Search Results for "quebec"

MYM Submits Confirmation of Readiness for a License Under the ACMPR to Health Canada for Laval, Quebec Facility

MYM Nutraceuticals Inc., (CSE:MYM) (CSE: MYM.CN) (OTC: MYMMF) (the “Company” or “MYM”) is pleased to announce it has submitted the Confirmation of Readiness for a License under the Access to Cannabis for Medical Purposes Regulations (ACMPR) to Health Canada for the Sublime production facility in Laval, Quebec.

The Laval Facility – phase one of the Laval facility is 10,000 sf. Phase two, scheduled to be completed in 2018, will see the growing area expanded to 37,000 sf. This license will enable MYM to manufacture its branded medicinal THC and CBD products. The Laval project is estimated to produce gross sales of $27 million by 2019 with profit estimates of $17 million, based on current per gram prices of $8.50.

“We are delighted to have met our stated target deadline of December 15 for the submission of the Confirmation of Readiness for a License,” said Rob Gietl, MYM CEO. “This submission is a key milestone for MYM and its partners, one of many more to come. We are looking forward to beginning production at the Laval facility and are committed to continuing to build value for the Province of Quebec and our shareholders.”

About MYM Nutraceuticals Inc.

MYM Nutraceuticals Inc. is an innovative company focused on acquiring Health Canada licenses to produce and sell high-end organic medicinal cannabis supplements and topical products.  MYM has two production projects in Quebecthat when completed will have over 1.5 million sf of production space. MYM is also a partner in a 1.2 million sf production project (Northern Rivers Project) in New South Wales, AustraliaAustralia is an exciting new market that has recently legalized medicinal cannabis. To ensure a strong presence and growth potential within the industry, MYM is actively looking to acquire complementary businesses and assets in the technology, nutraceuticals and CBD sectors.  MYM shares trade in CanadaGermany and the USA under the following symbols: (CSE:MYM) (OTC:MYMMF) (FRA:0MY) (DEU:0MY) (MUN:0MY) (STU:0MY).

ON BEHALF OF THE BOARD
Rob Gietl, CEO
MYM Nutraceuticals Inc.
www.mymarijuana.ca

Keep up to date with MYM on our social media channels:
Twitter: @MYM_Nutra
Facebook: @mymcanada
Instagram: @MYM_Nutra

This news release may contain forward-looking statements based on assumptions and judgments of management regarding future events or results. Such statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements. The company disclaims any intention or obligation to revise or update such statements. For a description of the risks and uncertainties facing the Company and its business and affairs, readers should refer to the Company’s Management’s Discussion and Analysis and other disclosure filings with Canadian securities regulators, which are posted on www.sedar.com.

This news release does not constitute an offer to sell or solicitation of an offer to buy any of the securities described herein and accordingly undue reliance should not be put on such. Neither the Canadian Securities Exchange (CSE or CNSX Markets), nor its Regulation Services Provider (as that term is defined in policies of the CSE), 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 any of the securities described herein in the United States. The securities described herein have not been registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities law and may not be offered or sold in the “United States“, as such term is defined in Regulation S promulgated under the U.S. Securities Act, unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration requirements is available.

Investor Relations
Terry Brown
+1-855-696-2261
terry@mymarijuana.ca

Click here to connect with MYM Nutraceuticals Inc., (CSE:MYM) (CSE: MYM.CN) (OTC: MYMMF) for an Investor Presentation.


Spearmint Amends Private Placement To Further Multiple Projects in BC, Quebec and Nevada

Spearmint Resources Inc. (TSXV:SRJ) (OTCBB: SPMTF) (FSE: SQH) (“SRJ” or the “Company”) announces that it is amending the private placement announced December 7, 2017 to include additional security exemptions with respect to the Offering. Terms of the placement is to issue up to 3,846,154 flow-through units (the “FT Units”) at a price of $0.065 per FT Unit for total gross proceeds of up to $250,000 and a private placement of up to 15,000,000 non flow-through units (the “NFT Units”) at a price of $0.05 per NFT Unit for total proceeds of $750,000.  Each FT Unit will consist of one flow-through common share (a “FT Share”) and one non-flow through transferable share purchase warrant (a “FT Warrant”).  Each FT Warrant will entitle the holder to purchase one non-flow through common share (a “FT Warrant Share”) at a price of $0.10 for two years from the closing date.  Each NFT unit will consist of one common share (a “NFT Share”) and one transferable share purchase warrant (a “NFT Warrant”).  Each NFT Warrant is exercisable to purchase an additional common share (a “NFT Warrant Share”) at a price of $0.08 for a period of three years from the closing date. The private placement is subject to approval of the TSX Venture Exchange.

Spearmint Resources plans to rely upon the existing security holder exemption (the “Existing Security Holder Exemption“) found in BC Instrument 45-534 Exemption from prospectus requirement for certain trades to existing security holders (“BC Instrument 45-534“) and as further described in Multilateral CSA Notice 45-313 — Prospectus Exemption for Distributions to Existing Security Holders (published March 13, 2014) or analogous exemptions in each of the applicable permitted jurisdictions for shareholders of record as of December 7, 2017, as well as other exemptions. As at the date hereof, the Existing Security Holder Exemption is available in each of the provinces of Canada, with the exception of Newfoundland and Labrador. A finder’s fee may be paid in accordance with regulatory policies.

In addition to the Existing Security Holder Exemption and other available prospectus exemptions, a portion or all of the Offering may be completed pursuant to Multilateral CSA Notice 45-318, Prospectus Exemption for Certain Distributions through an Investment Dealer (“CSA Notice 45-318“), and the corresponding blanket orders and rules implementing CSA Notice 45-318 in the participating jurisdictions in respect thereof. As at the date hereof, the exemption available under CSA Notice 45-318 (the “Investment Dealer Exemption“) is available in each of Alberta, British Columbia, Saskatchewan, Manitoba and New Brunswick. Pursuant to CSA Notice 45-318, each subscriber relying on the Investment Dealer Exemption must obtain advice regarding the suitability of the investment from a registered investment dealer. There is no material fact or material change of the Company that has not been generally disclosed.

As required by BC Instrument 45-534 and CSA Notice 45-318, the attached table sets out the intended use of proceeds of the Offering on a percentage basis. The intended uses of proceeds and/or the Company’s development capital needs may vary based upon a number of factors.

Fund allocation is as follows:

Work program in Nevada 30%
Work on BC golden Triangle Properties and Quebec Vanadium 25%
Working capital 45 %
Total 100%

Unless the Company determines to increase the size of the Offering, if subscriptions received for the Offering based on all available exemptions exceed the Offering amount of $1,00,000, Units will be allocated pro rata amongst all subscribers qualifying under all available exemptions.

If you are an existing security holder or qualified person with respect to the Existing Security Holder Exemption or the Investment Dealer Exemption noted above and you have interest in this Offering please call or email the Company.

James Nelson, President of Spearmint states, “With this placement we will be in a position to immediately start work in Nevada on our lithium property and in Quebec on the vanadium assets. Our neighbours have had success recently on the Nevada lithium clay and brine projects and we are very optimistic about our prospects in Nevada. Our vanadium assets in Quebec are all in the vicinity of BlackRock Metal’s (private) Ilmenite Vanadium Project. We feel that lithium is at the forefront of the battery metals sector as the electric car market is exploding and that vanadium grid storage growth is in the early stages of a bull market. We look forward to a very active 2018.”

If you have any questions regarding this placement, please feel free to call or email with any inquiries.info@spearmintresources.ca or 604 646 6903.

Spearmint’s current projects include a portfolio of lithium prospects in the Clayton Valley of Nevada, comprising of two claim blocks totaling 800-acres bordering Pure Energy Minerals & Cypress Development Corp. We also have three lithium projects in Quebec, including the 4,485-acre ‘Pressiac Lithium Prospect’, the 524-acre ‘Whabouchi Lakes Lithium Prospect’, and the 2,636-acre ‘Whabouchi Lakes West Lithium Prospect’ in the vicinity of Nemaska Lithium Inc. & Critical Elements Corp.

Spearmint’s ‘Chibougamau Vanadium Prospects’ comprise of five separate claim blocks totalling 9,735-acres bordering, or in the direct vicinity of, the vanadium deposit of BlackRock Metal’s (private) Ilmenite vanadium project, Vanadiumcorp Resource Inc. and Vanadium One Energy Corp.

Spearmint’s current projects also include three areas of focus on gold in British Columbia; the ‘Golden Triangle Gold Prospects’ comprising of four separate claim blocks totaling 4,095-acres bordering GT Gold Corp, the ‘Gold Mountain Prospects’ comprising of three separate claim blocks totaling 1,245-acres bordering Barkerville Gold Mines and the 3,052 acre ‘Neba Prospect’ bordering Aben Resources Ltd. Spearmint’s 8,482 acre ‘EL North’ Nickel-Copper Prospect is a contiguous land package that includes the ‘EL North, EL North 2.

If you would like to be added to Spearmint’s news distribution list, please send your email address to info@spearmintresources.ca.

Contact Information

Tel: 1 604 646-6903
www.spearmintresources.ca

“James Nelson”
President
Spearmint Resources Inc.

Neither the TSX Venture Exchange Inc. nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this press release.

Click here to connect with Spearmint Resources (TSXV:SRJ) for an Investor Presentation.


Cameo Resources Corp. to Option Lithium Project in Quebec’s Whabouchi Lithium District

Cameo Resources Corp. (TSX-V:CRU) (OTC:SIDNF) (the “Company” or “Cameo Resources”) is pleased to report that it has entered into an agreement with Clean Commodities Corp. (the “Optionor”) whereby it may earn an 80% interest in the Dumont and Spodumene Lake Lithium Projects (the “Whabouchi Project”) located in close proximity to Nemaska Lithium Inc.

As quoted in the press release:

“The Spodumene Lake and Dumont lithium projects stand to position Cameo Resources as a large and leading player in the Whabouchi Lithium District. Through this option agreement, Cameo Resources can focus the majority of its efforts advancing a project that has already demonstrated the presence of lithium in a tier-one lithium exploration camp. We are excited that the project places us in such close proximity to institutional-backed Nemaska Lithium and provides our shareholders with lithium exploration exposure,” commented Akash Patel, President of the Company.

Click here for the full text release

Free 2017 Lithium Investment Report

Your free report includes:

  • Expert commentary
  • Stocks to buy
  • Market forecasts
Give me my free report!  


Opus One Finds New Gold Showing With Gold Grades of 7.1 g/t Over 0.5m and 2.4 g/t Over 3.1m, Fecteau Property, Urban-Barry Area, Quebec, Canada

OPUS ONE Resources Inc. (the “Company” or “OPUS ONE”) (TSX VENTURE:OOR), is pleased to announce the discovery of a new gold showing during the summer trenching program on Fecteau property in the Urban-Barry Greenstone Belt. The new showing contains an east-west quartz vein hosted in a plurimetric altered and sheared quartz porphyry (QP) unit. Mechanical stripping was carried out over a sub-cropping area discovered by prospecting last July. Over 38 metres of strike length was stripped and sampled. The structure remains open in all directions as the overburden thickness increases at both ends of the showing.

As quoted in the press release:

Mr. Louis Morin, CEO, states: “This new exciting discovery on Fecteau property is an example of the potential for successful exploration in this developing mining camp. We were already aware of the potential for gold rich VMS/Bousquet type deposit in this particular area of the Urban-Barry greenstone belt, but having coherent gold grades in association with quartz veins inside a Quartz Porphyry bring us a new vision of the possibilities for Fecteau. We look forward for our next winter’s drill program to explore this new zone as well as other high priority targets.”

Click here for the full text release

Is Trump Good for the Gold Price?


Get expert opinions in our free report.


Give me my free report!

Granada Gold Mine, Gold Property on the Cadillac Trend, in Quebec, Receives Trenching and Drilling Permit for the Aukeko Gold Mine

Granada Gold Mine (TSXV:GGM) (“Granada Gold” or the “Company”) announces that it has received a trenching and drill permit for its Aukeko property, immediately adjacent to its flagship gold property, the Granada Mine, in the province of Quebec, Canada. The company will begin with site visits to locate areas of trenching and diamond drilling. The permit has been granted for 6,000 metres of drilling.

The Company also announces the closing of its previously-announced private placement of convertible secured notes in an aggregate amount of $250,000. The notes and the common shares and warrants into which the notes are convertible are subject to a “hold period” which expires on March 22, 2018.

The Aukeko mine has had historical exploration undertaken in the late 1930’s where a shaft was sunk to 13 metres and extensive trenching was undertaken on surface. Considerable detailed mapping at that time identified several auriferous structures within a 500-metre wide, east-west trending zone with shearing, alteration and quartz veining along with numerous porphyry intrusions. Of significance is the “Auk Shear” zone where the Aukeko Shaft was sunk in conjunction with stripping and trenching in the same vicinity. This zone was mapped over a 1 kilometre length with an average width of 50 metres. The Auk Shear zone was the location of the Bert Vein where 3 bulk samples were reported to have been taken in 1938 from a trench approximately 50 -150 metres east of the Aukeko Shaft that averaged a grade of 7.0 ounces gold per ton (240.0 grams per tonne) (from public files with MERN (Ministère d’Energie et Ressources Naturelles) GM52851).

The Aukeko gold mine is part of the east-west trending structure on the Granada Gold Mine property. It is 2 kilometres east from the extended LONG Bars zone where over 120,000 metres of drilling has been undertaken to date including historical drilling from the 1990’s. A further 1.9 kilometres east is the Austin-Rouyn Mine. The potential strike length on the property is 5.5 kilometres, beginning at the western most drill hole near the historical Granada shafts and extending eastward to the historical Austin Rouynshaft where grab samples in 1940 showed up to 6.57 ounces of gold per short ton (225.2 grams per tonne). Grab samples are selected samples and are not necessarily representative of the mineralization hosted on the property. Note that there are two cross-cutting intrusive dykes of undefined width within that strike length. The potential strike length is conceptual in nature as there has been insufficient exploration to define the full length of the mineralized material and it is uncertain if further exploration will do so.

“We are expanding beyond our extended LONG Bars zone on strike going east to test the remainder of the 80 percent of unexplored mineralized structure,” stated Frank J. Basa P.Eng., President and Chief Executive Officer of Granada Gold Mine.

Qualified Person

Claude Duplessis, P. Eng., of Goldminds Geoservices Inc., a geological, environmental and mining consultant, is an independent qualified person in accordance with National Instrument 43-101, and has reviewed and approved the contents of this news release.

About Granada Gold Mine Inc.

Granada Gold Mine Inc. is developing the Granada Gold Property near Rouyn-Noranda, Quebec. The property includes the former Granada gold mine which produced more than 50,000 ounces of gold in the 1930’s before a fire destroyed the surface buildings. The highly prolific Cadillac Trend, which has been the source of more than 50 million ounces of gold produced in the past century on a line running from Val-d’Or to Rouyn-Noranda, cuts through the north part of the property.

An updated Mineral Resource Estimate and revised Block Model dated June 30, 2017, with effective date of May 16, 2017, includes the first material estimate of high-grade gold resources discovered in zones at depth immediately north of the LONG Bars Zone open-pit deposit.

An initial Inferred underground resource of 10,386,500 tonnes grading 4.56 g/t Au at a cut-off grade of 1.5 g/t (1.5 million oz. Au) has been outlined along 600 meters of strike, north of the original near-surface discovery at Granada. Open-pit-constrained resources have 625,000 ounces Measured at 1.14g/t Au and 182,700 ounces Indicated at 1.26 g/t Au with a cut-off grade of 0.39 g/t Au (807,700ounces M&I at 1.16 g/t Au) representing a major increase in Block Model estimates for Granada vs. 2012 Block Model.

The Company has obtained all necessary permits for the initial mining phase known as the “Rolling Start” for which stripping has already begun, and has been conducting exploration drilling in order to expand the reported mineral resource for the property. Additional information is available at www.granadagoldmine.com.

“Frank J. Basa”

Frank J. Basa P. Eng.
President and Chief Executive Officer

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.Contact:

Click here to connect with Granada Gold Mine (TSXV:GGM) to receive an Investor Presentation


Focus Graphite Launches Phase III Drilling at its 100%-owned Lac Tétépisca Flake Graphite Project, Québec

Focus Graphite Inc. (TSXV:FMS) (OTCQX:FCSMF) (FSE:FKC) (“Focus” or the “Company”) is pleased to announce the commencement of Phase III drilling at the Company’s wholly owned Lac Tétépisca Flake Graphite Project (“the Project”) located southwest of the Manicouagan reservoir in the Côte-Nord administrative region of Québec. Phase III drilling continues to target the “Manicouagan-Ouest Graphitic Corridor” (MOGC), a 2.0 km-long graphite bearing structure mapped by the Company through prospecting, mechanical trenching and combined ground magnetic (MAG)-EM geophysical surveying from 2012 to 2014.

Phase I drilling conducted in 2014 tested a 600-m section of the MOGC with 16 holes (total: 1,873 m) positioned along four sections spaced 200 m apart. In 2016, the Company completed a second phase of infill and extension drilling on the MOGC which included 18 HQ-diameter holes (total: 2,424 m) drilled along four fences, completing the 200-m line spacing pattern in the extent of the MOGC, plus five (5) additional infill holes drilled at a 100-m spacing between 2014 fences. Fifteen (15) holes from the Phase II program intersected significant graphitic mineralization with grades ranging from 5.6% graphitic carbon (Cg) to 19.35% Cg over a minimum true thickness of 6.2 m (refer to Focus news release dated January 20, 2017, available at www.focusgraphite.com).

Phase III drilling commenced on November 17 using two drills rigs. Thirty-eight (38) HQ-diameter holes are planned (total: 5,750 m). The drilling is designed to further test the continuity, thickness and grade of the main graphitic mineralization within the MOGC at a 50-m hole spacing over a segment of 0.9 km and down to a vertical depth of 150 m. The large diameter drilling is also designed to provide graphite mineralization material to continue with pilot plant metallurgical testwork.

Gary Economo, President and CEO of Focus states: “By the end of this year, Focus will have investigated a 1.4 km segment of the Manicouagan-Ouest Graphitic Corridor (MOGC) with an anticipated total of 9,800 m of systematic large diameter core drilling. The information gathered from the three drilling programs will then be combined to generate an initial mineral resource estimate on the highest-grade section of the MOCG by Q3 2018, which will then form the basis for the preparation of a Preliminary Economic Assessment (PEA) on the Project.”

The fall 2017 exploration program at Lac Tétépisca is designed and operated by IOS Services Géoscientifiques of Chicoutimi, Québec, under the supervision of the Table Jamésienne de Concertation Minière (TJCM) of Chibougamau, Québec. The core drilling contractor is Chibougamau Diamond Drilling Ltd. of Chibougamau, Québec. Focus has earmarked a budget of $1.35 million for the fall exploration program.

Sample preparation will be provided by IOS, while assaying will be provided by the Consortium de Recherche en Traitement de Minerais (COREM) of Québec City. All core will be assayed for graphitic carbon and total sulfur, with an additional 10% of all samples to be assayed for total carbon, inorganic carbon, organic carbon and metallic trace elements. Quality control, monitored by an IOS chemist, will consist of 15% reference materials, including blank samples, certified and internal reference material, as well as 10% duplicates to be assayed by Activation Laboratories of Ancaster, Ontario.

About the Lac Tétépisca Flake Graphite Project

Focus’ 100%-owned Lac Tétépisca graphite property is comprised of 69 contiguous map-designated claims cells (“CDC”) forming a polygon with an area of 3,720.9 ha located on the southwest shore of the Manicouagan reservoir (NTS sheets 22N-03 and 22N-06), in the Côte-Nord administrative region of northeastern Québec. The project area is located 234 km north-northwest of the city of Baie-Comeau and is accessible year-round by logging roads which start from Route 389.

The MOCG is hosted in meta-sedimentary rocks of the Nault Formation, which is part of the Gagnon Group. The graphite-bearing outcrops within the corridor are composed of fine to medium grained quartz-feldspar-biotite schists with local occurrences of garnet and kyanite. Fine to coarse graphite flakes and associated sulphides compose 10% to 20% of the rocks, and up to 50% in strongly mineralized zones.

A map of the Lac Tétépisca project is available on the Company’s website at www.focusgraphite.com.

Qualified Persons

Mr. Réjean Girard, P.Geo., President of IOS Services Géoscientifiques Inc. and a Qualified Person under National Instrument 43-101 – Standards of Disclosure for Mineral Projects – has reviewed and approved the technical content of this news release.

Mr. Marc-André Bernier, M.Sc, P.Geo. (Québec and Ontario), a Director of the Company and a Qualified Person under National Instrument 43-101 – Standards of Disclosure for Mineral Projects, has reviewed and approved the non-technical content of this news release.

About Focus Graphite

Focus Graphite Inc. is an advanced exploration and mining company with an objective of producing graphite concentrate at its wholly owned Lac Knife flake graphite deposit located 27 km south of Fermont, Québec. In a second stage, to meet Quebec stakeholder interests of transformation within the province and to add shareholder value, Focus is evaluating the feasibility of producing value added graphite products including battery-grade spherical graphite.

Focus Graphite is a technology-oriented graphite mining development company with a vision for building long-term, sustainable shareholder value. Focus also holds a significant equity position in graphene applications developer Grafoid Inc.

For more information about Focus Graphite, please visit www.focusgraphite.com.

FORWARD LOOKING STATEMENTS: This news release contains forward-looking statements, which relate to future events or future performance and reflect management’s current expectations and assumptions. Such forward-looking statements reflect management’s current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward-looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at www.sedar.com).

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 accuracy of this release.

Contact:

Focus Graphite Inc.
Mr. Gary Economo
Chief Executive Officer
+1-613-241-4040
geconomo@focusgraphite.com
www.focusgraphite.com

Click here to connect with Focus Graphite Inc. (TSXV:FMS) to receive an Investor Presentation


Potash Ridge Signs Non-Binding LOI with Canada Coal for Valleyfield Fertilizer Assets in Quebec

Potash Ridge (the “Company”) (TSX:PRK) announces that it has signed a non-binding Letter of Intent (“LOI”) with Canada Coal Inc. (“TSX-V:CCK”) to potentially purchase, joint venture or otherwise complete such other form of transaction that may be mutually acceptable to the parties for the assets of Valleyfield Fertilizer Corporation.

The LOI contains no proposed terms or compensation for any potential transaction between the two parties. The LOI provides for a 90-day period of exclusivity, which will allow both parties to exchange information and maintain confidentiality as each party seeks to determine whether mutually beneficial business opportunities may exist.

The Company will update the market if and when the relationship with PRK advances to anything more material, or if the LOI terminates (whether by mutual agreement or upon the expiry of the 90-day term). Should any specific transaction be agreed to among the parties, the issuer may be subject to additional requirements pursuant to regulatory policies.

Click here to read the full text release.


Yorbeau Reports Positive Preliminary Economic Assessment of Scott Zinc-Copper Deposit in Quebec

Yorbeau Resources Inc. (TSX:YRB) (the “Company” or “Yorbeau”) is pleased to announce results of a Preliminary Economic Assessment (“PEA”) prepared by Normand Lécuyer, P.Eng. and Jeff Sepp P.Eng. of Roscoe Postle Associates Inc. (“RPA”).

As quoted in the press release:

“We are very excited about the results of the PEA study on Scott, which provides a strong, initial foundation for eventual development of a new mine in the Chibougamau camp.” stated Dr. Gérald Riverin, Yorbeau’s President. “The ideal location of the project in an area already blessed with all necessary infrastructure has led to maintaining infrastructure capital costs to a relatively low level when compared to similar zinc projects. The horizontal widths and favorable geometry of the mineralized zones support the use of low cost long hole mining methods which had a big positive impact on the results of the study. Yorbeau is now in a position to evaluate a number of options to develop the Scott deposit.”

Click here for the full text release


Positive Preliminary Economic Assessment Achieved for the Lac Dore Vanadium Project, Chibougamau, Quebec

VanadiumCorp Resource (TSX-V: “VRB”) (the “Company”) is pleased to announce the positive findings of an independent Preliminary Economic Assessment (‘PEA’) for its 100%-owned Lac Dore Vanadium Project situated 30 kilometers southeast of Chibougamau, Quebec. The project is to produce vanadiferous titanomagnetite (VTM, magnetite) concentrate from the Lac Doré deposit, which will either be processed using the Company’s VanadiumCorp-Electrochem technology or marketed to third parties.

Adriaan Bakker, VanadiumCorp’s President and Chief Executive Officer commented:

“We are very pleased with the results of this Preliminary Economic Assessment, which clearly establishes Lac Dore as one of the premier undeveloped vanadium resources, located in a favorable jurisdiction for mining development.

The PEA illustrates robust economics and marks a significant milestone for VanadiumCorp to continue to advance Lac Dore towards production. The base case shows that Lac Dore could generate more than CDN $1.4 Billion in pre-tax net cash flows and deliver life-of-mine, after-tax net present value of CDN$ 814 million.

Click here to read the full text release. 

Is Trump Good for the Gold Price?


Get expert opinions in our free report.


Give me my free report!

Azimut and Partners obtain Additional High-Grade Gold Results from Eleonore South, James Bay region, Quebec Français

Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) is pleased to report additional high-grade gold results from surface prospecting on the Eleonore South JV Property in the James Bay region of Quebec. The best grab samples yielded very high grades: from 833 g/t Au to 1,500 g/t Au on boulders and up to 26.1 g/t Au on outcrops. These results may represent the direct strike continuity of the high-grade Moni Prospect discovery announced on October 17, 2017, which includes the following channel samples: 79.6 g/t Au over 4.25 m and 79.5 g/t Au over 5.87 m.

As quoted in the press release:

These new results were obtained from follow-up work along the 1.8-km-long highly prospective NE-SW trend (the “Moni Trend”)outlined on the Property. Extensive and systematic work will be undertaken during the next field programs to thoroughly evaluate the exciting potential of this target area.

During this recent prospecting phase, a total of 20 grab samples were collected in two areas (101 Prospect, Trench Prospect). Grab samples are selective by nature and unlikely to represent average grades. Eleven rock samples assayed grades higher than 1.0 g/t Au, including 8 with grades above 15.0 g/t Au.

Click here for the full text release

Is Trump Good for the Gold Price?


Get expert opinions in our free report.


Give me my free report!

Quebec Iron Ore Confirms the Bloom Lake Mine Restart in Fermont and the Creation of 450 Quality Jobs Français

At a press conference held earlier today, Quebec Iron Ore (“QIO”), a Champion Iron Limited (ASX: CIA) (TSX: CIA) (“Champion”) subsidiary, confirmed the March 2018 restart of the Bloom Lake Iron Ore Mine (“Bloom Lake”), located near Fermont, Quebec.

After acquiring Bloom Lake in April 2016, QIO has secured the necessary funding and has been upgrading and optimizing the facilities, procuring offtake partners and forming mutually beneficial alliances with the host community. QIO is also proud to announce it is in the process of swiftly hiring more than 450 men and women who will participate in the Bloom Lake restart.

 Executive Chairman of the Board and CEO of QIO and Champion, Michael O’Keeffe said:

“The project especially required an unprecedented commitment from many partners, without whom none of this would have been possible: administrators, investors, government, partners, suppliers, union and employees.

I want to sincerely thank each and every one of them. Today, the eyes of the world are focused on an iron of exceptional quality, one of the best on the planet. And it’s right here.”

Click here to read the full text release. 

“Do You Want To Know which Base Metal to Invest in 2017?”

Find out everything an investor needs to know about base metals with our all-in-one FREE market report on base metals investments.   Get My Free Report

Northern Superior Demonstrates Continuity of Alteration and Mineralization within High Grade Gold Shoots, Croteau Est Project, Québec

Northern Superior Resources Inc. (“Northern Superior” or the “Company”) (TSXV: SUP) (OTCQB: NSUPF),is pleased to report results from the recently completed Phase II drill program (October, 2017) at its 100% owned Croteau Est Gold Property in Québec. This drill program was designed to test continuity of mineralization associated with structurally controlled high grade, gold-bearing shoots contained within the Croteau Bouchard Shear Zone (“CBSZ”). Results from this drill program and those derived from a televiewer borehole survey on the Phase II drill holes, will dictate the drilling strategy for a more extensive Phase III program, intended to increase the existing Inferred Resource. Phase II drilling consisted of seven infill holes totalling 2,823.5 metres (“m”) with an average depth of 403.4m.

 

Highlights of the Phase II Drill Program:

 

  • High grade intersections of up to 72.90 g/t gold over 0.70m;

 

  • High grade widths of up to 11.06 g/t gold over 9.10m (including 43.75 g/t gold over 2.00m);

 

  • Mineralized widths of up to 1.99 g/t gold over 34.65m (including 9.46 g/t gold over 2.35m);

 

  • Several previously unrecognized mineralized zones;

 

  • Longitudinal and lateral continuity of mineralization from the current holes to Northern Superior’s previously completed holes;

 

  • Identification of a second and important source of mineralization associated with “flat-lying” quartz veins that were untested by previous drill programs due to the orientation of the drill – these vein swarms have the potential to add significant ounces to the current Inferred Resource; and;

 

  • Further evidence of high grade mineralization occurring >400 m vertical depth within the CBSZ was defined: 7.50 g/t gold over 7.95m including 56.40 g/t gold over 1.00m between 489.90m to 497.85m; see Photo 1

 

Table 1. Key Assay Summary, Phase II Drill Program, Croteau Est Property

 

Drillhole Depth Interval Au g/t   Assay Length (m)
From (m) To (m)
CRO17-90 4.50 23.70 1.38 + 19.20
including 8.55 9.40 3.87 * 0.85
including 20.50 21.80 12.30 * 1.30
CRO17-90 195.20 229.85 1.99 + 34.65
including 196.20 198.55 9.46 * 2.35
CRO17-91 129.55 130.41 4.13 * 0.86
CRO17-91 229.15 230.15 6.67 * 1.00
CRO17-91 242.25 243.25 10.70 * 1.00
CRO17-91 278.00 279.00 4.18 * 1.00
CRO17-92 151.00 152.95 5.73 + 1.95
including 151.00 151.97 10.30 * 0.97
CRO17-92 212.00 213.00 6.29 * 1.00
CRO17-93 186.90 191.75 2.78 + 4.85
CRO17-93 249.00 253.90 2.12 + 4.90
including 250.90 252.00 8.39 * 1.10
CRO17-93 373.30 376.40 2.07 3.10
CRO17-94 489.90 497.85 7.50 + 7.95
including 495.85 496.85 56.40 * 1.00
CRO17-95 153.00 162.10 11.06 + 9.10
including 158.20 160.20 43.75 * 2.00
CRO17-96 161.65 165.45 15.67 + 3.80
including 163.75 164.45 72.90 * 0.70
CRO17-96 276.60 292.00 1.33 + 15.40
including 276.60 277.75 11.15 * 1.15
CRO17-96 358.00 389.85 1.21 + 31.85
including 368.00 373.30 3.59 + 5.30
* gravimetric assay
+ partial gravimetric assay

Photo 1. Irregular Clusters of Coarse Anhedral Gold in CRO17-094: 496.10m

To view the graphic in its original size, please click here

 

 

Dr. T.F. Morris, President and CEO of Northern Superior states: “Results from the Phase II drilling at Croteau exceeded our expectations beyond the originally intended goal of demonstrating structural continuity of mineralization associated with several high grade, gold-bearing shoots known to be embedded within the CBSZ. We look forward to building on the success of the Phase II program with the next phase of drilling.”

 

Phase III Drill Program

 

Phase III drilling has been initiated. The program will consist of approximately 14 holes or 4,700m of core drilling. Drilling will focus on stepping out proximal to high grade intervals and building on these results to further enhance our understanding of the geometry and grade of the high grade, gold-bearing shoots. The focus of the Phase III drilling will remain on the upper 400m of the currently defined Inferred Resource for the CBSZ in order to provide a coherent block model as a basis for an updated Inferred Resource calculation.

 

About Northern Superior Resources Inc.

 

Northern Superior is a reporting issuer in British Columbia, Alberta, Ontario and Québec, and trades on the TSX Venture Exchange under the symbol SUP, and the OTCQB Venture Market under the symbol NSUPF. The Company is currently focused on exploring its 100% owned Croteau Est (Québec) and Ti-pa-haa-kaa-ning (Northwestern Ontario) properties. Northern Superior is currently looking to option out its other 100% owned mineral properties in Québec and Northwestern Ontario.

 

Qualified Person

 

The Company’s Qualified Person (“QP”) for the Croteau Est property is Ron Avery (P.Geo.). As the QP for the Croteau Est project, Mr. Avery has approved information disclosed in this press release.

 

For further information please visit the Company’s website at www.nsuperior.com or contact:

 

Thomas F. Morris P.Geo., PhD., FGAC

President and CEO

Tel: (705) 525 ‐0992

Fax: (705) 525 ‐7701

e‐mail: info@nsuperior.com

www.nsuperior.com

 

Cautionary Note Regarding Forward-Looking Statements

 

This Press Release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and similar expressions are intended to identify forward-looking statements. Such statements reflect our current views with respect to future events and are subject to such risks and uncertainties. Many factors could cause our actual results to differ materially from the statements made, including those factors discussed in filings made by us with the Canadian securities regulatory authorities. Should one or more of these risks and uncertainties, such actual results of current exploration programs, the general risks associated with the mining industry, the price of gold and other metals, currency and interest rate fluctuations, increased competition and general economic and market factors, occur or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. We do not intend and do not assume any obligation to update these forward-looking statements, except as required by law. Shareholders are cautioned not to put undue reliance on such forward-looking 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.


Wallbridge Intersects 237.81 g/t Gold over 7.02 metres with Step-Out Drilling on the Fenelon Gold Property in Quebec

Wallbridge Mining Company Limited (TSX:WM, FWB: WC7) (“Wallbridge”) is pleased to announce initial assay results from its third round of exploration drilling on the 100% owned Fenelon Gold property (“Fenelon”) in Quebec. Results are reported for an initial three drill holes (FA-17-25, FA-17-26, and FA-17-27). Results for another six holes are pending. Mineralization remains open along strike and to depth and follow-up drilling is planned as part of the pending bulk sample for which permits are expected this year.

Highlights

  • Drill hole FA-17-26 intersected two significant mineralized intervals including 237.81 g/t gold over 7.02 metres from 139.83 metres downhole within the Viper Zone, stepping-out below the previous FA-17-07 and FA-17-17 intersections.
  • Drill hole FA-17-27 intersected 122.25 g/t gold over 4.73 metres from 130.12 metres downhole within the Habanero Zone with a higher-grade sub-interval of 362.83 g/t gold over 1.54 metres.
  • FA-17-25 intersected two significant mineralized intervals including 4.20 g/t gold over 9.29 metres from 118.04 metres downhole with a higher-grade sub-interval of 7.83 g/t gold over 4.58 metres.

To date, thirty-three exploration drill holes totaling 6,348 metres have been completed at Fenelon in 2017. The current drilling followed-up previous 2017 Wallbridge drilling on the west extension target where drill hole FA-17-07 intersected three mineralized zones including 141.16 g/t gold over 7.06 metres in the Viper Zone (see Wallbridge press release dated April 18, 2017) and FA-17-17 intersecting four mineralized zones including 311.08 g/t gold over 3.06 metres, also in the Viper Zone (see Wallbridge press release dated September 5, 2017).

“We continue to be pleasantly surprised by the drill results from Fenelon,” stated Marz Kord, President and CEO of Wallbridge. “We knew when we purchased the property that there was room to expand the resource, but to get holes grading in excess of 100 grams over mineable widths in each of our first three programs is truly remarkable. To date our drilling has been limited to targets at shallow depth near the existing ramp and we are really just scratching the near surface potential.”

“We have applied for permits for an underground bulk sample which we hope to receive shortly. This will allow us to dewater the existing ramp and extend development down to 5150 level (100 metres from surface) from which point we can assess the nature of the high grade mineralization by extracting around 35,000 tonnes of ore. This development will also provide a platform from which to drill the extensions of the deposit to depth, as well as to evaluate a number of other targets that offer the potential for existence of new high-grade zones.”

“These current results provide evidence that the Fenelon Gold property hosts additional high-grade mineralization. Due to their proximity to the existing development, we believe that with additional drilling we will be able to convert these into resources and ultimately reserves. Our immediate focus is the completion of the bulk sample in 2018 as well as increasing the mineral resources and reserves by exploring extensions of the known deposit and testing other targets on the property.”

A summary of the assay results from this third round of exploration drilling are reported in Table 1 and 2 and also shown on Figures 1, 2, 3, and 4, below. Additional information is available on Wallbridge’s website at http://www.wallbridgemining.com/s/fenelon.asp.

Table 1. Fenelon exploration drilling assay results.

Drill Hole

From

To

From

To

Length*

Au

Au Capped**

VG***

Zone

(m)

(m)

(m)

(m)

(m)

(g/t)

(g/t)

FA-17-25

32.06

32.65

0.59

8.10

8.10

VG

Cayenne

118.04

127.33

9.29

4.20

4.20

VG

Habanero

Including…

122.75

127.33

4.58

7.83

7.83

VG

Habanero

151.26

154.57

3.31

0.41

0.41

Viper

FA-17-26

16.10

22.12

2.47

1.23

1.23

New Zone

Including…

16.10

16.57

0.47

4.87

4.87

New Zone

139.83

146.85

7.02

237.81

72.65

VG

Viper

FA-17-27

130.12

134.85

4.73

122.25

22.46

VG

Habanero

FA-17-27

Including…

130.56

132.10

1.54

362.83

56.34

VG

Habanero

FA-17-28

Visible Gold Identified, Assays Results Pending

FA-17-29

Assays Results Pending

FA-17-30

Visible Gold Identified, Assays Results Pending

FA-17-31

Assays Results Pending

FA-17-32

Visible Gold Identified, Assays Results Pending

FA-17-33

Assays Results Pending

*Drill core length. The true width is 66-78 % of the drill core length.

**Au capped at 140 g/t following InnovExplo’s 2016 Mineral Resource Estimate.

***Intervals containing visible gold (“VG”).

Figure 1. Photo of gold intersection in Fenelon Drill Hole FA-17-26
http://www.wallbridgemining.com/i/photos/20171109_Fig_1.jpg

Figure 2. Fenelon plan view showing recent drill holes.
http://www.wallbridgemining.com/i/pdf/20171109_Fig_2.pdf

Figure 3. Fenelon composite long section showing recent drill holes.
http://www.wallbridgemining.com/i/pdf/20171109_Fig_3.pdf

Figure 4. Fenelon detailed long section showing west extension target.
http://www.wallbridgemining.com/i/pdf/20171109_Fig_4.pdf

Wallbridge acquired Fenelon in October 2016 and released positive results from a pre-feasibility study earlier this year (see Wallbridge press release dated March 6, 2017). In addition to ongoing exploration to expand the resource, Wallbridge received a Certificate of Non-Liability (Attestation de Non-Assujettissement) from the Government of Quebec for the dewatering of the pit and ramp and a 35,000 tonne bulk sample and has submitted an application for a certificate of authorization (“C of A”) from the regional authority responsible for issuing permits. The underground bulk sample at Fenelon is expected to commence before the end of 2017.

Table 2. Fenelon Gold Property drill hole information.

Drill Hole ID

UTM E

UTM N

Elevation

Length (Metres)

Azimuth

Dip

FA-17-25

670482

5542115

262

180

23

-66

FA-17-26

670482

5542115

262

180

36

-67

FA-17-27

670482

5542115

262

180

37

-67

FA-17-28

670405

5542132

262

155

38

-54

FA-17-29

670405

5542131

262

165

35

-61

FA-17-30

670405

5542131

262

171

28

-61

FA-17-31

670404

5542132

262

162

18

-53

FA-17-32

670404

5542132

262

165

3

-48

FA-17-33

670404

5542132

262

168

8

-62

Drill core samples from the recent drill programs at Fenelon were cut and bagged on site and transported to ALS Chemex. Samples, along with standards, blanks, and duplicates included for quality assurance and quality control, were prepared and analyzed at ALS Chemex Ltd. laboratories. Samples are crushed to 90% less than 2mm. A 1kg riffle split is pulverized to >95% passing 106 microns. 50g samples are analyzed by fire assay and AAS. For samples >100g/t Au, 50g is automatically analyzed by fire assay with gravimetric finish which are reported as final assays. To test for coarse free gold and for additional quality assurance and quality control, Wallbridge requests screen metallic analysis for samples >10g/t Au or containing visible gold. These and future assay results may vary from time to time due to re-analysis for quality assurance and quality control.

The Qualified Person responsible for the technical content of this press release is Attila Pentek, P.Geo., Ph.D., Senior Geologist for Wallbridge Mining Company Limited. Mr. Pentek has prepared, supervised and approved the scientific and technical disclosures in this press release.

About Wallbridge Mining

Wallbridge is establishing a pipeline of projects that will support sustainable production and revenue as well as organic growth through exploration and scalability.

Wallbridge is currently preparing to develop its 100%-owned high-grade gold Fenelon Gold Property in Quebec with ongoing exploration and a bulk sample targeted to start in 2017. Wallbridge is also in discussions regarding several other advanced stage projects which could become the Company’s next mines. These discussions benefit from the operating capabilities Wallbridge demonstrated by safely and efficiently mining the Broken Hammer deposit in Sudbury, which was completed in October 2015. Wallbridge is also continuing partner-funded exploration on its large portfolio of nickel, copper, and PGM projects in Sudbury, Ontario, with a focus on its high-grade Parkin project.

Wallbridge also has exposure to active exploration for copper and gold in Jamaica and British Columbia through its 12.7% ownership of Carube Copper Corp. (CUC:TSX-V, formerly Miocene Resources Limited).

This press release may contain forward-looking statements (including “forward-looking information” within the meaning of applicable Canadian securities legislation and “forward-looking statements” within the meaning of the US Private Securities Litigation Reform Act of 1995) relating to, among other things, the operations of Wallbridge and the environment in which it operates. Generally, forward-looking statements can be identified by the use of words such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Wallbridge has relied on a number of assumptions and estimates in making such forward-looking statements, including, without limitation, the costs associated with the development and operation of its properties. Such assumptions and estimates are made in light of the trends and conditions that are considered to be relevant and reasonable based on information available and the circumstances existing at this time. A number of risk factors may cause actual results, level of activity, performance or outcomes of such exploration and/or mine development to be materially different from those expressed or implied by such forward-looking statements including, without limitation, whether such discoveries will result in commercially viable quantities of such mineralized materials, the possibility of changes to project parameters as plans continue to be refined, the ability to execute planned exploration and future drilling programs, the need for additional funding to continue exploration and development efforts, changes in general economic, market and business conditions, and those other risks set forth in Wallbridge’s most recent annual information form under the heading “Risk Factors” and in its other public filings. Forward-looking statements are not guarantees of future performance and such information is inherently subject to known and unknown risks, uncertainties and other factors that are difficult to predict and may be beyond the control of Wallbridge. Although Wallbridge has attempted to identify important risks and factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors and risks that cause actions, events or results not to be as anticipated, estimated or intended. Consequently, undue reliance should not be placed on such forward-looking statements. In addition, all forward-looking statements in this press release are given as of the date hereof.

Wallbridge disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, save and except as may be required by applicable securities laws. The forward-looking statements contained herein are expressly qualified by this disclaimer.

Click here to connect with Wallbridge Mining Company Limited (TSX:WM, FWB: WC7) for an Investor Presentation


IAMGOLD Provides Update on the Monster Lake Project, Quebec

IAMGOLD Corporation (“IAMGOLD” or the “Company”) today announced assay results from the summer 2017 drilling program completed at its Monster Lake joint venture project located 50 kilometres southwest of Chibougamau, Quebec, Canada.  The company is reporting the assay results from three drill holes, totaling 1,836 metres, completed at the end of July.

As quoted in the press release:

Craig MacDougall, Senior Vice President, Exploration for IAMGOLD, stated: “These new assay results will be incorporated into the deposit model to better understand the resource potential of both the Megane zone and the Lower zone. The structural setting suggests favourable potential for the occurrence of additional mineralized shoots along this major structural corridor.”

Click here for the full text release

Is Trump Good for the Gold Price?


Get expert opinions in our free report.


Give me my free report!

LGC Capital Signs Cannabis Deal In Quebec

LGC Capital (TSXV:LG) signed an option with a Quebec-based company to acquire 49 percent interest, and a five percent royalty, for a cannabis processing facility set to be built in Quebec.

As quoted in the press release:

Subject to permitting, the AAA Trichomes processing facility will be one of the first enclosed multi-level medical cannabis producers in Quebec. Trichomes is scheduled to start operations in 2019 with an initial annual production rate of over 2,500 kilograms reaching a planned production rate of over 20,000 kilograms by 2021.

Under the terms of the exclusive option agreement, LGC plans to fund the building of the facility by way of a $4 million fully secured convertible debenture bearing interest at the rate of 10% per annum. Upon the facility being approved for cannabis cultivation and production, the debenture will automatically be converted to a 49% holding in the issued common share capital of Trichomes as well as a 5% royalty on all net sales of cannabis products.

Click here to read the full press release.


Aurora Cannabis Obtains Cultivation License for Quebec Facility

Aurora Cannabis (TSX:ACB; OTCQX:ACBFF) announced their 40,000 square foot, yield-optimized indoor production facility in Quebec received its cultivation license from Health Canada.

As quoted in the press release:

The newly licensed facility, to be known as “Aurora Vie”, makes Aurora only the second licensed producer in Quebec, Canada’s second most populous province, with more than 8.2 million people.

Aurora Vie was acquired in April, 2017 for $7 million, at which time it was approximately 80% complete. The facility has since been completed, with approximately $3 million in configuration and technology upgrades specifically designed to meet European Union (EU) Good Manufacturing Practices (GMP) certification standards. Aurora Vie has a projected cultivation capacity of approximately 4,000 kg of high quality cannabis per year, and features many cultivation and automation technologies the Company will also be implementing at its 800,000 square foot Aurora Sky facility under construction at Edmonton International Airport.

Click here to read the full press release.


Berkwood Acquires The Roscoe Vanadium Property, Quebec

Berkwood Resources Ltd. (TSXV:BKR, FSE: BK2, WKN: A110N3) (“Berkwood” or the “Company”) is pleased to announce that it has acquired the Roscoe Vanadium Property in the Cote-Nord area, Quebec. The Roscoe Property (the “Project”) comprises forty (40) claims totalling 2,189.19Ha (21.89km2) in an area of known iron-titanium-vanadium mineralization and features certain historic work and more recent airborne geophysical surveys. The Project property is easily accessible by main and secondary (dirt logging) roads and is located about 250km north of the Baie-Comeau municipality. Berkwood is acquiring The Roscoe Vanadium Project by payment to 1129961 B.C. Ltd of 1,500,000 common shares and $15,000. Berkwood will own 100% of the property with no royalties attached. The transaction remains subject to TSX-V approval.

Work in the recent past (2012) has identified magmatic Fe-Ti+V oxide mineralization hosted in layered mafic intrusive rocks: limited rock sampling (11 samples) has returned results up to 1,180ppm V and 2,330ppm V (MRN, 2012) at two showings located on the Property. The distribution of magnetic ilmenite and titaniferous magnetite rich units and their layered host rocks are expected to have a distinct geophysical signature. Regional magnetic survey shows possible extensions to the showings that could be connected as indicated by the survey. The acquired claims are very well distributed for coverage of the known prospects and magnetically traced host units.

The Company is pleased to acquire this initial vanadium prospect. Berkwood believes that vanadium is on the cusp of widespread adoption as the element of choice for an emerging grid-scale battery technology (the Vanadium Redox Flow Battery, refer http://www.visualcapitalist.com/vanadium-energy-storage-metal/ ), and which is presently the core technology for the worlds largest grid scale battery (200MW, 800MWh, presently in construction in Dalian, China; refer http://www.engineering.com/DesignerEdge/DesignerEdgeArticles/ArticleID/12312/Massive-800-MegaWatt-hour-Battery-to-Be-Deployed-in-China.aspx ).

Tom Yingling, President and CEO stated “we are thrilled to have located the Roscoe property as it begins to fill our ambition of including vanadium in our portfolio of the essential energy storage commodities. Vanadium used in flow batteries requires high quality primary sources of vanadium, and early chemical indications are that the Project has great potential and is located in the same great mining jurisdiction as our other compelling battery commodity projects”.

Qualified Person: Isabelle Robillard, P.Geo OGQ, a Qualified Person (“QP”) as defined by National Instrument 43-101 guidelines, has reviewed and approved the technical content provided in this news release.

About the Company: Berkwood is engaged in exploration for the commodities that enable the modern revolution in essential technologies. These technologies are dependent upon materials that enhance the performance of energy storage systems and permit the development and miniaturization of new electronics and structural components in the new suite of innovative tools. The Company is led by a team with collectively over 100 years experience and have been involved with numerous discoveries of producing mines.

On Behalf of the Board of Directors

Berkwood Resources Ltd.

‘Thomas Yingling’

President, CEO & Director

FOR MORE INFORMATION, PLEASE CONTACT:

Investor Relations:
info@berkwoodresources.com or 1-778-945-2935 www.berkwoodresources.com

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 News Release.

Disclaimer for Forward-Looking Information:

Certain statements in this release are forward-looking statements, which reflect the expectations of management. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. These forward-looking statements reflect management’s current views and are based on certain expectations, estimates and assumptions, which may prove to be incorrect.

Click here to connect with Berkwood Resources Ltd. (TSXV:BKR) to receive an Investor Presentation

 


Champion Iron Subsidiary Quebec Iron Ore Signs Rail and Port Access Agreement With Societe Ferroviaire et Portuaire de Pointe-Noire

Champion Iron (ASX: CIA) (TSX: CIA) (the “Company,” or “Champion”) is pleased to announce that its subsidiary Québec Iron Ore Inc. (“QIO”) has entered into a rail transportation and port-facilities access agreement (the “Agreement”) with the Société Ferroviaire et Portuaire de Pointe-Noire (“SFPPN”) for the transportation, unloading, stockpiling and loading of iron ore concentrate from Sept-Iles to Pointe-Noire, Québec.

Michael O’Keeffe, Chairman and Chief Executive Officer of Champion and QIO said:

“We are very pleased to have signed a rail transport and port-facilities agreement with SFPPN as this provides us with a key component in our logistics strategy, which will ensure long-term access to some of the world’s largest consumers of iron ore for our future high-quality product.

The signing of this agreement also marks yet another significant milestone in the Bloom Lake restart.”

Champion previously announced (See June 20, 2017 press release) that QIO had entered into an agreement for the rail transportation of iron ore from its Bloom Lake property to Sept-Iles.

Click here to read the full text release.

“Do You Want To Know which Base Metal to Invest in 2017?”

Find out everything an investor needs to know about base metals with our all-in-one FREE market report on base metals investments.   Get My Free Report

Wallbridge Resumes Drilling Following High-Grade Results at Fenelon Gold Property in Quebec

Wallbridge Mining Company Limited (TSX:WM, FWB:WC7) is pleased to announce that it has resumed surface exploration drilling on the 100% owned Fenelon Gold property (“Fenelon“) in Quebec. Drilling is focused on further expanding the deposit following the high-grade gold results intersected earlier in the year and in lead up to underground exploration drilling concurrent with the underground bulk sample expected to begin later this fall.

Year to date and since acquisition in October 2016, Wallbridge has completed 24 surface exploration drill holes totaling 4,808 metres drilling. Fourteen of these drill holes intersected significant intervals of gold mineralization, including multiple parallel zones, outside of the 5.0 g/t gold grade shell of the previously established resource estimate. Highlights from recent drilling include drill hole FA-17-07 which intersected 141.16 g/t gold over 7.06 metres and FA-17-17 which intersected 346.55 g/t gold over 3.06 metres (see Wallbridge press release September 5, 2017).

“Our goal with this next round of drilling is to further evaluate and expand the deposit’s west extension where holes FA-17-07 and FA-17-17 noted above were drilled,” stated Marz Kord, President and CEO of Wallbridge. “We also continue to make progress with permitting of the bulk sample at Fenelon which will also enable us to commence underground drilling.”

Drill core samples from the recent drill programs at Fenelon were cut and bagged on site and transported to ALS Chemex. Samples, along with standards, blanks, and duplicates included for quality assurance and quality control, were prepared and analyzed at ALS Chemex Ltd. laboratories. Samples are crushed to 90% less than 2mm. A 1kg riffle split is pulverized to >95% passing 106 microns. 50g samples are analyzed by fire assay and AAS (for samples returning >100g/t Au, 50g is automatically analyzed by fire assay with gravimetric finish). For samples >10g/t Au or samples containing visible gold, Wallbridge requests screen metallic analysis of the remaining pulverised split to test for coarse free gold. Several screen metallic analysis are still pending. Reported assay results may vary from time to time due to re-analysis for quality assurance and quality control.

The Qualified Person responsible for the technical content of this press release is Attila Pentek, P.Geo., Ph.D., Senior Geologist for Wallbridge Mining Company Limited. Mr. Pentek has prepared, supervised and approved the scientific and technical disclosures in this press release.

About Wallbridge Mining

Wallbridge is establishing a pipeline of projects that will support sustainable production and revenue as well as organic growth through exploration and scalability.

Wallbridge is currently preparing to develop its 100%-owned high-grade gold Fenelon Gold Property in Quebec with ongoing exploration and a bulk sample targeted to start in 2017. Wallbridge is also in discussions regarding several other advanced stage projects which could become the Company’s next mines.  These discussions benefit from the operating capabilities Wallbridge demonstrated by safely and efficiently mining the Broken Hammer deposit in Sudbury, which was completed in October 2015.  Wallbridge is also continuing partner-funded exploration on its large portfolio of nickel, copper, and PGM projects in Sudbury, Ontario, with a focus on its high-grade Parkin project.

Wallbridge also has exposure to active exploration for copper and gold in Jamaica and British Columbia through its 12.7% ownership of Carube Copper Corp. (CUC:TSX-V, formerly Miocene Resources Limited).

This press release may contain forward-looking statements (including “forward-looking information” within the meaning of applicable Canadian securities legislation and “forward-looking statements” within the meaning of the US Private Securities Litigation Reform Act of 1995) relating to, among other things, the operations of Wallbridge and the environment in which it operates. Generally, forward-looking statements can be identified by the use of words such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Wallbridge has relied on a number of assumptions and estimates in making such forward-looking statements, including, without limitation, the costs associated with the development and operation of its properties. Such assumptions and estimates are made in light of the trends and conditions that are considered to be relevant and reasonable based on information available and the circumstances existing at this time. A number of risk factors may cause actual results, level of activity, performance or outcomes of such exploration and/or mine development to be materially different from those expressed or implied by such forward-looking statements including, without limitation, whether such discoveries will result in commercially viable quantities of such mineralized materials, the possibility of changes to project parameters as plans continue to be refined, the ability to execute planned exploration and future drilling programs, the need for additional funding to continue exploration and development efforts, changes in general economic, market and business conditions, and those other risks set forth in Wallbridge’s most recent annual information form under the heading “Risk Factors” and in its other public filings. Forward-looking statements are not guarantees of future performance and such information is inherently subject to known and unknown risks, uncertainties and other factors that are difficult to predict and may be beyond the control of Wallbridge. Although Wallbridge has attempted to identify important risks and factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors and risks that cause actions, events or results not to be as anticipated, estimated or intended. Consequently, undue reliance should not be placed on such forward-looking statements. In addition, all forward-looking statements in this press release are given as of the date hereof.

Wallbridge disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, save and except as may be required by applicable securities laws. The forward-looking statements contained herein are expressly qualified by this disclaimer.

SOURCE Wallbridge Mining Company Limited

For further information: Please visit the Company’s website at www.wallbridgemining.com or contact: Wallbridge Mining Company Limited, Joshua Bailey, P.Geo., M.Sc., MBA, Vice President Exploration, Tel: (705) 682-9297 ext. 240, Email: jbailey@wallbridgemining.com; David Ellis, Investor Relations, Tel: (416) 704-0937, Email: dellis@wallbridgemining.com

Click here to connect with Wallbridge Mining Company Ltd. (TSX:WM, FWB:WC7) to receive an Investor Presentation.


Focus Graphite and SOQUEM Launch Preliminary Economic Assessment of their Kwyjibo Rare Earth Element Project in Northern Québec – Met-Chem Selected to Conduct Study

Focus Graphite Inc. (TSXV:FMS,OTCQX:FCSMF,FWB:FKC)  are pleased to announce that they have engaged Met-Chem of Montréal, a division of DRA Americas Inc (“Met-Chem/DRA”), to undertake a Preliminary Economic Assessment  (PEA) of their Kwyjibo Polymetallic-Rare Earth Elements (REE) – Copper-Iron-Phosphate project (“Kwyjibo” or the “Project”), located in the Côte-Nord administrative district of northeastern Québec.

Met-Chem/DRA is a globally recognized expert in mine and infrastructure design, including construction and mine operations, resource mapping, metallurgy, cost assessment, process design and administration. They have direct experience in the REE sector having prepared: pre-feasibility studies (PFS) on the Zandkopsdrift and Steenkampskraal REE projects in South Africa and on the Browns Range Project in Australia.

On behalf of the Joint Venture partners, Focus Graphite President and Chief Executive Officer Gary Economo said: “We are pleased to have Met-Chem/DRA leading the PEA on Kwyjibo. Met-Chem/DRA is a highly skilled and reputable engineering firm with individual team members that have a wealth of professional experience on a variety of projects throughout the world, including REE projects.”

Mr. Economo said the decision to undertake the PEA study coincided with a number of encouraging market factors, chief among them, a significant rise in market prices during the first half of 2017 for neodymium and praseodymium.

“And, with Germany, France and the United Kingdom announcing plans to end the production of cars equipped with combustion engines starting in 2030, conditions appear to be favourable for a resurgence in investment momentum, especially for non-Chinese REE explorers,” Mr. Economo said.

“The recent resurgence in rare earth elements prices also reflects growing demand as a result of the Paris Agreement on climate action globally, but more in particular China’s REE production cuts as it rationalizes its REE mining industry – in support of its policy to electrify China’s transportation and other industries,” said Mr. Economo.

According to the Nikkei Asian Review, China, which produces some 85% of the world’s supply of rare earths, is looking to curtail supply by enforcing environmental rules and targeting illegal REE mining operations.

Rare earth materials are critical for the construction of solar photovoltaics, wind electricity generators and energy storage technologies, among other industrial applications.

The Roskill Consulting Group reported in an August 3, 2017 rare earths market update, “the increase in certain rare earth element (REE) prices in H1 2017, particularly for neodymium (Nd) and praseodymium (Pr) products, has brought renewed interest to the rare earths industry after prices stagnated in 2016.  China FOB Nd oxide and Pr oxide prices increased 20% to US$48.4/kg REO and 21% to US$61.5/kg REO respectively between January and July 2017, whilst Chinese domestic prices for the same products increased by 23% and 24% during the same period.” (This update is available on the Roskill website at https://roskill.com/news/rare-earths/)

And, the World Bank, in its June, 2017 Study entitled: “The Growing Role of Minerals and Metals for a Low Carbon Future” indicates the universal focus towards slowing global warming creates opportunities for nations to explore and exploit potential REE resources.

“It is striking that aside from China, Brazil, India, and Malaysia there are no recorded production, reserve, or resource data for rare-earth metals available from any developing country regions. Although these critical metals can be found in these areas, no concerted efforts have been undertaken to accurately map their existence,” the report said.

Mr. Economo said the PEA Study undertaking with Met-Chem/DRA, when completed, and, if positive, could lead to further investigation of the Kwyjibo Project’s feasibility as a potentially new North American rare earths source.

Preliminary Economic Assessment of the Kwyjibo project

The PEA will be based on promising hydrometallurgical test results from lab-scale work being conducted at Hazen Research Inc. of Golden, Colorado. On November 21, 2016, Focus and SOQUEM announced results from the 2014-2015 chemical leaching test work program conducted on two composite drill core samples from the Magnetite and Lower Breccia zones of the Josette horizon. The tests and subsequent purification steps are supervised by Mr. Eric Larochelle, P. Eng., a metallurgical consultant part of Met-Chem/DRA’s team of experts.

 Highlights of that test work included:

  • A distinct and relatively simple metallurgical flowsheet when compared with those of peer rare earth element projects
  • A very high leach extraction rate of approximately 90% from rare earth concentrate for all rare earth elements for the massive Magnetite Mineralization Type (“MM1”)

Met-Chem/DRA commenced work on the PEA on August 1, with a view to completion of its report by late 2017 or early 2018.

Qualified Persons

Mr. Daniel M. Gagnon, P.Eng, FCIM, Senior Vice-President Mining, Geology, Met-Chem/DRA, a Qualified Person under National Instrument 43-101 – Standards of Disclosure for Mineral Projects has reviewed and approved the technical content of this news release.

Mr. Eric Larochelle, P.Eng., President of SMH Process Innovation, an independent consultant to Met-Chem/DRA responsible for the hydrometallurgical program and a Qualified Person under National Instrument 43-101 – Standards of Disclosure for Mineral Projects has read and approved the hydrometallurgical technical information contained in this news release.

Mr. Marc-André Bernier, M.Sc, P.Geo (Québec and Ontario), a Director of the Company and a Qualified Person under National Instrument 43-101 – Standards of Disclosure for Mineral Projects, has reviewed and approved the non-technical content of this news release.

About the Kwyjibo Project

The Kwyjibo polymetallic project, totalling 118 claims and covering 6,278 ha, is located 125 km northeast of the port city of Sept-Îles, in the Côte-Nord administrative district of Québec. The project is also located 25 km east of the Québec North Shore and Labrador railway line and is accessible by air from Sept-Îles.

Kwyjibo is located in the Grenville Geological Province of north-eastern Québec, and hosts Meso-proterozoic poly-metallic iron (Fe), copper (Cu), rare-earth elements (REE), gold (Au)) mineralization which is considered to be one of the best iron oxide copper-gold (IOCG) exploration targets in Québec. The mineralization has already been traced over a distance of at least 4 km. The Kwijibo property is subject to a NSR royalty of 1.5% payable to Compagnie Minière IOC Inc.

About SOQUEM Inc.

SOQUEM, a subsidiary of Investissement Québec, is a leading player in mineral exploration in Québec. Its mission is to explore, discover and develop mining properties in Québec. SOQUEM has participated in more than 350 exploration projects and contributed to major discoveries of gold, diamonds, lithium and other minerals.

About Focus Graphite

Focus Graphite Inc. is an advanced exploration company with an objective of producing graphite concentrate at its wholly-owned Lac Knife flake graphite deposit located 27 km south of Fermont, Québec. In a second stage, to meet Quebec stakeholder interests of transformation within the province and to add shareholder value, Focus is evaluating the feasibility of producing value added graphite products including battery-grade spherical graphite.

Focus Graphite is a technology-oriented graphite development company with a vision for building long-term, sustainable shareholder value. Focus also holds a significant equity position in graphene applications developer Grafoid Inc.

For more information about Focus Graphite, please visit www.focusgraphite.com.

Forward Looking Statement

This News Release contains “forward-looking information” within the meaning of Canadian securities legislation. All information contained herein that is not clearly historical in nature may constitute forward-looking information. Generally, such forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: (i) volatile stock price; (ii) the general global markets and economic conditions; (iii) the possibility of write-downs and impairments; (iv) the risk associated with exploration, development and operations of mineral deposits; (v) the risk associated with establishing title to mineral properties and assets; (vi) the risks associated with entering into joint ventures; (vii) fluctuations in commodity prices; (viii) the risks associated with uninsurable risks arising during the course of exploration, development and production; (ix) competition faced by the Company in securing experienced personnel and financing; (x) access to adequate infrastructure to support mining, processing, development and exploration activities; (xi) the risks associated with changes in the mining regulatory regime governing the Company; (xii) the risks associated with the various environmental regulations the Company is subject to; (xiii) risks related to regulatory and permitting delays; (xiv) risks related to potential conflicts of interest; (xv) the reliance on key personnel; (xvi) liquidity risks; and (xvii) the risk of potential dilution through the issue of common shares. Forward-looking information is based on assumptions management believes to be reasonable at the time such statements are made, including but not limited to, continued exploration activities, no material adverse change in metal prices, exploration and development plans proceeding in accordance with plans and such plans achieving their stated expected outcomes, receipt of required regulatory approvals, and such other assumptions and factors as set out herein. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such forward-looking information. Such forward-looking information has been provided for the purpose of assisting investors in understanding the Company’s business, operations and exploration plans and may not be appropriate for other purposes. Accordingly, readers should not place undue reliance on forward-looking information. Forward-looking information is made as of the date of this News Release, and the Company does not undertake to update such forward-looking information except in accordance with applicable securities laws.

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 accuracy of this release.

Contact

Focus Graphite Inc.
Mr. Gary Economo
Chief Executive Officer
+1 613-241-4040
geconomo@focusgraphite.com
www.focusgraphite.com 

Click here to connect with Focus Graphite Inc. (TSXV:FMS,OTCQX:FCSMF,FWB:FKC) to receive an Investor Presentation.