Ms. Petryshen has been providing corporate secretarial services to reporting issuers for over 30 years, using her experience to provide effective and practical solutions to continuous disclosure and governance requirements. She has held roles as director, corporate secretary, compliance officer and chief financial officer, for a number of entities throughout her career.
Currently, Ms. Petryshen provides compliance and corporate secretarial and compliance consulting services to several companies, private, Canadian Securities Exchange, Toronto Stock Exchange and TSX Venture Exchange issuers. Most recently, she was corporate secretary for Balmoral Resources Ltd. until acquired by Wallbridge Mining Limited in May, 2020.
Ms. Petryshen is a chartered secretary, accredited director and a fellow with the Chartered Governance Institute of Canada (FCG), where she had served as a director of the British Columbia branch of the institute for over 10 years.
A message from Ryan Jackson, president and chief executive officer:
“We are delighted to welcome Frances to the Newlox Gold team. She brings a tremendous level of experience in the role of corporate secretary, elevating the company’s corporate governance capabilities. The addition of Frances to Newlox Gold’s corporate team, and the recently announced appointment of Wilmer Niquen as vice-president of operations, add depth to the company’s management capabilities and will support our growth plans in 2022 and beyond.”
- Published in Newlox Gold, News Home
Sirona Biochem Renews Agreement with CURE Intelligence for Marketing and Communications Support
Sirona Biochem Corp. (TSX-V: SBM) (FSE: ZSB) (US-OTC: SRBCF) (“Sirona”) is pleased to announce that it has renewed an agreement with Luxembourg-based analytics and marketing specialist CURE Intelligence for marketing intelligence services and communications support.
The agreement has been signed for an additional year of services.
“We have been utilizing the powerful tools provided by CURE Intelligence which keep us informed on relevant market developments and opportunities that relate to our growing pipeline of projects. We have benefited greatly from the intelligence provided to our team members both for scientific and business development opportunities,” said Dr. Howard Verrico, CEO of Sirona Biochem. “We look forward to continuing our relationship with the team at CURE. They have proven their ability to add significant value and improve our communications and market intelligence. We continue to fine-tune these services as we utilize their full potential well beyond communication support.”
“In 2021, Sirona Biochem achieved a very significant milestone with the launch of a commercial product containing a Sirona compound. A great deal of progress was made in business development and scientific research which provides an excellent basis for further positive developments in 2022. We are very much looking forward to continuing to provide Sirona Biochem with relevant market information and contacts, and to raise awareness of the company and its products among investors, partners and the trade press,” comments Marco Feiten, Managing Director at CURE Intelligence.
About CURE Intelligence
Founded in 2009, CURE specializes in the field of media monitoring and analysis, data intelligence, social media communications and marketing. CURE helps its clients make better decisions and improve internal and external communication by effectively combining analytics and marketing.
CURE is a public limited company with its headquarters in Grevenmacher, Luxembourg and a subsidiary in Cologne, Germany. CURE works with internationally renowned clients from Germany, Luxembourg, Brazil, Canada and the U.S. For more information, please visit www.cure-intelligence.com.
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.
For more information regarding this press release, please contact:
Investor Enquiries:
Jonathan Williams
Managing Director
Momentum PR
Canada
Phone: 1.450.332.6939
Email: jwilliams@momentumpr.com
- Published in News Home, Sirona Biochem
Glen Eagle Corporate Update
Glen Eagle Resources (TSX V :GER) (OTC:GERFF) ( “ Glen Eagle ” the “ Company”, or “ GER ”) is pleased to report that the private placement closed on December 29, 2021, was mostly purchased by three shareholders with international exposure to the mining industry. These shareholders own a combined 14 million shares and have taken an active role in assisting the Company in shipping, credit facilities, spare parts logistics and on time delivery. With their added participation, approximately 65 million shares or 50% of all outstanding shares are controlled by a small group of investors dedicated to support Glen Eagle’s goals.
On June 16, 2021, the Company issued a news release regarding Cycladex gold extraction technology developed by Nobel Prize winner Sir Frazer Stoddart and supported by the National Science Foundation SBIR. Since then, the Company has been in regular contact with Cycladex. It is currently expecting laboratory data and results on samples provided by Cobra Oro.
The Company plans to apply Cycladex green technology at first to process 50,000 tons of tailings grading 1.2 g/Au per ton already in situ at Cobra Oro plant site. The implementation cost is relatively inexpensive and would require adding a separate circuit and recommissioning of Cobra Oro second ball mill.
The Company will bring an additional update shortly on its mining concessions, ongoing drilling program and production. The latter doing very well in its ramped-up phase under the supervision of COO, Karl Trudeau.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.”
Jean Labrecque
Glen Eagle Resources Inc
2075 Victoria Street, Suite 201
St-Lambert, Quebec
J4S-1H1
514-808-9807
- Published in Glen Eagle, Mining, News Home
Granada investor Canada Silver acquires 11.45 M shares
Canada Silver Cobalt Works Inc. owns 11,454,000 shares of Granada Gold Mine Inc., equal to 8.34 per cent of the issued and outstanding share capital. The shares were acquired through private placements and on the open market.
The common shares were acquired by Canada Silver for investment purposes.
About Granada Gold Mine Inc.
Granada Gold Mine continues to develop and explore its 100-per-cent-owned Granada gold property near Rouyn-Noranda, Que., which is adjacent to the prolific Cadillac break.
The company owns 14.73 square kilometres of land in a combination of mining leases and claims. The company is currently undergoing a large drill program with 30,000 metres (m) out of 120,000 m complete. The drills are currently paused to provide the technical team with the necessary time to evaluate and assimilate existing data.
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 22 mineralized structures trending east-west over 5.5 kilometres. Three of these structures were mined historically from four shafts and three open pits. Historical underground grades were eight to 10 grams per tonne gold from two shafts down to 236 m and 498 m with open-pit grades from 3.5 to five grams per tonne gold.
Mineral resource estimate
On March 15, 2021, the company released an updated National Instrument 43-101 resource estimate for the Granada gold project with a combined total of 713,000 gold ounces of measured, indicated and inferred. This estimate contains 351,000 gold ounces of combined measured, indicated and inferred for the open pit and 362,000 gold ounces of combined measured, indicated and inferred for the underground.
The property includes the former Granada gold underground mine which produced more than 50,000 ounces of gold at 10 grams per tonne gold in the 1930s from two shafts before a fire destroyed the surface buildings. In the 1990s, Granada Resources extracted a bulk sample (pit No. 1) of 87,311 tonnes grading 5.17 grams per tonne gold. It also extracted a bulk sample (pit No. 2) of 22,095 tonnes grading 3.46 grams per tonne gold.
- Published in Canada Cobalt Works, Granada Gold Mine, Mining
Newlox Appoints UN Renowned Gold Recovery Specialist as VP of Operations
Newlox Gold Ventures Corp. (“Newlox” or the “Company”) (C NSX : LU X.CN) ( Frankfurt/Stuttgart: NGO ) (OTC : NWLXF ) is pleased to announce the appointment of Wilmer Ñiquen as VP of Operations for the Company. Mr. Ñiquen became operational lead engineer at the Company’s first environmentally and socially responsible gold recovery plant (Plant 1) at the end of 2021. Additionally, he oversees the construction of the Company’s second processing plant in Costa Rica, the Boston project, and will be instrumental in Newlox’s planned expansion into the Brazilian market.
Wilmer Ñiquen brings over 24 years of experience as a metallurgical engineer who has successfully built, optimized, and operated numerous precious metals production facilities in Peru, Ecuador, Colombia, and Brazil. His specialties include gravimetric ore concentration, flotation, chemical leaching, carbon elution, Merrill–Crowe recovery, smelting, refining, as well as wastewater and tailings management.
Mr. Ñiquen has been recognized by the United Nations Industrial Development Organization (UNIDO) as an International Expert in Mineral Beneficiation following work undertaken in Colombia and Peru in collaboration with the United Nations and US State Department. He is also, fortunately for Newlox, familiar with Brazilian mining, having served as the Technical Manager of the MULTIFLOTACAO Project, a 1,000 tonne per day facility in Mato Grosso State, Brazil.
At Newlox Gold, Mr. Ñiquen’s is ramping up operations at Project 1. Recently he reviewed the operational performance and identified necessary improvements required to maintain high precious metals recovery through completion of the ramp-up to full-scale. A comprehensive laboratory investigation triggered a combination of changes to the milling circuit and an enhanced reagent cocktail to increase throughput while maintaining excellent efficiency.
Mr. Ñiquen and his team are implementing the Plant 1 ramp-up and executing the necessary changes. To resolve the availability of supplies, the Company sourced the necessary materials in December of 2021. Newlox has ordered the supplies from multiple sources, with some of the required reagents already delivered and large reserve amounts being stockpiled on site. Others are currently en route to Newlox Gold’s operations.
Management is proud of the operations team and their consistent monthly progress in the face of typical ramp-up challenges, as well as the daunting current global logistics. Operations management are confident they will achieve the Company’s goal of processing, at base-case full-scale, 80 tonnes per day of artisanal tailings feedstock at Plant 1, with gold recovery expected to exceed 6,500 ounces per year.
Mr. Ñiquen is also supervising construction contractors at the Boston Project, which is expected to recover over 20,000 ounces of gold per year at full scale. The engineering, permitting, earthmoving, site preparation, and procurement stages of the construction timeline have been completed. Substantial amounts of the crushing circuit and material handling equipment have been prefabricated at the construction contractor’s facility for delivery to the site. A delay in the delivery of the primary ball mill, caused by the unexpected cancellation of the original order, has been overcome by procurement from an alternative source, with the new ball mill now en route.
Over the past six months, unusual supply chain conditions have made it difficult to provide precise and accurate operational timelines. The Company will avoid providing near-term guidance until some degree of stability returns. Management is proud of our team’s accomplishments and remains dedicated to achieving stated goals.
Newlox Gold is making steady progress in all its initiatives and remains adequately funded to complete Project 1 and the Boston expansion. Newlox Gold will continue to update the market as it achieves milestones towards its goal of becoming the first ESG-focused medium-sized gold producer.
A Message from Ryan Jackson, President & CEO:
“We are delighted to welcome Wilmer Ñiquen to the Newlox Gold team. Wilmer is an extraordinary engineer with an impressive history of building, commissioning, and operating successful precious metals plants in Latin America. He has proven himself time and time again in the field. We are particularly fortunate to have access to many of the region’s best engineers, many of whom have worked closely over many years with Newlox Gold’s Chief Technical Advisor, Dr. Marcello Veiga.
Wilmer has reviewed and confirmed the Company’s fully-funded development plans and takes the helm with strong support from Newlox’s existing operations and management team. He has a demonstrated unique ability to work practically and solve problems in real-time. I recently had the pleasure of working with Wilmer during a visit to the Company’s facilities and look forward to building our dream together over the coming years.”
Forward-Looking Information
The information in this news release includes certain information and statements about management’s view of future events, expectations, plans and prospects that constitute forward-looking information. Forward-looking information includes, but is not limited to, the completion of the work programs currently underway and the results of these programs. These statements are based upon assumptions that are subject to significant risks and uncertainties. Because of these risks and uncertainties and as a result of a variety of factors, the actual results, achievements, or performance may vary materially from those anticipated and indicated by these forward-looking statements. The material risk factors that could cause actual results to differ include the risk that work undertaken by the Company may have unintended effects, the risk of delays in completing work, and the risk that the Company may not be able to raise sufficient funds and Force Majeure. Although the Company believes that the expectations reflected in the forward-looking information are reasonable, it can give no assurances that the expectations of any forward-looking information will prove to be correct. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking information to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements or otherwise. Neither Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accept responsibility for the adequacy or accuracy of this release).
Technical Disclaimer
The Company advises it is not basing any decision to produce on a feasibility study of reserves demonstrating the economic and technical viability of the project and also advises there is increased uncertainty and specific economic and technical risks of failure associated with any production decision. Grab sample results included in any press release are not necessarily indicative of the mineralization in general for the deposit. Stewart A. Jackson, Ph.D., P.Geo., a “Qualified Person” within the meaning of National Instrument 43-101, has prepared, supervised the preparation of, and approved the contents of this News Release.
On Behalf of the Board, Newlox Gold Ventures Corp.
Contact Newlox Gold
Ryan Jackson
Newlox Gold Ventures Corp., President
Website: www.newloxgold.com
Email: info@newloxgold.com
Phone: + 1 604 256 0493
- Published in Newlox Gold, News Home
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