Arctic Star 16,929,361-share private placement
Momentum Public Relations
Press Release: December 6, 2018
Arctic Star Exploration Corp. (TSXV: ADD) (FSE: 82A1) (WKN: A2DFY5) (the “Company” or “Arctic Star”) is pleased to announce that it has appointed Director Roy Spencer to the newly created position of Country Manager for Finland. Mr. Spencer will be managing the Company’s exploration activity on its newly acquired Timantti Diamond Project (“the Project”) that lies within the highly prospective Karelian Craton. Roy’s extensive background working within the Karelian Craton includes leading the discovery of the Grib diamond mine that generated revenue of $340 million USD in 2016, and is the 8th largest diamond mine in the world.
Mr. Spencer brings over 40 years of diamond exploration and discovery success to Arctic Star. Roy is a member of the Geological Society of South Africa (GSSA) and a Fellow of the AusIMM. Roy joined De Beers in 1966 and has been involved with exploration and deposit evaluation for gemstones and other commodities throughout his career. Roy’s tertiary education was at the University of Natal and Rhodes University in South Africa. As Technical Director of Peregrine Diamonds, he discovered the first kimberlites on the Pilbara craton in Western Australia in 1989, and as Leader of the Owners Team for Archangel Diamond Corporation he was largely responsible for the discovery of the world class Grib kimberlite in far northern Russia in February 1996. In 1998, Roy created and raised the seed finance for Ilmari Exploration Oy to explore for gold, base metals and diamonds on the Karelian Craton in Finland. Ilmari went public in 2000, and discovered the Lentiira kimberlite cluster in central Finland in 2003.
In 2006, as CEO of London-based diamond explorer European Diamonds, Roy led the Owners Team which brought the Liqhobong kimberlite in Lesotho into commercial production on time and under budget. In mid-2007, Roy left European Diamonds, a company which had evolved into a successful mid-tier diamond producer and marketer after having raised £23 million over a 6-year period. Since that time Roy has continued in gemstone exploration and deposit evaluation in Africa, Finland and western Russia for a variety of junior and senior mining companies.
Mr. Spencer stated, “Having worked extensively in the Karelian Craton throughout my career, I am excited to begin our exploration program at the highly-advanced Timantti project, where we have begun groundgeophysics followed by drilling.“
ABOUT ARCTIC STAR: The Company owns 100% of the recently acquired Timantti Diamond Project including a 243 Ha Exploration Permit and a 95,700 Ha Exploration Reservation near the township of Kuusamo, in Finland. The Project is located approximately 450km NW of the operating Grib Diamond Mine in Russia. Arctic is commencing its exploration in Finland on the Timantti Project, where two diamondiferous kimberlites may represent the first finds in a large kimberlite field. The Company also controls diamond exploration properties in Nunavut (Stein), the NWT (Diagras and Redemption) and a rare metals project in BC (Cap). Arctic Star has a highly experienced diamond exploration team previously responsible for numerous world class diamond discoveries.
ON BEHALF OF THE BOARD OF DIRECTORS OF
ARCTIC STAR EXPLORATION CORP.
/s/ Patrick Power
Patrick Power, Executive Chairman
+1 (604) 218-8772
/s/ Scott Eldridge
Scott Eldridge, President and CEO
+1 (604) 722-5381
scott@arcticstar.ca
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.
Forward-Looking Statements: Certain statements in this press release are forward-looking statements within the meaning of applicable securities laws. Forward-looking statements in this press release include that the Timantti Project transaction is a pre-eminent opportunity.
Such forward-looking statements and information are subject to risks, uncertainties and other factors which may cause our actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statement. Specific risks included that the Timantti Project does not contain as much promise as expected or that despite promise, its minerals cannot be economically mined.
There can be no assurance that a forward-looking statement or information referenced herein will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements or information. Also, many of the factors are beyond our control. Accordingly, readers should not place undue reliance on forward-looking statements or information. We undertake no obligation to reissue or update any forward-looking statements or information except as required by law.
- Published in Arctic Star Exploration
Albert Mining Inc. Staked 282 Claims Using its Artificial Intelligence Platform
Momentum Public Relations
Press Release: November 21, 2017
Ottawa, Ontario / The Newswire / November 21, 2017 – Albert Mining Inc. (the “Company” or “Albert”) (TSX-V: AIIM), an exploration mining company and a leader in the use of artificial intelligence and advanced knowledge-extraction techniques in the mining sector, is pleased to announce the acquisition of 100 of the 282 claim Ashuanipi gold property covering 141 square kilometers (km2) located 30 km east of Schefferville, Quebec.
Albert has used its proprietary Computer Aided Resource Detection System (CARDS) to stake the best gold targets in the Ashuanipi Sub-Province in Quebec. The work consisted of compiling, processing, and merging available geological, geochemical, geophysical, and topographical data as well as satellite imagery of the Supra-Regional modelling area of 330,900 sq./km. CARDS used 398 variables (magnetic data, lake-bottom sediments and topography) which correspond to
8,264,291 data points at 200 m cell size.
Historic results have previously identified drill hole intersections revealing values of up 2.23 g/t Au over 19.5 meters, 12 km west of the project, and outcrops reaching 171.5 g/t, 8.6 g/t, 4.94 g/t, 1.74 g/t, 1.4 g/t Au, mostly associated with iron formations hosted in the metasediments (International Corona & Sigeom). Approximately 350 rusty zones with various degrees of mineralization were identified in the region (source: International Corona). Many gold anomalies were also identified by analyzing the lake-bottom sediments (source: Sigeom).
Mr. Michel Fontaine, President & CEO of Albert Mining, commented: “I am proud of the progress made in the business model of Albert regarding Exploration. CARDS is a unique computer system that uses powerful algorithms to digitally analyze publicly available and privately owned geological information using an interactive process in constant evolution. Currently, many projects around the world are big in terms of dimension and contain a lot of data (Big Data). Since 2004, CARDS has allowed exploration companies to save significant time and money by identifying areas of focus. The CARDS technology enables companies to reduce the size of their exploration area (in some cases by 97 and to utilize 100 of the data available. Albert is ready to find new deposits.”
The scientific and technical content of this release was approved by Grigor Heba, P.Geo., a qualified person as defined by the National Instrument 43-101.
About Albert Mining Inc. – Where Artificial Intelligence Meets Geology
Albert is a junior mining exploration company with an extensive portfolio of gold, copper and diamond properties in Quebec. Albert also recently acquired all assets from DIAGNOS Inc.’s mining division, including the Computer Aided Resources Detection System (“CARDS”). Albert 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
Additional information about the Corporation is available under Albert’s profile on SEDAR at www.sedar.com.
- Published in Albert Mining, Mining, News Home
Equitorial Exploration Files Permit for 2,000 m Drill Program
Momentum Public Relations
Press Release: November 21, 2017
Vancouver, BC, Canada / TheNewswire / November 21, 2017 – Equitorial Exploration Corp. (TSX-V: EXX, Frankfurt: EE1, OTCQB: EQTXF) (“Equitorial” or “Company”) is pleased to report that the Company has received TSX-V Exchange approval to acquire a 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} recorded and beneficial interest in 3 claims (Catlake Claims) directly adjacent to the Cat Lake Mineral Project owned by Quantum Minerals Corp.
The Company is in the process of filing a work permit in Manitoba to drill 2,000 meters. The drill program will be headed up by Carey Galeschuk, P.Geo a geological consultant, who will also serve as Qualified Person for the purpose of National Instrument 43-101. He is a registered as a professional geoscientist in Manitoba and Ontario with close to 30 years of mineral exploration and project management experience across Canada. He has engaged in exploration with both junior and senior exploration companies in a broad range of commodities including rare metals, base metals, gold, nickel and PGM’s. He has considerable experience in lithium and pegmatite deposits. Currently Mr. Galeschuk provides geological consulting services to a variety of clients.
Cat Lake Lithium Project Summary
- – Adjacent to Cat Lake Mineral Project (previously Irgon Lithium Mine)
– Lithium Corp Cat Lake mine situated on south end Catlake claim block
– Irgon Lithium Mine shaft 150 m from south end of Catlake claim block
– 48 feet of spodumene bearing quartz drilled in 1948 (Manitoba Assessment File 98073)
– Approximately 150km northeast of Winnipeg
– Provincial Highway 314 in southeast Manitoba passes close by the claims
– Please click for a map of the claims: TBD
Cat Lake Mineral Project
QMC Quantum Minerals Corp News Release September 7, 2017 reported:
“Between 1953-1954, the Lithium Corporation of Canada Limited drilled 25 holes into the Irgon Dike and reported a historical resource estimate of 1.2 million tons grading 1.51{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Li20 over a strike length of 365 meters and to a depth of 213 meters (Northern Miner, Vol. 41, no.19, Aug. 4, 1955, p.3). This historical resource is documented in a 1956 Assessment Report by Bruce Ballantyne for the Lithium Corporation of Canada Ltd. (Manitoba Assessment Report No. 94932). This historical estimate is believed to be based on reasonable assumptions and the company/QP has no reason to contest the document’s relevance and reliability.”
The property lies within the southern section of the east-trending Mayville-Cat-Eculid Greenstone Belt (“MCEGB”) located along the northern contact of the Maskwa Lake Batholith. This northern greenstone belt has a similar structural geological setting as the Bird River Greenstone Belt (“BRGB”) which is located along the southern contact of the same batholith, and is parallel to and approximately 18km to the south of the MCEGB. The property is located 20km north of the Tanco Mine Property. The BRGB hosts the world-class Tanco rare element-bearing pegmatite dike. The Tanco Mine went into production in 1969 and produced tantalum, cesium and spodumene (a primary ore mineral for lithium) concentrate. It was previously North America’s largest and sole producer of spodumene (Li), tantalum (Ta) and pollucite (Cs).
About Equitorial Exploration Corp
Equitorial is aggressively developing four 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}-owned, high-potential, lithium projects in North America. The Little Nahanni Pegmatite Group (LNPG) is a 43-101 compliant, hard rock, lithium property in the NWT. The Catail Property in Manitoba, Canada is directly adjacent to the Cat Lake Mineral Project, a highly prospective Lithium property. The Tule and Gerlach Lithium Brine Projects are located in lithium-rich Utah and Nevada within easy reach of the Tesla Gigafactory #1. All four projects have demonstrated highly encouraging grades.
For more information please visit: http://equitorialexploration.com/
On behalf of the Board of Directors
EQUITORIAL EXPLORATION CORP.
_____________________
Jack Bal, CEO and Director
For further information, please contact Jack Bal at 604-306-5285
- Published in Equitorial Exploration, News Home
Anfield Resources Engages BRS Engineering to Complete a Uranium Resource Report
Momentum Public Relations
Press Release: November 15, 2017
VANCOUVER, BC–(Marketwired – November 15, 2017) – Anfield Resources Inc. (TSX VENTURE: ARY)(OTCQB: ANLDF)(FRANKFURT: 0AD)(“Anfield” or “the Company”) is pleased to announce that is has engaged BRS Engineering to complete a mineral resource report for the Nine Mile uranium project in Wyoming. The Nine Mile project was purchased from Uranium One Americas Inc. (“Uranium One”) in September 2016 and is one of the 24 uranium mining properties acquired in the Black Hills, Powder River Basin, Great Divide Basin, Laramie Basin, Shirley Basin and Wind River Basin areas of Wyoming. As a key part of this 2016 transaction, Anfield also signed a Resin Processing Agreement with Uranium One whereby Anfield would process up to 500,000 pounds per annum of its mined material at Uranium One’s Irigaray processing plant in Wyoming.
Anfield has previously released two NI 43-101 compliant mineral resource technical reports for properties acquired from Uranium One in the 2016 transaction: 1) the Clarkson Hill uranium project, entitled “Clarkson Hill Uranium Project, Mineral Resource NI 43-101 Technical Report, Natrona County, Wyoming, USA” with an effective date of July 27, 2017 (the “Clarkson Hill Report”); and 2) the Red Rim uranium project, entitled “Red Rim Uranium Project, Mineral Resource Technical Report, National Instrument 43-101, Carbon County, Wyoming, USA” and dated March 31, 2017 (the “Red Rim Report”). These reports are filed on SEDAR and state the following estimated mineral resources:
- Clarkson Hill:
- Inferred Mineral Resource of 957,000 tons with an average grade of 0.058 {92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} eU3O8, estimated to contain 1,113,000 pounds of eU3O8.
- Red Rim:
- an Indicated Resource of 336,655 tons of mineralized material with an average grade of 0.170{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} eU3O8 (equivalent to an Indicated Resource of 1,142,449 pounds of eU3O8); and
- an Inferred Resource of 472,988 tons of mineralized material with an average grade of 0.163{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} eU3O8 (equivalent to an Inferred Resource of 1,539,447 pounds of eU3O8).
Corey Dias, Anfield CEO, states, “We are pleased to update and further delineate another uranium resource from amongst the 24 Wyoming uranium projects acquired from Uranium One in 2016. Importantly, this is only the third Wyoming project for which we are commissioning a resource report and, given that the Company acquired 24 Wyoming projects form Uranium One, we believe a significant pipeline remains.
Given the recent Cameco news, we also feel it is an important time to solidify our resource base and determine which of our uranium projects are the most viable. Near-term supply disruptions may continue as the spot price remains below the cost of production of many companies, and long-term utility contracts come to an end. We believe that the current uranium price is unsustainable at such low levels, and Anfield is committed to positioning itself as a future uranium producer to coincide with the expected rebound in the uranium price. Ultimately, Anfield aims to pair a future viable uranium resource with the Resin Processing Agreement it has in place with Uranium One in Wyoming whereby it can process up to 500,000 pounds of uranium per year at Uranium One’s Irigaray Central Processing Plant.”
About the Nine Mile Project
The Nine Mile Project is located in Natrona County Wyoming approximately nine miles north of Casper and both east and west of US Interstate 25. Roll-front type uranium mineralization occurs in the Teapot Sandstone within the Mesaverde Formation. Between November 1976 and November 1980 a test In Situ Leach (“ISL”) plant was operated on the Nine Mile Project by Rocky Mountain Energy Company (RME), with mixed results. A total of four wellfield patterns underwent testing and development, 3 patterns were completed using sulfuric acid and one using a carbonate leach. Acid was chosen after preliminary core tests suggested a 90{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} recovery versus 80{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} with carbonate leaches. The first test pattern using sulfuric acid created a gypsum build-up, limiting acid contact with the uranium resulting in poor recovery. The second wellfield pattern, also using sulfuric acid, utilized a water jet perforation method developed with the U.S. Bureau of Mines. This test was successful with solution concentrations ranging from 70 to 300 ppm U3O8, averaging a little over 100 ppm. Results for the last two wellfield trials are not available. In addition, in 1977 the US Bureau of Mines, in cooperation with RME, commissioned a field demonstration of hydraulic mining of uranium sands in the same general area of the ISL testing.
In 1981, RME issued an internal report titled “Nine Mile Lake Geological Evaluation” by B. Atherley, C. Heidenreich, and J. Moran, dated April 22, 1981, which summarizes “Uranium Reserves” for mineralized areas east of I25 and “Uranium Resources” west of I25. Both estimates were completed using a standard polygonal method. Both estimates applied a minimum uranium grade cutoff of 0.02 eU3O8. The “Uranium Reserves” east of I25 applied a minimum GT cutoff that varied by depth from 0.13 at 100 feet to 0.30 at 600 feet. The “Uranium Resources” west of I25 applied a minimum GT cutoff of 0.04. The report states “Mineral Reserves” of 3.9 million pounds of uranium (no average grade stated) and “Mineral Resources” of 1.1 million pounds at an average grade of 0.054{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} eU3O8. Anfield considers these estimates to be historical and cautions that a qualified person has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves and the Anfield is not treating the historical estimate as current mineral resource or mineral reserves.
About BRS
BRS, Inc. is an engineering and geology consulting corporation with expertise in mining and mineral exploration. Of particular note, it specializes in uranium exploration, mineral resource evaluation, mine design, feasibility, mine operations, and reclamation. It has completed numerous uranium projects including technical reports and feasibility studies for underground, open pit, ISR, and conventional uranium mills. Representative projects include technical reports and due diligence for project financing for conventional uranium projects including the Sheep Mountain and the JAB-RD open pit in Wyoming, the Cibola Project in New Mexico, the Coles Hill, Virginia open pit and underground mine, and numerous ISR uranium projects in Wyoming and Paraguay.
Douglas L. Beahm, P.E., P.G., the principal engineer at BRS, is a Qualified Person as defined in NI 43-101 with 40 years of professional and managerial experience. Mr. Beahm has a proven track record in a variety of mining and mine reclamation projects including surface and underground mining, heap leach recovery, ISR, and uranium mill tailings projects. Mr. Beahm’s experience includes coal, precious metals, and industrial minerals, but his emphasis throughout his career has been on uranium.
About Anfield
Anfield is an energy metals exploration, development and near-term production company that is committed to becoming a top-tier energy-related fuels supplier by creating value through sustainable, efficient growth in its energy metals assets. Anfield is a publicly-traded corporation listed on the TSX-Venture Exchange (ARY-V), the OTCQB Marketplace (ANLDF) and the Frankfurt Stock Exchange (0AD). Anfield is focused on two production centres, as summarized below:
Arizona/Utah – Shootaring Canyon Mill
A key asset in Anfield’s existing portfolio is the Shootaring Canyon Mill in Garfield County, Utah. The Shootaring Canyon Mill is strategically located within one of the historically most prolific uranium production areas in the United States, and is one of only three licensed uranium mills in the United States.
Anfield’s conventional uranium assets consist of mining claims and state leases in southeastern Utah and Arizona, targeting areas where past uranium mining or prospecting occurred. Anfield’s conventional uranium assets include the Velvet-Wood Project, the Frank M Uranium Project, as well as the Findlay Tank breccia pipe. All conventional uranium assets are situated within a 125-mile radius of the Shootaring Mill.
Wyoming – Irigaray ISR Processing Plant (Resin Processing Agreement)
Anfield has also signed a Resin Processing Agreement with Uranium One wherein Anfield would process up to 500,000 pounds per annum of its mined material at Uranium One’s Irigaray processing plant in Wyoming. In addition, should Anfield sign uranium sales contracts, the Company can both buy and borrow uranium from Uranium One in order to fulfill some or all of its contracts.
Anfield’s 24 ISR mining projects are located in the Black Hills, Powder River Basin, Great Divide Basin, Laramie Basin, Shirley Basin and Wind River Basin areas in Wyoming.
On behalf of the Board of Directors
ANFIELD RESOURCES INC.
Corey Dias, Chief Executive Officer
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.
- Published in Anfield Resources
Defiance Silver 5,750,001-share private placement
Momentum Public Relations
Press Release: November 10, 2017
The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Sept. 15, 2017.
First tranche
Number of shares: 4,860,001 shares
Purchase price: 30 cents per share
Warrants: 4,860,001 share purchase warrants to purchase 4,860,001 shares
Warrant exercise price: 45 cents for a two-year period
Number of placees: 36 placees
Insiders: Ronald E. Sowerby, 100,000; Kesa Capital Corp. (Darrell Rader), 35,000; Paul A. Smith, 175,000; Windermere Capital Fund SPC/Navigator SP (Victor Murray), 700,000
Finders’ fees: $10,080 cash and 33,600 warrants payable to Raymond James Ltd.; $8,000 cash payable to Mackie Research Capital Corp.; $93,640 cash payable to Windermere Capital (Canada) Inc. (Finder’s fee warrants are exercisable at 45 cents per share for two years.)
Second tranche
Number of shares: 890,000 shares
Purchase price: 30 cents per share
Warrants: 890,000 share purchase warrants to purchase 890,000 shares
Warrant exercise price: 45 cents for a two-year period
Number of placees: 45 placees
Insider: Roy Bonnell, 80,000
Finder’s fee: $19,440 cash payable to Windermere Capital (Canada) Inc. (Finder’s fee warrants are exercisable at 45 cents per share for two years.)
- Published in Defiance Silver, Mining
Puma Exploration starts drilling program at Murray Brook Deposit
Puma Exploration starts drilling program at Murray Brook Deposit
Momentum Public Relations
Press Release: August 23, 2017
Puma Exploration Inc. (the “Company” or “Puma”) (TSX VENTURE:PUM)(SSE:PUMA) has begun its first drilling program at the Murray Brook Deposit. The first hole is underway and is collared to test the depth extension of the massive sulphide deposit located at surface and extending, continuously to 300 meters vertical.
Two (2) other holes are planned to verify the shallower copper mineralization intersected in the southwestern part of the deposit. The copper zone is open along strike and lies within the first 100 meters from surface. The targets consist of a combined airborne MEGATEM anomaly and a surface chargeability IP anomaly which have never been drilled.
“We are most excited to launch our own drilling program at the Murray Brook Deposit as it is the first drilling program conducted on this mining lease property since 2013” notes Marcel Robillard, President and CEO of Puma Exploration. The current drilling program begun, as planned, following the completion of phase I of the trenching operation completed on the Murray Brook East property.
Murray Brook East (4925)
The Murray Brook East property (4925) consists of 245 claims (5326 hectares) located between the Murray Brook Mining Lease (#255) and the Caribou Mining Lease (# 246). Its eastern boundary is located only four kilometers west of the producing Caribou Mine owned and operated by Trevali Mining Corp.
An extensive trenching program began on the Murray Brook East property at the beginning of June to verify the targets defined by Puma’s geologists from the data collected by the previous operators which included geophysical surveys (HeliTEM, Magnetic, Gravity) and geochemical surveys (1,853 soil samples). A previous 10 short holes drilling program along the 7 km favorable was conducted in 1956.
Trenching (Phase I)
Puma has completed a trenching program (Phase I) at Murray Brook East property, which consisted of a total of 38 trenches on a 3.8 km length. Some 127 samples were collected and will be analyzed for metals and whole rock geochemistry. The main objective of this preliminary program was to delineate and describe the contact between felsic volcanic and the sediments similar to the favorable horizon hosting the Murray Brook Deposit before proceeding with a drilling program.
Disseminated sulphides to massive sulphide veins were observed over a large gravity anomaly located at the contact between the sediments and the felsic volcanic in the northern boundary of the property. Other mineralized rock was observed mostly around two other gravity anomalies. In many locations, the black shale (sediments) observed were faulted and/or folded locally. This observation is important for the next drilling campaign planned to start in October and these areas will be the first priority targets.
Murray Brook Deposit
The underground sulphide mineral resource estimate of the Murray Brook Deposit comprises measured and indicated mineral resources totalling 5.28 million tonnes averaging 5.24 per cent zinc, 1.80 per cent lead, 0.46 per cent copper, 68.9 grams per tonne silver and 0.65 g/t gold. It contains 610 million pounds of zinc, 209 million pounds of lead, 54 million pounds of copper, 11.7 million ounces of silver and 111,000 ounces of gold at a $85 per-tonne NSR (net-smelter-return) cut-off in the sulphide measured and indicated categories. On February 20th 2017, the NI 43-101 report was accepted and filed on SEDAR.
Puma is actually updating the PEA on the Murray Brook Deposit. Various economic and development scenarios is currently studied from a large open pit to a high grade zinc underground operation.
About the Murray Brook Project
The Murray Brook Project consists of three (3) distinct contiguous areas that cover more than 18 kilometers of the favorable rock hosting the operating Caribou Mine (Trevali Mining Corp.), the Murray Brook Deposit and the past operating Restigouche Mine (Trevali Mining Corp.). From east to west, they are the Murray Brook East Property (4925), the Murray Brook Mining Lease (# 252) and the Murray Brook West Property (7846). The Murray Brook East and Murray Brook West Properties have been subject to various degrees of exploration and share the same potential of increasing the mineral resources defined at the Murray Brook Deposit.
About Puma Exploration Inc.
Puma Exploration is a Canadian mineral exploration company with advanced precious and base metals projects in Canada. The Company’s major assets are an option to acquire 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} per-cent beneficial interest in the Murray Brook Property, the Turgeon Zinc-Copper Project and the Nicholas-Denys Project located in New Brunswick as well as an equity interest in BWR Resources. Puma’s objective for the coming year is to focus its exploration efforts in New Brunswick.
You can visit us on Facebook and Twitter.
Learn more by consulting www.pumaexploration.com for further information on Puma Exploration Inc.
The contents of this press release were prepared by Marcel Robillard, P.Geo., a Qualified Person as defined in NI 43-101. 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.
Forward-Looking Statements: This press release may contain forward-looking statements. Such forward-looking statements involve a number of known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Puma Exploration Inc. to be materially different from actual future results and achievements expressed or implied by such forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements which speak only as of the date the statements were made, except as required by law. Puma Exploration undertakes no obligation to publicly update or revise any forward-looking statements. These risks and uncertainties are described in the quarterly and annual reports and in the documents submitted to the securities administration.
Puma Exploration Inc.
Marcel Robillard
President
(418) 724-0901
president@explorationpuma.com
www.pumaexploration.com
- Published in Mining, News Home, Puma Exploration
Deep-South Resources Intends to Acquire 75 of the Inal Property Neighboring the Kinross Gold Mine
Deep-South Resources Intends to Acquire 75{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the Inal Property Neighboring the Kinross Tasiast Gold Mine in Mauritania
Momentum Public Relations
Press Release: August 23, 2017
Deep-South Resources Inc. (” Deep-South ” or ” the Company “) (TSX-V: DSM) is pleased to announce that it has signed a letter of agreement (the “Letter of Agreement”) to acquire from Suricate SARL ( “Suricate” ), 75{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the INAL project, neighboring the Kinross Tasiast gold mine situated in the northwest of Mauritania.
Upon completion of a satisfactory due diligence, Deep-South shall acquire a 75{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} beneficial interest in the INAL project in consideration for a cash payment of
US $ 20,000.00 and the issuance of 500,000 common shares of Deep-South. The respective interests of both Parties will be held into a joint-venture company (Holdco).
Furthermore, Deep-South shall incur the following payments and shares issuance to Suricate:
On Cash Payments Shares Issuance
First Anniversary of Closing Date US$ 100,000 250,000
Second Anniversary of Closing Date US$ 100,000 250,000
Third Anniversary of Closing Date US$ 100,000 250,000
In addition to the above mentioned consideration, pursuant to the Letter of Agreement Suricate is entitled to a production bonus of US $ 1 million to be paid on the first day of commercial production commencement;
Deep-South shall finance all the exploration expenditures up to a production decision. Upon the day of a commercial production decision, Suricate shall contribute its share of the eventual mine development. Deep-South intends to hire Suricate to act as its representative in Mauritania for a period of 24 months from the Closing Date at a rate of US$2,500 per month.
Upon closing, Sparrowhawk Gold Limited, a geological consulting company, has analyzed the project and upon closing will receive a compensation of US $ 3,500 and 50,000 common shares of Deep-South. After the first anniversary of the Letter of Agreement, Deep-South shall retain the services of Sparrowhawk for the 3 subsequent years of the project for a cash compensation of US $ 10,000 per year and the issuance of 30,000 common shares per year .
The Letter of Agreement, and the transactions contemplated therein, including the shares issuance are subject to approval by the TSX Venture Exchange . All securities issued pursuant to the Letter of Agreement and to Sparrowhawk Gold Limited will be subject to a hold period of four months and a day from the date of issuance.
Mr. John Akwenye, Chairman of Deep-South stated, “We are delighted with this transaction. We are securing a large area in the heart of a promising area that already host a large gold mine and several discoveries. INAL has substantial exploration potential. It is a strong addition to our Haib copper project in Namibia. INAL is a quality asset that adds strong value for our shareholders.”
About the INAL Project: Gold and Lithium potential
The INAL project is situated within the Aoueouat Greenstone Belt of North West Mauritania (see maps at:https://www.deepsouthresources.com/projects/inal-property/ ). The project comprises two exploration licenses covering an area of 441 square kilometres located some 45 kilometres North East along trend from Kinross’s Tasiast gold deposit, and is adjacent to Kinross’s N’Daouas-Est and Algold’s Legouessi exploration licenses. The project covers prime granite greenstone belt terrain and host a number of geological structures extending from the Kinross licenses through, and onto, the INAL licenses. These structures, including a banded iron formation that hosts the Tasiast deposit, have the potential to host gold mineralization.
Furthermore, the INAL project also hosts a number of pegmatite bodies with confirmed spodumene and lepidolite mineralization. The pegmatite bodies have been identified by intermittence over a length of at least 40 km and a width of over 10 km, and represent very prospective targets for lithium mineralization.
North Western Mauritania is underlain by the South Western portion of the Reguibat Shield, which forms part of the West African Craton. The Reguibat Shield host Archaean age Greenstone Belts that bear many similarities to other Archaean age Greenstone Belts of the West African Craton, most notably in Ghana, Burkina Faso, Mali and others, which all host multi-million ounce gold deposits.
Clifford Fitzhenry; MSc, BSc (Hons), Pr.Sci.Nat., is responsible for the technical part of this press release and is the designated Qualified Person under the terms of National Instrument 43-101.
About Deep-South Resources Inc.
Deep-South Resources Inc. is a mineral exploration company largely held Namibian shareholders and Teck Resources Ltd, which holds about 35{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of Deep-South share capital. Deep-South is actively involved in the acquisition, exploration and development of major mineral properties. Deep-South currently holds 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the Haib Copper project in Namibia, one of the largest copper porphyry in Africa. Deep- South growth strategy is to focus on the exploration and development of quality assets, in significant mineralized trends, c los e to infrastructure, in stable countries.
This press release contains certain “forward-looking statements,” as identified in Deep-South’s periodic filings with Canadian Securities Regulators that involve a number of risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. 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 Deep South Resources Inc., Mining, News Home
INCA ONE GOLD (IO:tsxv) ANNOUNCES 109 INCREASE IN YOY GOLD PRODUCTION
Inca One Gold Announces 109{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Increase in Year Over Year (YOY) Gold Production, Electrical Update and Changes to Board & Management
Momentum Public Relations
Press Release: August 22, 2017
Inca One Gold Corp.’s (IO : tsxv) gold production in May and June, 2017, reached 1,659 ounces, an increase of 109 per cent year over year and an increase of 9 per cent from February, March and April of 2017.
During the two months, the company achieved an average throughput of 60 tonnes per day, an increase of 109 per cent from the comparable period in 2016, and an increase of 5 per cent from Q4 2017. Over these two months, the company processed approximately 3,681 tonnes of material, compared with 1,747 tonnes year over year (an increase of 111 per cent).
Inca One previously reported (June, 2017, press release) that mining activity in Peru was disrupted this year by unusually harsh weather conditions including flooding. After the floods subsided, roadways reopened and mineral deliveries picked up, allowing the company to realize a substantial increase in supply of gold bearing material for processing. Mineral purchases from May and June of 2017 increased by an average of 124 per cent year over year and 3 per cent over Q4 2017.
“We are pleased with the triple-digit improvements in the three main facets of the business: mineral deliveries, processing and gold production,” stated Inca One president and chief executive officer Edward Kelly. “We are building a solid platform which we expect to improve on in the second half of this year.”
Electrical grid update
Inca One’s wholly owned Chala One milling facility is now connected to the electrical grid. The milling facility is currently receiving approximately two-thirds of its power from the grid. Final upgrades to the grid proximal to the town of Chala are under way. Full power line delivery is anticipated to be provided by SEAL, the regional power supplier, by the fall of 2017.
Changes to board and management
Inca One announces the resignation of Oliver Foeste from its board of directors and as chief financial officer. Mr. Foeste has served as a director of the company since 2010, during which time Inca One transitioned from an early-stage exploration company into an operating gold processor with cumulative revenue in excess of $30-million (U.S.) since commercial operations began in 2015. The company would like to thank Mr. Foeste for his dedication, diligence and positive contributions over the past seven years and wishes him the very best as he focuses on his growing accounting and finance advisory practice.
Also resigning from the Inca One board is Richard A. Mundie. The company would like to thank Mr. Mundie for his guidance and wish him well in all future endeavours.
The company is pleased to announce the appointment of Kevin Hart as chief financial officer.
Mr. Hart is a chartered professional accountant with over 20 years of international experience in finance, administration and governance for mining companies listed on the Toronto Stock Exchange and New York Stock Exchange. Most recently, he was corporate controller for Asanko Gold Inc. During his tenure, Asanko transitioned into a mid-tier gold producer in Ghana, West Africa. Prior to Asanko, Mr. Hart held senior finance and management positions for several companies founded by the Hunter Dickinson (HDI) group. Those companies included Farallon, which built the G9 mine in Mexico and was sold to Nyrstar in 2011. Mr. Hart was also involved in the restart of Taseko’s Gibraltar copper mine in Williams Lake, B.C.
The company is also pleased to announce the appointments of Rodney Stevens and Adrian Morger to its board of directors, effective immediately.
Mr. Stevens is a CFA charter holder with over 10 years experience in the capital markets, first as an investment analyst with Salman Partners Inc., then as a merchant and investment banker. While at Salman Partners, Mr. Stevens was recognized by Starmine in 2007, as a top-rated analyst for the metals and mining industry. Over the course of his career, Mr. Stevens has been instrumental in assisting in financings and merger and acquisition activity worth over $1-billion in transaction value.
Mr. Morger is a European-based asset manager with over 20 years experience in the banking industry. After studying business and economics from 1998 to 2001 at the University of Applied Sciences in Chur, Switzerland, he worked as fund manager of alternative investments at Internationale Fonds Service AG, then as head of fund and manager selection for VP Bank AG in Vaduz, Liechtenstein. In March, 2009, he founded Everest Wealth Management AG, followed in January, 2015, by Falknis Wealth Management AG. His asset management businesses also provide direct loans to mining companies.
About Inca One Gold Corp.
The company’s activities consist of the production of gold and silver from the processing of purchased minerals located in Peru. Peru is the sixth-largest producer of gold in the world, and the Peruvian government estimates the small-scale-mining sector accounts for a significant portion of all Peruvian gold production, estimated to be valued approximately $3-billion (U.S.) annually. The company purchases its minerals from government-registered small-scale mining producers from various regions and processes at its Chala One milling facility located in Chala, southern Peru.
- Published in Inca One Gold Corp, Mining, News Home
Albert Mining Inc. (Formerly known as Majescor Resources Inc.) to trade under new symbol – AIIM
Albert Mining Inc. (Formerly known as Majescor Resources Inc.) to trade under new symbol – AIIM
Momentum Public Relations
Press Release: July 31, 2017
Ottawa, Ontario / TheNewswire / July 31, 2017 – Majescor Resources Inc. (the “Company”) (TSX-V: MJX) is pleased to announce that it has received the final approval from the TSX Venture Exchange (“TSX-V”) regarding its name and symbol change. Accordingly, effective as of the opening on the market on Tuesday, August 1, 2017, the common shares of Albert Mining Inc. (formerly known as Majescor Resources Inc.) will commence trading on the TSX-V under the new symbol “AIIM” and the new CUSIP number 012847109.
As previously announced, the name change was approved by shareholders on July 14, 2017. The Company filed articles of amendment, effective today, formally changing the corporate name to “Albert Mining Inc.”
About Albert Mining Inc.
Albert is a junior mining exploration company with an extensive portfolio of gold and diamond properties in Quebec. Albert also recently acquired assets from DIAGNOS Inc.’s mining division, including the Computer Aided Resources Detection System (“CARDS”). Albert 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
Copyright (c) 2017 TheNewswire – All rights reserved.
- Published in Albert Mining, Mining, News Home
Sage Gold Receives Final Tranche of Clavos Financing
Sage Gold Receives Final Tranche of Clavos Financing
Momentum Public Relations
Press Release: July 27, 2017
TORONTO, ONTARIO–(Marketwired – July 27, 2017) – Sage Gold Inc. (“Sage” or the “Company”) (TSX VENTURE:SGX) has drawn down the third and final tranche of the gold prepayment facility from Cartesian Royalty Holdings Pte. Ltd. (“CRH“) to fund the ongoing re-opening of its Clavos gold project (“Clavos“) in Timmins, Ontario.
The third and final tranche draw down of $3.26 million was subject to certain conditions which have been fully satisfied. The CRH gold prepayment facility has provided $9.65 million to Sage, of which $7.22 million has now been received to fund the ongoing start-up and capital expenditures at Clavos.
Nigel Lees, President and CEO commented, “We are pleased to receive the final tranche of the gold prepayment financing. Our mine restart program is going well and the underground workings are in excellent condition. We are on time and on budget to ship to the mill for processing mineralized material in September.”
The historical underground workings include roughly 7 kilometres of underground development and extend down to the 300 metre level. Historical expenditures incurred by the previous operator and the Company prior to the restart of Clavos have exceeded $70.0 million.
Mine dewatering at Clavos commenced in the beginning of 2017 and is currently at the 225 metre level. The dewatering of the entire underground infrastructure is expected to be complete by the fourth quarter of this year. Currently, several stopes are available for mining above the 225 metre level. The Company is beginning to stockpile mineralized material extracted from the 150 metre East level using a combination of broken stope material that was left in place by the previous operator, and material developed through Sage’s ongoing definition drilling. An extensive definition drilling program has been underway since May 2017 and the exploration phase of the planned 9,300 metre underground drilling program will commence next month. The Company will provide a full operational update and initial drilling results on Clavos shortly.
Sage currently plans to complete a reserve estimate and a pre-feasibility study on Clavos. In the event that a production decision is made that is not based on a feasibility study of mineral reserves demonstrating economic and technical viability prepared in accordance with National Instrument 43-101, readers are cautioned that there is increased uncertainty and higher risk of economic and technical failure associated with such a production decision.
Robert Ritchie P.Eng., the General Manager of the Clavos Project, is a qualified person (“QP”) under National Instrument 43-101 and has reviewed and approves the technical content of this news release.
Shares for Debt
Sage further announces that it intends to complete a debt settlement transaction (the “Debt Settlement“) with certain creditors (“Creditors“), providing for the settlement of $94,544 through the issuance of an aggregate of 472,000 common shares of the Corporation (“Common Shares”) at a deemed issue price of $0.20 per Common Share. The Debt Settlement is subject to regulatory approval. The Corporation expects to complete the Debt Settlement shortly after such approval is obtained.
About Sage Gold
The Company is a mineral exploration and development company with primary interests in advanced exploration properties in Ontario. Its main properties are the 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}-owned Clavos Gold property in Timmins, the 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}-owned Onaman property, and other exploration properties in the Beardmore-Geraldton Gold Camp. Technical reports and information relating to the properties can be obtained from the System for Electronic Document Analysis and Retrieval (SEDAR) website at www.sedar.com and www.sagegoldinc.com.
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. This news release may contain forward looking information and the Company cautions readers that forward-looking information is based on certain assumptions and risk factors that could cause actual results to differ materially from the expectations of the Company included in this news release. This news release includes certain “forward-looking statements”, which often, but not always, can be identified by the use of words such as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. These statements are based on information currently available to the Company and the Company provides no assurance that actual results will meet management’s expectations. Forward-looking statements include estimates and statements with respect to the Company’s future plans, objectives or goals, to the effect that the Company or management expects a stated condition or result to occur. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results relating to, among other things, results of exploration, metallurgical processing, project development, reclamation and capital costs of the Company’s mineral properties, and the Company’s financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as, but are not limited to: failure to identify mineral resources; failure to convert estimated mineral resources to reserves; the preliminary nature of metallurgical test results; delays in obtaining or failures to obtain required governmental, environmental or other project approvals; political risks; uncertainties relating to the availability and costs of financing needed in the future; changes in equity markets, inflation, changes in exchange rates; fluctuations in commodity prices; delays in the development of projects; capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry; and those risks set out in the Company’s public documents filed on SEDAR.
This list is not exhaustive of the factors that may affect any of the Company’s forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on the Company’s forward-looking statements. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
Shares outstanding: 76.6 million
CONTACT INFORMATION
-
Nigel Lees
President and CEO
416-204-3170
nlees@sagegoldinc.com
www.sagegoldinc.com