Albert Mining Inc. to use Artificial Intelligence (AI) over the Flin Flon Mining Camp, Manitoba-Saskatchewan
Momentum Public Relations
Press Release: April 24, 2018
Albert Mining Inc. (“Albert Mining” or “Corporation”) (TSX-V: AIIM), a mining exploration company and a leader in the use of Artificial Intelligence (AI) and advanced knowledge-extraction techniques in the mining sector, is pleased to announce the initiation of the Flin Flon-Snow Lake project covering a swath of west-central Manitoba and eastern Saskatchewan. The work will be done internally using CARDS (Computer Aided Resources Detection System), an Artificial Intelligence tool (Machine Learning). The area being investigated covers 13,708 km2 and is prospective for a number of mineral deposit types, particularly bimodal-felsic VMS (Cu-Zn-Ag-Au-rich) deposits. It lies within the Flin Flon belt, one of the largest Proterozoic volcanic-hosted massive sulphide district in the world, containing 27 Cu-Zn-(Au) deposits from which more than 162 million tons of sulphide have already been mined or are in development
The work will consist of compilation, merging, and processing of all the available public geophysical, geological, geochemical, and topographical data from the Geological Survey of Canada, the iMaQs (Ministry of Innovation, Energy and Mines of Manitoba) and SMAD (Saskatchewan Mineral Assessment Database) databases. A total of 19,379 projected assays (Au, Ag, Cu, Zn) from 5,620 drill holes (DDH) and 166 mineral occurrences (Au, Ag, Cu, Zn) were digitized by Albert Mining’s team. The data from some 1,670 assessments reports, as well as from two datasets comprising 370 and 692 variables (5,483,197 and 3,381,749 data points), respectively, provided from the merging by Albert Mining of public magnetic and electromagnetic data at 50m resolution, will be analyzed through two models by CARDS (Computer Aided Resource Detection System) to identify new targets with signatures similar to known areas of Au, Ag, Cu, Zn mineralization.
Mr. Michel Fontaine, President & CEO of Albert Mining, stated: “The best place to find a mine is close to a mine. This is exactly what we are doing in the Flin Flon area. CARDS will be able to analyze large public geophysical, geochemical, and geological data sets available for the Flin Flon-Snow Lake project in order to discover hidden patterns. The new Au, Ag, Cu, Zn exploration targets generated by Albert Mining will be sold to local exploration mining companies, staked, and the best grassroots targets will be followed up.”
About Albert Mining Inc.
Albert Mining is a junior mining exploration company using 100% Artificial Intelligence (AI) to generate mining projects with an extensive portfolio of gold, copper and diamond properties in Quebec. Albert Mining also recently acquired all assets from DIAGNOS Inc.’s mining division, including the Computer Aided Resources Detection System (“CARDS”). Albert Mining can count on a multidisciplinary team that includes professionals in geophysics, geology, Artificial Intelligence, and mathematics. The Company’s objective is to develop a new royalty stream by significantly enhancing and participating in the exploration success rate of mining.
For further information, please contact:
Michel Fontaine
President and CEO of Albert Mining Inc.
Telephone: 514-994-5843
Fax: 613-422-0773
Email: michel@albertmining.com
Website: www.albertmining.com
Albert Mining-Powered by Artificial Intelligence
Additional information about the Company is available under Albert Mining’s profile on SEDAR atwww.sedar.com .
This news release contains certain “forward-looking statements” or “forward-looking information” (collectively referred to herein as “forward-looking statements”) within the meaning of applicable securities legislation. Such forward-looking statements include, without limitation, forecasts, estimates, expectations and objectives for future operations that are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or are events or conditions that “will”, “would”, “may”, “could” or “should” occur or be achieved. This news release contains forward-looking statements, pertaining to, among other things, the following: the resumption of the trading of Albert shares on the TSX Venture Exchange. Statements regarding future production, capital expenditures and development plans are subject to all of the risks and uncertainties normally incident to the exploration for and development and production of oil and gas that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. These risks include, but are not limited to, inflation or lack of availability of goods and services, environmental risks, drilling risks, regulatory changes and certain other known and unknown risks detailed from time to time in Albert Mining’s public disclosure documents, copies of which are available on Albert Mining’s SEDAR profile at www.sedar.com .
Although Albert Mining believes that the material factors, expectations and assumptions expressed in such forward-looking statements are reasonable based on information available to it on the date such statements were made, no assurances can be given as to future results, levels of activity and achievements and such statements are not guarantees of future performance. Albert Mining’s actual results may differ materially from those expressed or implied in forward-looking statements and readers should not place undue importance or reliance on the forward-looking statements. Statements including forward-looking statements are made as of the date they are given and except as required by applicable securities laws, Albert Mining disclaims any intention or obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained in this news release are expressly qualified by this cautionary statement.
Neither the 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.
- Published in Uncategorized
Pacton Gold Announces $4 million Private Placement
Momentum Public Relations
Press Release: April 23 2018
Pacton Gold Inc. (TSXV: PAC, OTC: PACXF) (the “Company” or “Pacton“) is pleased to announce that it has entered into an agreement with Sprott Capital Partners to act as lead agent (the “Lead Agent“), on its own behalf and, if applicable, on behalf of a syndicate of agents (collectively with the Lead Agent, the “Agents“), in connection with a marketed private placement of up to 17,400,000 Units (hereinafter defined) of the Company, at a price of $0.23 per Unit, for gross proceeds of up to $4,002,000 (the “Offering“).
Each Unit will consist of one common share of the Company (a “Common Share“) and one transferable common share purchase warrant (a “Warrant“)(collectively, a “Unit“). Each Warrant will entitle the holder to acquire one Common Share for a period of three years from the date of issue at a price of $0.35.
In connection with the Offering, the Agents will be entitled to a cash fee in an amount equal to 6.0% of the gross proceeds of the Offering. As additional consideration, the Company will grant to the Agents that number of Agent Units (hereinafter defined) that equals 6.0% of the aggregate number of Units placed by the Agents in the Offering. Each “Agent Unit” will consist of one Common Share and one non-transferrable common share purchase warrant (“Agent Warrants“). Each Agent Warrant will permit the purchase of one Common Share for three years from the Closing Date at C$0.35.
The net proceeds from the Offering will be used for exploration work to be conducted on the Company’s properties in Canada and Australia and for general working capital. All of the securities sold pursuant to the Offering will be subject to a four month hold period which will expire four months and one day from the date of issue in accordance with applicable securities laws. The Offering is subject to acceptance of the TSX Venture Exchange.
The Offering may close in one or more tranches, with a final closing no later than May 22, 2018 or such other date or dates as the Company and the Lead Agent may agree.
ON BEHALF OF THE BOARD OF DIRECTORS,
Alec Pismiris
Interim President & CEO
Neither the 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.
This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “1933 Act“) or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available.
This news release includes certain forward-looking statements concerning the use of proceeds of the Offering, the future performance of our business, its operations and its financial performance and condition, as well as management’s objectives, strategies, beliefs and intentions. Forward-looking statements are frequently identified by such words as “may”, “will”, “plan”, “expect”, “anticipate”, “estimate”, “intend” and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, the future tax treatment of the Flow-Through Shares, competitive risks and the availability of financing, as described in more detail in our recent securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these forward-looking statements except as required by applicable law.
SOURCE Pacton Gold Inc.
View original content: http://www.newswire.ca/en/releases/archive/April2018/23/c8737.html
Contact:
please contact 1-(855)-584-0258 or dom@pactongold.com.
- Published in Pacton Gold Inc., Uncategorized
Another gold discovery for Stelmine in the James Bay Area
Momentum Public Relations
Press Release: April 17 2018
Stelmine Canada(« Stelmine ») (TSX-V:STH). Stelmine announces a gold discovery on its Joubert property which is highlighted by concentrations of 2.48 g/t Au, 0.16 %Zn, 1440 and 2760 ppmAs. Following its exploration strategy targeting the best gold potential zones near the contact of the La Grande and Opinaca Sub-province in Quebec, the Company increased the area of the Joubert property. These acquisitions are based on the assay results of grab rock samples collected in 2017 on Joubert and on the geological and structural context conductive to mineralization.
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« These results allow the Company to consider our new work program with an optimistic outlook. With the Company discoveries and over 994 claims staked in this new exploration sector of the eastern Opinaca and La Grande Sub-provinces, Stelmine becomes a major player of the industry » claims Isabelle Proulx, President of Stelmine Canada.
The Company acquired by staking 75 new claims that include the extension of greenstone belts, metasedimentary and gabbroïc rocks located in the eastern part of the La Grande geologic Sub-province in the James Bay area. The Joubert property was expanded to 182 claims covering an area of 94.25 km2.
Stelmine’s geologists completed a two day exploratory visit of the property allowing the mapping of metasedimentary rock assemblages (Solomon Formation) at the contact with basaltic metavolcanics (Trieste Formation) having a larger extent relative to what is revealed by the MERNQ mapping. Gold mineralization was discovered in the northeastern corner of the property on a gossan exposing paragneissic rocks in contact with metabasalts. The mineralization zone includes pyrrhotite, pyrite and chalcopyrite locally massive or in fractures. The rock is occasionally silicified and magnetic containing graphite and quartz veins. Grab samples revealed assay values of 2.48 g/t Au, 0.16 %Zn, 1440 and 2760 ppmAs. In the southeastern part of the property, near the pyroxenitic/peridotitic pluton of the Dutreuil suite and the Au-Cu showings identified by the MERQ, a lithologic assemblage similar to the previous one exposes ultramafic rocks, massive and pillowed basalts and metasediments revealing massive to disseminated, graphitic and cherty zones showing anomalous gold and zinc values (0.10 and 0.13 g/t Au) and (0.10 % Zn). These convincing assay results are added to the recent MERQ values highlighting anomalous Au (0.10-0.11 g/t Au), Zn (0.10-0.24 %) and As (3000 ppm) concentrations in Joubert’s metavolcanic and metasedimentary rocks. Assay values of 4.69 g/t and 0.48 g/tAu were produced from deformed quartz veins located 1 km south of Stelmine’s new discovery (see Figure 1).
During the 2018 summer season, Stelmine will implement a more thorough exploration campaign of the Joubert property including geological and structural mapping accompanied by rock sampling.
The technical contents of this release were approved by Michel Boily, PhD, geo; a Qualified Person (QP) as defined by National Instrument 43-101.
Follow us on www.Stelmine.com and on our Facebook page (Stelmine Canada) where we uploaded pictures of the Courcy project.
About Stelmine
Stelmine is a junior mining exploration company which concentrates its activities in the Province of Québec. Stelmine holds 994 claims spanning 662.8 km2 on the eastern part of the Opinaca metasedimentary basin, which contains zones with a high potential for gold deposit discovery in geological contexts similar to the one leading to discovery of the Éléonore Mine. Its capital stock consists of 23,680,645 issued and outstanding shares for a current market capitalization of $4.1 million.
Forward-looking statements
The statements set forth in this press release, which describes Stelmine’s objectives, projections, estimates, expectations or forecasts, may constitute forward-looking statements within the meaning of security legislation. Positive or negative verbs such as “believe”, “can”, “shall”, “intend”, “expect”, “estimate”, “assume” and other related expressions are used to identify such statements. Stelmine wishes to state that, by their very nature, forward-looking statements involve risks and uncertainties such that its results, or the measures it adopts, could differ materially from those indicated or underlying these statements or could have an impact on the degree of realization of a particular projection. Major factors that may lead to a material difference between Stelmine’s actual results and the projections or expectations set forth in the forward-looking statement include the risk that the Company does not complete the Placement as anticipated, and such other risks as described in detail from time to time in the reports filed by Stelmine with security authorities in Canada. Unless otherwise required by applicable securities laws, Stelmine disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of the new information, future events or otherwise. The forward-looking information in this release is based on information available as of the date of this release.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
For more information :
Isabelle Proulx | Christian Guilbaud |
President and CEO | Business Development |
581-998-1222 | 514-813-7862 |
info@stelmine.com | |
Stelmine.com |
A map accompanying this announcement is available at http://resource.globenewswire.com/Resource/Download/e411ff50-781a-4d11-b8eb-3fd106c491c1
- Published in Stelmine Canada
New gold discovery for Stelmine in the eastern James Bay region
Momentum Public Relations
Press Release: June 1 2018
Stelmine Canada(« Stelmine ») (TSXV:STH). Stelmine announces a new gold discovery on its Trieste property and follows its commitment to acquire properties within the more prospective gold-bearing terranes exposed in Quebec near the boundary between the La Grande and Opinica subprovinces. The Company has nearly doubled the area of its Trieste property following the positive results obtained on its Courcy flagship property in conjunction with the analytical results received in 2017 on the Trieste property which indicate gold mineralization representing a new discovery.
“Despite a short one day excursion completed by helicopter on Trieste, we were pleasantly surprised to discover gold-bearing iron formations. It became clear to us it was imperative to preserve this potential asset for Stelmine and increase its area,” says Stelmine’s president, Isabelle Proulx.
The Company has acquired 81 new claims encompassing slivers of greenstone belts located in the eastern La Grande subprovince in the James Bay region. The Trieste property now spans an area of 66.6 km2distributed in 129 claims.
A visit to the Trieste property by our geologists allowed the identification of folded bands of magnetic iron formations (oxide facies) intercalated with metasediments and mafic metavolcanic layers. The iron formations contain magnetite and sulphides (pyrite, pyrrhotite, arsenopyrite and chalcopyrite) and is crosscut by sulphide-bearing quartz veins. A composite sample of mineralized wallrocks near the banded iron formations revealed gold and arsenic values of 1.10 g/t and 8350 ppm respectively.
“The results coming from the Trieste property integrated with those from the Courcy project open great perspectives relative to the development of a new zone with strong gold potential in Quebec. Stelmines strives to become the leader in this new exploration sector,” reiterates Isabelle Proulx.
Stelmine will implement a more thorough exploration campaign of the entire Trieste property during the summer 2018, including geological and structural mapping and rock sampling.
The technical contents of this release were approved by Michel Boily, PhD, geo; a Qualified Person (QP) as defined by National Instrument 43-101.
Follow us on www.Stelmine.com and on our Facebook page (Stelmine Canada) where we uploaded pictures of the Courcy project.
About Stelmine
Stelmine is a junior mining exploration company which concentrates its activities in the Province of Québec. Stelmine holds 919 claims spanning 624 km2 on the eastern part of the Opinaca metasedimentary basin, which contains zones with a high potential for gold deposit discovery in geological contexts similar to the one leading to discovery of the Éléonore Mine. Its capital stock consists of 23,680,645 issued and outstanding shares for a current market capitalization of $4.2 million.
Forward-looking statements
The statements set forth in this press release, which describes Stelmine’s objectives, projections, estimates, expectations or forecasts, may constitute forward-looking statements within the meaning of security legislation. Positive or negative verbs such as “believe”, “can”, “shall”, “intend”, “expect”, “estimate”, “assume” and other related expressions are used to identify such statements. Stelmine wishes to state that, by their very nature, forward-looking statements involve risks and uncertainties such that its results, or the measures it adopts, could differ materially from those indicated or underlying these statements or could have an impact on the degree of realization of a particular projection. Major factors that may lead to a material difference between Stelmine’s actual results and the projections or expectations set forth in the forward-looking statement include the risk that the Company does not complete the Placement as anticipated, and such other risks as described in detail from time to time in the reports filed by Stelmine with security authorities in Canada. Unless otherwise required by applicable securities laws, Stelmine disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of the new information, future events or otherwise. The forward-looking information in this release is based on information available as of the date of this release.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
For more information : | |
Isabelle Proulx | Christian Guilbaud |
President and CEO | Business Development |
581-998-1222 | 514-813-7862 |
info@stelmine.com | |
Stelmine.com |
- Published in Stelmine Canada
Corex Gold and Minera Alamos Join Forces to Build Major Latin American Gold Company
Momentum Public Relations
Press Release: April 9, 2018
MomentumPR’s client, Corex Gold, is listed on the TSX Venture exchange under the symbol: CGE. Following the transaction closing the Company will trade under the ticker symbol: MAI.
Momentum PR is pleased to have produced an informative and comprehensive report on Corex Gold, available here – Corex Gold Corporation Report.
Corex Gold Merger Highlights
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Corex merges with Minera Alamos to form Latin American Gold Rollup Company
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Merged company backed by Osisko Gold Royalties
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Gold Production targeted at 150,000 ounces annually within three-four years
Corex Gold, (TSXV: CGE) (OTCQB: CGEKF) is about to merge with Minera Alamos, (TSXV: MAI). Together the two companies will have a market cap in the C$45 million range and three gold properties under development.
Corex’s flagship project, Santana, will be the first out of the gate and into commercial production with an estimated 25,000 to 35,000 ounces of gold annually. Revenues generated from Santana will be used to put two Minera Alamos properties, La Fortuna and Guadelupe dos Reyes into production.
The merged company will have an important advantage in that it is being backed by Osisko Gold Royalties Ltd, (TSX: OR). On May 30, 2017 Osisko bought 19.9% of Minera Alamos as part of a royalty stream agreement.
On February 16, 2018, Osisko issued an early warning announcement that it had bought the 16.12% of Corex shares previously held by Minera Alamos. As a result, Osisko will hold between 17-18% of the merged company.
Corex CEO Doug Ramshaw, “Osisko is known to be one of the more preeminent and aggressive royalty companies. If you are going to build a portfolio of development projects that you want to put into production having a partner that will assist in your funding through royalties is not a bad thing.”
Corporate strategy going forward is to put the three wholly owned assets, Santana, Fortuna and Guadelupe into production. Then they will find opportunities to leverage their technical expertise and corporate backing to acquire and put in production low-cost heap leachable projects that are too small, from a production point for the big companies to be interested but which can be profitably processed by heap leaching.
With the right grade, as Ramshaw points out, heap leaching gold will still be profitable if the price of gold falls back because it is the low-cost production technique.
Momentum PR is pleased to have produced an informative and comprehensive report on Corex Gold, available here – Corex Gold Corporation Report.
If you would like more information on Corex Gold; listed on the TSX Venture exchange under the symbol: CGE. Following the transaction closing the Company will trade under the ticker symbol: MAI.
Momentum PR
Jonathan Williams, Managing Director
+1.450.332.6939
media@momentumpr.com
info@momentumpr.com
https://momentumpr.com/
About Momentum PR
Momentum PR is a cutting-edge public and investor relations consulting agency, representing companies within the Canadian investment community.
Since 2009, Momentum PR has been servicing small and mid-cap Canadian-listed public companies, seeking to increase their exposure across North America. The focus at Momentum PR is on building and driving brand awareness. Momentum PR cultivates new audiences in the media and investment communities by proactively engaging interested parties on behalf of client companies, through online and offline channels.
Disclaimer:
All editorial content contained herein is solely the responsibility of Momentum PR and does not reflect, in any way, the opinions of TheNewswire.ca Inc., its partner newswires and / or associated news services.”
- Published in Corex Gold
Pacton Gold to Acquire Significant Strategic Portfolio of Gold Properties in Western Australia’s Pilbara Mining Region
Momentum Public Relations
Press Release: April 5 2018
Pacton Gold Inc. (TSXV: PAC, OTC: PACXF) (the ” Company ” or ” Pacton “) is pleased to announce that it has entered into a letter of intent (” LOI “), whereby it can earn up to an 80% ownership interest in Arrow (Pilbara) Pty Ltd (” Arrow Pilbara “), an Australian proprietary limited exploration company wholly owned by Arrow Minerals Limited (ASX:AMD) (” Arrow “). Arrow Pilbara holds two granted tenement licences and two applications for licences, comprising of a total of 609 km 2 (the ” Property “). The large Property is situated in the eastern portion of the currently defined part of Western Australia’s Pilbara gold play that is characterized by thick gold nugget-bearing conglomerate beds of the Archean age Mallina Basin.
1. Highlights of the Transaction:
- – Strategic land holdings totaling 609 km 2 , with recent discovery of gold nuggets from outcropping conglomerates. Nuggets 5 to 10 mm in size have been discovered on the Property.
- – Seven conglomerate gold targets have been identified with characteristic radiometric anomalies ;
– Directly adjacent and proximal to key exploration properties controlled by Novo Resources Corp., De Grey Mining Ltd., and Kairos Minerals Ltd.;
– Gold anomalies identified along structures which host gold mineralization on adjacent properties.
Arrow Minerals Team: Access to the extensive regional knowledge and technical expertise provided by the Arrow Technical team.
Alec Pismiris, Interim President and CEO of Pacton Gold stated, ” We are pleased to be able to partner with the Arrow Minerals team, who have been able to assemble a significant portfolio of advanced gold projects with excellent prospectivity that will provide key exploration and discovery upside for the shareholders of Pacton. Pacton’s Pilbara gold project is fast becoming one of the most significant in the Pilbara region. ”
For location map of the Property, please see: http://www.pactongold.com/Pacton-Location-Map.jpg .
2. Pilbara Gold Project and its Prospectivity
The Property comprises two exploration licences and two exploration licence applications covering 609 km 2 of ground prospective for conglomerate-hosted gold in the Pilbara region of Western Australia (refer to location map). The licences cover various parts of the prospective contact between the older Pilbara granite-greenstone terrain and the overlying Fortescue Group rocks in the East Pilbara region, including areas close to and adjoining licences held by Novo Resources Corp. (refer to location map).
Arrow confirms that prospectors have recently uncovered several gold nuggets in conglomerate units in the Mallina Basin on exploration license E47/3476. Geological and prospecting information on the Property has been provided by Arrow, which the Company has reviewed and believes to be reliable.
In addition to the gold nuggets found during the short prospecting trip, there is considerable evidence of previous prospector activity throughout the tenement. The short prospecting programme was completed on exploration licence E47/3476. Arrow completed targeting exercise over E47/3476 (north) and E47/3478 (south), highlighting nine (9) conglomerate or basement gold targets.
Arrow has reprocessed available radiometric surveys, highlighting seven (7) conglomerate gold targets with radiometric anomalies over mapped conglomerates and meta-sediments of the Mallina Basin. (see Figure 3 below and the Company website www.pactongold.com ).
Historical surface geochemistry data was also reviewed as part of the initial targeting exercise with three (3) of the radiometric anomalies having coincident elevated gold in streams, and gold in soil samples, confirming the prospectivity of the tenements. The remaining four (4) conglomerate gold targets have not had any previous exploration, and are prioritized for exploration.
The two basement gold targets are located along significant shear structures splaying off the Mallina Shear, which hosts De Grey Mining Limited’s (De Grey) (ASX: DEG) Indee Gold Project, and the Blue Moon Prospect and associated nuggets, which was recently acquired by De Grey (see Figure 4 below and the Company website). Target 1 is a gold anomaly situated along splay faults off the Mallina and Wohler Shears. Target 2 is located along the same structure as the Blue Moon Prospect and is also a coincident radiometric anomaly within conglomeratic sediments. Arrow completed a review of its recently acquired tenements (E45/5042 and E45/5043), which cover the prospective Mallina Basin, and the Tabba Tabba Shear adjacent to the Cooke’s Hill gold mine.
Pacton’s initial exploration program for the Property is expected to include rock chipping, stream sediment and soil sampling over all nine (9) gold targets.
LOI Terms
Under the terms of the LOI, which will be formalized by a definitive agreement among the parties, the Company can earn a 51% ownership interest in Arrow Pilbara by paying Arrow a total of $500,000 and issuing to Arrow common shares valued at $250,000. The Company has the option to earn a further 29% ownership interest in Arrow Pilbara by issuing to Arrow common shares valued at $250,000 and incurring $500,000 in exploration expenditures on the Property within one year of all exploration licences being granted.
(b.a) From the date Pacton earns a 51% interest in Arrow Pilbara, the parties intend to operate Arrow Pilbara as an incorporated joint venture company to hold the Property and to carry on mineral exploration and development activities on the Property (and any other tenement interests that Arrow Pilbara may acquire) with a focus on gold exploration. Pacton and Arrow will enter into a shareholders’ agreement to govern their joint ownership of Arrow Pilbara, and their respective rights and obligations as shareholders of Arrow Pilbara.
Once Pacton has earned an 80% in Arrow Pilbara, Arrow will be free-carried until $5,000,000 of exploration expenditures have been incurred on the Property.
Arrow will retain all rights to explore for, mine and extract lithium, caesium and tantalum from the Property.
A finder’s fee will be paid to COMVERJ Pty Ltd in respect of the transaction pursuant to the policies of the TSX Venture Exchange.
All monetary figures herein are in Canadian currency.
3. This transaction is subject to the approval of the TSX Venture Exchange.
4. About Pacton Gold
Pacton Gold Inc. (TSXV: PAC) is a Canadian junior exploration company focused on acquiring, exploring and advancing mineral assets in key mining friendly locations globally.
The technical content of this news release has been reviewed and approved Peter Caldbick, P.Geo., a director of the Company and a Qualified Person pursuant to National Instrument 43-101 .
5. On Behalf of the Board of Pacton Gold Inc.
Alec Pismiris
Interim President & CEO
6. For more information, please contact 1-(855)-584-0258 or dom@pactongold.com .
This news release may contain or refer to forward-looking information based on current expectations, including, but not limited to the Company acquiring an interest in Arrow Pilbara and completion of the proposed transaction described herein, the prospect of the Company achieving success in exploring the Property and the impact on the Company of these events, including the effect on the share prices. Forward-looking information is subject to significant risks and uncertainties, as actual results may differ materially from forecasted results. Forward-looking information is provided as of the date hereof and we assume no responsibility to update or revise such information to reflect new events or circumstances .
- Published in Pacton Gold Inc.
Stelmine reveals a new gold-rich zone on Courcy
Momentum Public Relations
Press Release: April 5 2018
Stelmine Canada(« Stelmine ») (TSX-V:STH) reveals the results of its last exploration campaign realized on a new zone located in the southern part of the Courcy property. In fact, our work including geological mapping, sampling and overburden stripping unhearted km-long structures and gold-bearing lithologies on which more detailed work certainly including diamond drilling will be completed during the 2018 summer season.
The Southern Zone presents several geological features that warrant a more thorough investigation:
- Visible gold observed on at least three major showings;
- High gold values associated with pyrrhotite-rich deformed/mylonitic metasedimentary/metavolcanic rocks: ex. 167 g/t, 33 g/t, 24.8 g/t and 4.8 g/t;
- Gold assay values ranging from 0.36 to 24.8 g/tAu and averaging 2.75 g/t (41 samples excluding the 167 g/t sample);
- The reinterpretation of past geophysical surveys highlighted bent contours in magnetic/conductive signatures suggesting deformed structures susceptible to form traps for gold mineralization. These km-long folded features (mylonites and shears) are rich in pyrrhotite ± pyrite ± chalcopyrite±gold;
- The widespread occurrence of conglomeratic units combined with the presence of fuchsite associated with sulfide-rich rocks, ultramafic sills, silicified protoliths and quartzite/arenitic bands, all suggest widespread hydrothermal alteration possibly associated with gold mineralization.
The Courcy property consists of 393 claims located in the eastern segment of the Opinaca sub-province near the Quebec/Labrador border, 100 km west of the city of Fermont, Quebec.
The technical contents of this release were approved by Michel Boily, PhD, geo; a Qualified Person (QP) as defined by National Instrument 43-101.
Follow us on www.Stelmine.com and on our Facebook page (Stelmine Canada) where we uploaded pictures of the Courcy camp and of our crew at work.
About Stelmine
Stelmine is a junior mining exploration company which concentrates its activities in the Province of Québec. Stelmine holds 838 claims spanning 583 km2 on the eastern part of the Opinaca metasedimentary basin, which contains zones with a high potential for gold deposit discovery in geological contexts similar to the one leading to discovery of the Éléonore Mine. Its capital stock consists of 23,680,645 issued and outstanding shares for a current market capitalization of $3.9 million.
Forward-looking statements
The statements set forth in this press release, which describes Stelmine’s objectives, projections, estimates, expectations or forecasts, may constitute forward-looking statements within the meaning of security legislation. Positive or negative verbs such as “believe”, “can”, “shall”, “intend”, “expect”, “estimate”, “assume” and other related expressions are used to identify such statements. Stelmine wishes to state that, by their very nature, forward-looking statements involve risks and uncertainties such that its results, or the measures it adopts, could differ materially from those indicated or underlying these statements or could have an impact on the degree of realization of a particular projection. Major factors that may lead to a material difference between Stelmine’s actual results and the projections or expectations set forth in the forward-looking statement include the risk that the Company does not complete the Placement as anticipated, and such other risks as described in detail from time to time in the reports filed by Stelmine with security authorities in Canada. Unless otherwise required by applicable securities laws, Stelmine disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of the new information, future events or otherwise. The forward-looking information in this release is based on information available as of the date of this release.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
For more information :
Isabelle Proulx President and CEO |
Christian Guilbaud Business Development |
581-998-1222 info@stelmine.com |
514-813-7862 |
Stelmine.com |
- Published in Stelmine Canada, Uncategorized
Corex Gold Receives Overwhelming Shareholder Approval for Plan of Arrangement With Minera Alamos Inc.
Corex Gold Corporation (“Corex” or the “Company”) (TSX-V:CGE) is pleased to announce that shareholders of the Company have overwhelmingly voted in favour of the previously announced plan of arrangement (the “Arrangement”) with Minera Alamos Inc. (TSX Venture:MAI), see press release dated January 30th 2018.
A total of 71,679,327 common shares of the Company, representing approximately 45.25% of the Company’s issued and outstanding common shares were voted. The Arrangement was approved by 100% (due to rounding) of the votes cast by Corex shareholders (including disinterested shareholders). A copy of the complete report on voting will be made available on SEDAR at www.sedar.com.
A summary of the voting results is presented below:
Total Votes FOR: | 71,677,817 | Total Votes AGAINST: | 1,510 |
Disinterested Votes FOR: | 61,166,237 | Disinterested Votes AGAINST: | 1,510 |
The Arrangement is expected to close on or about April 10, 2018 resulting in Corex becoming a wholly owned subsidiary of Minera Alamos with the former shareholders of Corex thereafter owning approximately 50% of Minera Alamos, The closing is subject to applicable regulatory approvals and the satisfaction of other customary conditions.
About Corex Gold Corporation
Corex Gold Corp is a Canadian resource company focused on developing its 100% owned Santana flagship property in Sonora State, Mexico, where recent bulk test leaching and development work has resulted in the first gold produced from the property.
For Further Information Please Contact: | ||||
Corex Gold Corporation | ||||
Doug Ramshaw | President & CEO | |||
Tel: 236-521-0429 | Email: doug@corexgold.com | Website: www.corexgold.com | ||
Cautionary Statement Regarding Forward-Looking Information
This news release includes certain “Forward‐Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and “forward‐looking information” under applicable Canadian securities laws. When used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target”, “plan”, “forecast”, “may”, “would”, “could”, “schedule” and similar words or expressions, identify forward‐looking statements or information. These forward‐looking statements or information relate to, among other things: anticipated timing of closing of the Arrangement.
These statements reflect the Company’s respective current views with respect to future events and are necessarily based upon a number of other assumptions and estimates that, while considered reasonable by the Company, are inherently subject to uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements or forward-looking information and Corex has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: satisfaction or waiver of all applicable conditions to closing of the Arrangement including, without limitation, receipt of all necessary court, stock exchange and regulatory approvals or consents and lack of material changes with respect to Minera Alamos and Corex and their respective businesses, all as more particularly set forth in the Arrangement Agreement. Readers are cautioned against attributing undue certainty to forward‐looking statements or forward-looking information. Although the parties have attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be anticipated, estimated or intended. Corex does not intend, and does not assume any obligation, to update these forward‐looking statements or forward-looking information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements or information, other than as required by applicable law.
- Published in Corex Gold
Pacton Gold Receives TSX Venture Exchange Acceptance to CTTR Gold Pty Ltd. Acquisition
Momentum Public Relations
Press Release: April 3 2018
Pacton Gold Inc. (TSXV: PAC, OTC: PACXF) (the ” Company ” or ” Pacton “) is pleased to announce that further to its news release of February 26, 2018, it has received TSX Venture Exchange acceptance for an option to acquire 100% of the issued and outstanding shares of CTTR Gold Pty Ltd (” CTTR “). CTTR holds applications to nine tenement licenses for a strategic mineral property group (the ” Property “) in the Pilbara Region of Western Australia. The 492 km 2 Property is an advanced gold project portfolio that will target conglomerate gold occurences within the eastern extension of the Pilbara conglomerate gold play. One priority will be to explore for a northern extension of DeGrey’s Mallina Basin occurences that include 5 to 80 m thick gold nugget conglomerate beds at Loudens Patch, Jarret Well and Steel Well.
See property map at http://pactongold.com/Pacton_Aus_Regional_Fig1.pdf .
Pacton has commenced compiling and reviewing historical reports and data on the Property and collating other available datasets prior to planning a first-pass field evaluation programme, which will likely comprise of detailed mapping to define key stratigraphic units, rock-chip, soil and stream sediment sampling and metal detecting.
Pacton intends to initiate negotiations with the relevant Native Title representative bodies, representing an intergral step towards the Company’s tenement license applications being granted by the Department of Mines, Industry Regulation and Safety. The Company will commence the heritage notice process to allow for tenure to be cleared for on-ground exploration activities.
Under the terms of the agreement with CTTR, the Company paid $75,000 and issued 916,666 common shares and 458,333 share purchase warrants. Each warrant is exercisable into one common share for a period of 18 months from the date of issue at a price of $0.45 per share.
Upon grant of six key exploration licenses, the Company must pay a further $50,000 and issue 416,666 common shares and 208,333 share purchase warrants. Each warrant will be exercisable into one common share for a period of 18 months from the date of issue with an exercise price equal to 150% of the 5-day trading volume weighted average price of the Company’s shares, subject to a floor price of not less than the $0.24.
All monetary amounts referred to herein are in Canadian currency.
The Company issued 156,250 common shares to COMVERJ Pty Ltd. as a finder’s fee with respect to the transaction.
The Company also announces that further to its news release of March 14, 2018, it has issued 1,833,333 common shares in payment of outstanding debt and confirms that debt of $550,000 has now been extinguished.
About Pacton Gold
Pacton Gold Inc. (TSXV: PAC) is a Canadian junior exploration company focused on acquiring, exploring and advancing mineral assets in key mining friendly locations globally.
On Behalf of the Board of Pacton Gold Inc.
Alec Pismiris
Interim President & CEO
For more information, please contact 1-(855)-584-0258 or dom@pactongold.com .
This news release may contain or refer to forward-looking information based on current expectations, including, but not limited the prospect of the Company achieving success in exploring the Property and the impact on the Company of these event, including the effect on the share prices. References to other companies with proximal exploration properties in the Pilbara region is for information only and there are no assurances that the Company will achieve results similar to other companies in the region. Forward-looking information is subject to significant risks and uncertainties, as actual results may differ materially from forecasted results. Forward-looking information is provided as of the date hereof and we assume no responsibility to update or revise such information to reflect new events or circumstances .
- Published in Pacton Gold Inc.
Alliance First Drill Hole Completed — Shows All the Characteristics of Gold Mineralization — Bissett Gold Camp, Manitoba
Alliance Mining Corp. (TSX-v: ALM) (“Alliance” or the “Company”) is providing an update on its drill program on its Packsack gold property which began on March 15th 2018, and is being supervised by Alliance’s consulting geologist William C. Hood P. Geo. The Packsack property forms part of the company’s Red Rice Lake gold project located in Bissett Manitoba.
The first hole of the approximately 1,000 metre drill program was drilled to a depth of 380 metres under the existing Packsack shaft. Drilling under the Packsack shaft has shown that shearing, late dikes, and quartz veining with sericite, pyrite and tourmaline extend well below the 150 metre level drift. The features and mineralization observed in the core “show all the characteristics of gold mineralization found in the Packsack veins and elsewhere in the Bissett Gold camp,” says Bill Hood, P.Geo.
To view the graphic in its original size, please click here
The second drill hole in now underway. This is the first significant drill program to test under the 500 ft (152 m) level exploration drift on the Packsack property.
The Packsack property hosts several gold-bearing veins within a conjugate fracture set adjacent to the Red Rice shear zone. Previous exploration on the Packsack property has been focused on the Big Dome Vein, with a shaft to 525 ft (160 m) and 2867 ft (874 m) of drifting and crosscutting on 4 levels down to 500 ft (152 m), all completed between 1936 and 1940. The structural control on veining at the Packsack property is similar to that at the True North Mine, 4 km northeast, operated by Klondex Mines Ltd.
To view the graphic in its original size, please click here
Alliance Mining has an option to acquire 100 per cent of the Red Rice Lake property located in the centre of the Bissett gold camp in Manitoba. The property is located close to the town of Bissett, Man., and just four kilometres south from Klondex Mines’ True North gold mine. The Red Rice Lake gold property claims are located within the Archean Rice Lake greenstone belt in southeastern Manitoba. This belt forms part of the Uchi sub province that includes the Red Lake and Pickle Lake belts in Northwestern Ontario.
Alliance is actively seeking to expand its presence in the Bissett Gold camp through future property acquisitions and/or potential joint venture exploration partnerships with neighbouring companies.
William C. Hood, P.Geo, a qualified person as defined by National Instrument 43-101, is responsible for the technical information contained in this news release.
To view the graphic in its original size, please click here
ON BEHALF OF THE BOARD
Christopher R. Anderson
President, CEO and Director
FOR FURTHER INFORMATION PLEASE CONTACT:
Alliance Mining Corp.
(604) 488-3900
Investor Relations:
Antony Claydon: 604-445-5421
E-mail: ir@alliancemining.com
This press release includes certain statements that may be deemed “forward-looking statements”. All statements in this release, other than statements of historical facts, that address future exploration drilling, exploration activities and events or developments that the Company expects, are forward looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include exploitation and exploration successes, continued availability of financing, and general economic, market or business conditions.
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.
Alliance Mining Corp.
888 Dunsmuir Street – Suite 888, Vancouver, B.C., V6C 3K4
To view the original release (with media), please click here
Source: Alliance Mining Corp. (TSX Venture:ALM)
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- Published in Alliance Mining