Timberline Resources Corporation (OTCQB:TLRS);(TSXV:TBR) ("Timberline" or the "Company") is pleased to report results from two more core holes from the 2021 drilling program at its 100%-controlled Eureka Project in Nevada. These are the final outstanding assays from the drill program, and they include one core hole in the Water Well Zone (WWZ) and the completed silver and multielement data from core hole BHSE-206C - totaling 861 meters of drilling.
The results from BHSE-192C confirm a significant zone of strong gold grades in the WWZ between drill holes BHSE-220C and BHSE-212C, which were reported during the first quarter (see Figure 1 and Company news releases dated February 24 and March 9, 2022). Highlights of the mineralization in BHSE-192C include:
The Company also received the complete analyses for silver (Ag) and other elements in drill hole BHSE-206C, from which the gold and partial multielement data were reported in a news release dated March 24, 2022. As previously reported, this hole included multiple intervals of anomalous gold, including 7.6m averaging 1.04 g/t and 86.9m of 0.16 g/t. However, the new analyses reveal that the drill hole is more mineralized in silver, lead (Pb), and zinc (Zn) than previously thought. One significant interval hosted by altered dolomite, breccias, and intrusive dikes included more than 202.7m that averaged 5.28 g/t Ag, including 56.4m averaging 9.69 g/t Ag, 0.17% Zn, and 0.11% Pb. This style of Ag-rich mineralization is believed by Timberline geologists to be older than the Carlin-type gold system, likely associated with Cretaceous-aged carbonate-replacement type deposits (CRD).
Patrick Highsmith, Timberline's President and CEO commented, "Drill hole BHSE-192C is an angled hole drilled into the Water Well Zone from the east. It is one of the first core holes to fill in between the high-grade results we reported last quarter. Our core drilling continues to confirm that the breccias at the base of the Dunderberg Shale are consistently mineralized over considerable thickness, but this hole also encountered strong gold grades in sheared and altered mudstones higher up in the Dunderberg. This result also extends the zone well to the east from previous drilling. Given the encouraging gold and silver associated with the IP anomaly in the Graben Zone farther east in BHSE-206C, we look forward to adding more core drilling in this area during the summer."
Figure 1 shows how the new results fit into the growing footprint of >3 g/t gold in the Water Well Zone. The long run of highly anomalous silver is also plotted along the trace of BHSE-206C. The IP anomaly occupies the graben between the Lookout-WWZ and Oswego gold occurrences, and it has yet to be tested at depth. Timberline expects to begin offsetting the new high-grade intercepts at the WWZ and near-surface gold at Oswego in June.
Figure 1 - Orthoimage Showing Lookout Mountain Resource, WWZ, and Oswego Target
Geological Details and Interpretation
BHSE-192C was drilled on an azimuth of 300° at an initial inclination of -65°. The hole was designed to pass through an interpreted fault zone and penetrate the base of the east-dipping Dunderberg Shale. BHSE-206C was inclined -75° in a northeast direction (azimuth 050°) and designed to assess the upper reaches of the large IP chargeability anomaly identified in 2021.
Drillhole BHSE-192C was collared in the post-mineral volcanic rocks that occupy the Graben Zone east of the Lookout Mountain resource. The Cambrian-aged Windfall Formation was encountered at approximately 56m depth. The Windfall is a gray to orange (variably oxidized) thin-bedded limestone or silty-carbonate with frequent argillaceous layers or partings. In this area, the unit is highly faulted and brecciated, resulting in significant amounts of fault gouge and some core loss. The drillhole passed into the Dunderberg Shale at approximately 202m depth. The blue gray to greenish Dunderberg alternates between bedded and massive mudstone and is calcite-veined throughout. The upper portions of the unit exhibit frequent argillaceous partings and more reactive (carbonate-rich) bands. There is also ample evidence of faulting and brecciation. Fine-grained disseminated pyrite is first noted at approximately 210m depth, but there are several intervals of oxidation associated with faulting.
The gold zones occur near the base of the Dunderberg, but the highest-grade assays in the hole (13.75 g/t and 8.41 g/t Au) occur above the basal (carbonaceous and silicified) breccias that have characterized much of the WWZ. The upper zone of mineralization is associated with very fine-grained argillaceous mudstones that are sheared and brecciated, but not highly silicified or carbonaceous. The contact with the underlying Hamburg Dolomite is marked by approximately 8m of black, brecciated, silicified breccias containing sooty pyrite, and this interval is consistently rich in gold. Low levels of anomalous gold continue for at least 30m into the light-gray massive dolomite of the Hamburg, in which the hole was terminated.
BHSE-206C passed through a thick section of limestones - often highly fractured, brecciated, and variably oxidized - that are often anomalous in silver and arsenic in zones of fault breccia and gouge. The degree of brecciation and alteration increases with depth as the limestone passes into a chaotic interval of interbedded sanded dolomite (altered) and fine grained felsic intrusive rock with abundant pyrite, which locally exceeds 10%. The felsic dikes or sills begin at approximately 95m depth. The intrusive unit is light gray to green, fine-grained and has apparent granitic composition, termed an aplite. The aplite has been propylitically altered, evidenced in part by the presence of chlorite, calcite, and sericite.
Gold and silver are most abundant in the dolomite, particularly where it is highly fractured and brecciated. There is a good correlation between the presence of pyrite, gold, and silver, but the most intense silver mineralization is associated with a zone of iron oxide occurring between 270m and 321m depth. Arsenic is a well-known pathfinder element for Carlin-type gold, but it is also associated with the older silver-lead-zinc CRD mineralization in the Eureka District. Almost the entirety of this drill hole is enriched in arsenic, but local anomalies in elements such as bismuth, molybdenum and tungsten support the interpretation of nearby intrusive activity that may be driving the abundant silver (0.05 - 61.3 ppm), lead (2 - 7,000 ppm), and zinc (9 - >10,000 ppm) in the Graben Zone.
Pyrite increases as the drill hole passes into a light gray to pale green, fine-grained section of altered sediments, which may be affected by contact metamorphism from nearby intrusive rocks. The hole was terminated in an interval with abundant chlorite-sericite-pyrite veining and considerable evidence of faulting (brecciation and fault gouge).
Superimposed mineral systems are common and considered favorable in larger Carlin-type gold districts. The Ruby Hill - Archimedes Mine (i80 Gold Corp.), north of the Eureka Project, is an excellent example where millions of ounces of Carlin-type gold resources are reported to occur as overprinting earlier silver (gold) - lead - zinc mineralization. Similarly, at least three generations of mineralization are reported in the giant Carlin Trend District. The multiple generations of mineralization may have used the same fluid pathways in the rocks; plus, the earlier stage alteration and mineralization may have enhanced the receptiveness of the host rocks to the later Carlin-type fluids. Timberline is ramping up for its 2022 exploration program, which will target the Water Well Zone, the Oswego Target, and the huge IP anomaly that occupies the graben in between.
Sampling Methodology, Chain of Custody, Quality Control and Quality Assurance
Cutting and sampling of core samples was directed by Timberline representatives. Personnel from Timberline or the drilling contractors transported the samples to Timberline's secure Eureka facility, from which the samples were picked up by personnel from ALS USA Inc. (ALS) for sample preparation in Elko, Nevada or Tucson, Arizona. Quality control was monitored by the insertion of numerous blind certified standard reference materials, field duplicates, and blanks into each sample shipment. Drill samples were assayed by ALS for gold by fire assay of a 30-gram charge with an AA or ICP-ES finish (ALS code Au-AA23). The overlimits for gold samples assaying above 10 g/t were determined by a 30-gram fire assay with gravimetric finish. Satisfactory results were achieved for all quality control samples related to the data reported herein. In addition, gold mineralized samples were submitted for multi-element analysis (33 elements) by four-acid digestion and ICP-ES determination (code ME-ICP61).
Steven Osterberg, Ph.D., P.G., Timberline's Vice President Exploration, is a Qualified Person as defined by National Instrument 43-101 and has reviewed and approved the technical contents of this release. Dr. Osterberg is not independent of the Company as he is an officer.
About Timberline Resources
Timberline Resources Corporation is focused on delivering high-grade Carlin-Type gold discoveries at its district-scale Eureka Project in Nevada. The Eureka Property includes the historic Lookout Mountain and Windfall mines in a total property position of approximately 24 square miles (62 square kilometers). The Lookout Mountain Resource was reported in compliance with Canadian NI 43-101 in an Updated Technical Report on the Lookout Mountain Project by Mine Development Associates, Effective March 1, 2013, filed on SEDAR April 12, 2013 (see Cautionary Note to US Investors below).
Resource Category | Tonnage (million short tons) | Grade (oz/ton) | Grade (grams/tonne) | Contained Au (troy oz) |
Measured | 3.04 | 0.035 | 1.2 | 106,000 |
Indicated | 25.90 | 0.016 | 0.6 | 402,000 |
Inferred | 11.71 | 0.012 | 0.41 | 141,000 |
The Company is also operator of the Paiute Joint Venture Project with Nevada Gold Mines in the Battle Mountain District. These properties lie on the prolific Battle Mountain-Eureka gold trend. Timberline also controls the Seven Troughs Project in northern Nevada, which is one of the state's highest-grade former gold producers. Timberline controls over 43 square miles (111 square kilometers) of mineral rights in Nevada. Detailed maps and mineral resources estimates for the Eureka Project and NI 43-101 technical reports for its projects may be viewed at http://timberlineresources.co/.
Timberline is listed on the OTCQB where it trades under the symbol "TLRS" and on the TSX Venture Exchange where it trades under the symbol "TBR".
On behalf of the Board of Directors,
"Patrick Highsmith"
President and CEO
Tel: 208-664-4859
Cautionary Note to U.S. Investors: The terms "mineral resource," "measured mineral resource," "indicated mineral resource" and "inferred mineral resource," as used on Timberline's website and in its news releases are Canadian mining terms that are defined in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101"). These Canadian terms are not defined terms under United States Securities and Exchange Commission ("SEC") Industry Guide 7 and are normally not permitted to be used in reports and registration statements filed with the SEC by U.S. registered companies. The SEC permits U.S. companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce.Accordingly, note that information describing the Company's "mineral resources" is not directly comparable to information made public by U.S. companies subject to reporting requirements under U.S. securities laws. U.S. investors are urged to consider closely the disclosure in the Company's Form 10-K which may be secured from the Company, or online at http://www.sec.gov/edgar.shtml.
Forward-Looking Statements: Statements contained herein that are not based upon current or historical fact are forward-looking in nature and constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements reflect the Company's expectations about its future operating results, performance and opportunities that involve substantial risks and uncertainties. These include, but are not limited to, statements regarding the advancement of projects, the footprint and continuity of mineralization, the growth of resources, and exploration potential. When used herein, the words "anticipate," "believe," "estimate," "upcoming," "plan," "target," "intend," "growth opportunity," and "expect" and similar expressions, as they relate to Timberline Resources Corporation, its subsidiaries, or its management, are intended to identify such forward-looking statements. These forward-looking statements are based on information currently available to the Company and are subject to a number of risks, uncertainties, and other factors that could cause the Company's actual results, performance, prospects, and opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. Factors that could cause or contribute to risks involving forward-looking statements include, but are not limited to, changes in the Company's business and other factors, including risk factors discussed in the Company's Form 10-K for the year ended September 30, 2021. Except as required by law, the Company does not undertake any obligation to release publicly any revisions to any 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) accept responsibility for the adequacy or accuracy of this release.
“These next three holes from Colorado V confirm that we have made two significant discoveries at Colorado V. The intersections significantly extend the mineralisation in the discovery holes at the CV-A and CV-B anomalies both of which are just a few kilometres on strike from the 22-million ounce Cangrejos Gold Project1. The anomalies have the same geology and surface footprint as Cangrejos and drilling is showing us they have similar mineralisation.
We have drilled five of fifteen regional gold-soil anomalies and all five have returned significant mineralisation. The results continue to crystalise our strategy that our high-grade resource of 1.1 million ounces at 5.6 g/t gold equivalent in Argentina, which is continuing to grow, will fund a large bulk gold discovery in Ecuador."
Figure 1 - Regional Au-soil anomalies and drilling results at El Guayabo and Colorado V
They follow CVDD-22-001 and CVDD-22-002, both of which intersected significant mineralisation, and confirm Au-Cu-Ag-Mo discoveries in the first two regional gold in soil anomalies in Colorado V to be drilled by the Company. Additionally, the results extend the mineralisation outside the boundary of the CV-A soil anomaly and confirm the CV-A mineralisation has a true width of at least 600 metres.
The new discoveries have significant scale with both the CV-A and CV-B Au-soil anomalies 1 kilometre long and 500 metres wide. The Colorado V concession adjoins CEL's 100% owned El Guayabo concession to the south and the Cangrejos concession to the north which hosts the 22-million ounce Cangrejos Gold Project1.
1 Source : Lumina Gold (TSX : LUM) July 2020 43-101 Technical Report
CVDD-22-003: CV-A anomalyCVDD-22-003 was the Company's second drill hole targeting the CV-A soil anomaly at Colorado V. The hole was drilled as a follow up to CVDD-22-001 which intersected 528.7m at 0.5 g/t AuEq from surface to the end of the hole including 397.1m at 0.6 g/t AuEq from surface. CVDD-22-003 was drilled from the same pad as CVDD-22-001 in the opposite direction outwards from the CV-A soil anomaly to test the entire 500 metre width.
As can be seen from Figure 2 (Plan view) CVDD-22-003 drilled outside the projected CV-A soil anomaly at approximately 200 metres down hole. This makes the intercept of 509.9m at 0.4 g/t AuEq (0.2 g/t gold, 1.4 g/t silver, 0.1 % copper, 31.3 ppm molybdenum) from surface until the end of the hole more impressive as it confirms that the mineralisation extends significantly beyond the boundary of the CV-A soil anomaly.
The hole intersected a higher-grade zone of 242.5 metres at 0.6 g/t AuEq (0.4 g/t gold, 1.8 g/t silver, 0.1% copper, 44.8 ppm molybdenum) including 156.9 metres at 0.7 g/t AuEq (0.4 g/t gold,1.8 g/t silver, 0.1% copper, 54.7 ppm molybdenum) and 75.8 metres at 0.8 g/t AuEq (0.6 g/t gold, 1.8g/t silver, 0.1% copper, 59.1 ppm molybdenum), all from surface. This higher-grade zone correlates with the area below the CV-A soil anomaly, which is an extension of mineralisation intersected in CVDD-22-001 (397.1m at 0.6 g/t AuEq from surface), confirming mineralisation at the CV-A anomaly begins at surface and has higher-grades at surface.
The intersection confirms that the CV-A soil anomaly which is a gold, silver, and copper soil anomaly some 1 kilometre long and 500 metres wide is mineralised across its entire 500 metre width and beyond. The mineralisation is consistent and pervasive throughout the hole and appears to have similar paragenetic relationships to mineralisation intersected in the discovery holes 3 kilometres to the south at El Guayabo, as well as Lumina Gold's Cangrejos Project 6 kilometres to the northeast.
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Highlights
“These next three holes from Colorado V confirm that we have made two significant discoveries at Colorado V. The intersections significantly extend the mineralisation in the discovery holes at the CV-A and CV-B anomalies both of which are just a few kilometres on strike from the 22-million ounce Cangrejos Gold Project1. The anomalies have the same geology and surface footprint as Cangrejos and drilling is showing us they have similar mineralisation.
We have drilled five of fifteen regional gold-soil anomalies and all five have returned significant mineralisation. The results continue to crystalise our strategy that our high-grade resource of 1.1 million ounces at 5.6 g/t gold equivalent in Argentina, which is continuing to grow, will fund a large bulk gold discovery in Ecuador."
Figure 1 - Regional Au-soil anomalies and drilling results at El Guayabo and Colorado V
They follow CVDD-22-001 and CVDD-22-002, both of which intersected significant mineralisation, and confirm Au-Cu-Ag-Mo discoveries in the first two regional gold in soil anomalies in Colorado V to be drilled by the Company. Additionally, the results extend the mineralisation outside the boundary of the CV-A soil anomaly and confirm the CV-A mineralisation has a true width of at least 600 metres.
The new discoveries have significant scale with both the CV-A and CV-B Au-soil anomalies 1 kilometre long and 500 metres wide. The Colorado V concession adjoins CEL's 100% owned El Guayabo concession to the south and the Cangrejos concession to the north which hosts the 22-million ounce Cangrejos Gold Project1.
1 Source : Lumina Gold (TSX : LUM) July 2020 43-101 Technical Report
CVDD-22-003: CV-A anomalyCVDD-22-003 was the Company's second drill hole targeting the CV-A soil anomaly at Colorado V. The hole was drilled as a follow up to CVDD-22-001 which intersected 528.7m at 0.5 g/t AuEq from surface to the end of the hole including 397.1m at 0.6 g/t AuEq from surface. CVDD-22-003 was drilled from the same pad as CVDD-22-001 in the opposite direction outwards from the CV-A soil anomaly to test the entire 500 metre width.
As can be seen from Figure 2 (Plan view) CVDD-22-003 drilled outside the projected CV-A soil anomaly at approximately 200 metres down hole. This makes the intercept of 509.9m at 0.4 g/t AuEq (0.2 g/t gold, 1.4 g/t silver, 0.1 % copper, 31.3 ppm molybdenum) from surface until the end of the hole more impressive as it confirms that the mineralisation extends significantly beyond the boundary of the CV-A soil anomaly.
The hole intersected a higher-grade zone of 242.5 metres at 0.6 g/t AuEq (0.4 g/t gold, 1.8 g/t silver, 0.1% copper, 44.8 ppm molybdenum) including 156.9 metres at 0.7 g/t AuEq (0.4 g/t gold,1.8 g/t silver, 0.1% copper, 54.7 ppm molybdenum) and 75.8 metres at 0.8 g/t AuEq (0.6 g/t gold, 1.8g/t silver, 0.1% copper, 59.1 ppm molybdenum), all from surface. This higher-grade zone correlates with the area below the CV-A soil anomaly, which is an extension of mineralisation intersected in CVDD-22-001 (397.1m at 0.6 g/t AuEq from surface), confirming mineralisation at the CV-A anomaly begins at surface and has higher-grades at surface.
The intersection confirms that the CV-A soil anomaly which is a gold, silver, and copper soil anomaly some 1 kilometre long and 500 metres wide is mineralised across its entire 500 metre width and beyond. The mineralisation is consistent and pervasive throughout the hole and appears to have similar paragenetic relationships to mineralisation intersected in the discovery holes 3 kilometres to the south at El Guayabo, as well as Lumina Gold's Cangrejos Project 6 kilometres to the northeast.
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This article includes content from [Company Name][ticker symbol], licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
All amounts expressed in US Dollars
Barrick Gold Corporation (NYSE:GOLD) (TSX:ABX) continues to invest in creating value for all stakeholders and in supporting the communities that host its mines, president and chief executive Mark Bristow said here today.
Speaking to media at the company's Loulo-Gounkoto complex, Bristow noted the commissioning of the Gounkoto underground mine and the Gara West open pit, the continuing replacement of reserves, the extension of the solar power plant and the further strengthening of local partnerships as instances of the company's long-term commitment to the country.
"In the first half of the year we've contributed $337 million to the Malian economy in the form of taxes, royalties, dividends, salaries and payments to local suppliers, taking the lifetime contribution of Barrick, previously Randgold, to $8.5 billion. We're particularly proud of the fact the Gara West pit is being mined for us by two Malian contractors we have mentored," he said.
At the halfway mark of the year, the complex is on track to meet its production guidance for 2022, replace annual reserve depletion to further extend its mine life, and maintain its exemplary safety record, with no lost time injuries or major environmental events during the past quarter.
It continues to invest in sustainable economic community projects, establishing a motel, a farm for Kenieba women and three water supply systems during the quarter. The Loulo agricultural college, designed as the foundation of a sustainable regional agribusiness, has already trained 21 women and 143 men and created 30 farms.
Since the opening of the mine, Loulo-Gounkoto has built 20 schools in its neighbouring villages, taking student enrolment from 500 to more than 5,000. Seventy-eight of them are currently benefitting from the complex's bursary program and Loulo-Gounkoto is also supporting teachers' salaries.
"First as Randgold and now as Barrick, we've been operating in Mali for 25 years and we plan to be here for at least as long again. The strong and mutually rewarding partnerships we have forged with the government, local business partners and our host communities are the key to our success and an example to Africa's other mining countries," Bristow said.
Enquiries
President and CEO
Mark Bristow
+1 647 205 7694
+44 788 071 1386
Group Regional Manager, West Africa
Mahamadou Samaké
+223 66 75 61 36
Investor and Media Relations
Kathy du Plessis
+44 20 7557 7738
Email: barrick@dpapr.com
Website: www.barrick.com
Cautionary Statement on Forward-Looking Information
Certain information contained or incorporated by reference in this press release, including any information as to our strategy, projects, plans, or future financial or operating performance, constitutes "forward-looking statements". All statements, other than statements of historical fact, are forward-looking statements. The words "continue", "on track", "maintain", "commitment", "value", "guidance", and similar expressions identify forward-looking statements. In particular, this press release contains forward-looking statements including, without limitation, with respect to: Loulo-Gounkoto's production guidance and performance; Loulo-Gounkoto's ability to continue to replace mineral reserves net of depletion and extend the mine life; Loulo-Gounkoto's safety performance; Barrick's commitment to Mali and investment in the development of local communities, including to support local employment, education and development programs.
Forward-looking statements are necessarily based upon a number of estimates and assumptions including material estimates and assumptions related to the factors set forth below that, while considered reasonable by the Company as at the date of this press release in light of management's experience and perception of current conditions and expected developments, are inherently subject to significant business, economic, and competitive uncertainties and contingencies. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking statements, and undue reliance should not be placed on such statements and information. Such factors include, but are not limited to: fluctuations in the spot and forward price of gold, copper, or certain other commodities (such as silver, diesel fuel, natural gas, and electricity); the speculative nature of mineral exploration and development; changes in mineral production performance, exploitation, and exploration successes; the possibility that future exploration results will not be consistent with the Company's expectations; risks that exploration data may be incomplete and considerable additional work may be required to complete further evaluation, including but not limited to drilling, engineering and socioeconomic studies and investment; risk of loss due to acts of war, terrorism, sabotage and civil disturbances; risks associated with projects in the early stages of evaluation, and for which additional engineering and other analysis is required; failure to comply with environmental and health and safety laws and regulations; timing of receipt of, or failure to comply with, necessary permits and approvals; changes in national and local government legislation, taxation, controls or regulations and/ or changes in the administration of laws, policies and practices, expropriation or nationalization of property and political or economic developments in the Mali and other jurisdictions in which the Company or its affiliates do or may carry on business in the future; damage to the Company's reputation due to the actual or perceived occurrence of any number of events, including negative publicity with respect to the Company's handling of environmental matters or dealings with community groups, whether true or not; risks associated with new diseases, epidemics and pandemics, including the effects and potential effects of the global Covid-19 pandemic; litigation and legal and administrative proceedings; employee relations including loss of key employees; increased costs and physical risks, including extreme weather events and resource shortages, related to climate change; and availability and increased costs associated with mining inputs and labor. Barrick also cautions that its guidance may be impacted by the unprecedented business and social disruption caused by the spread of Covid-19. In addition, there are risks and hazards associated with the business of mineral exploration, development and mining, including environmental hazards, industrial accidents, unusual or unexpected formations, pressures, cave-ins, flooding and gold bullion, copper cathode or gold or copper concentrate losses (and the risk of inadequate insurance, or inability to obtain insurance, to cover these risks).
Many of these uncertainties and contingencies can affect our actual results and could cause actual results to differ materially from those expressed or implied in any forward-looking statements made by, or on behalf of, us. Readers are cautioned that forward-looking statements are not guarantees of future performance. All of the forward-looking statements made in this press release are qualified by these cautionary statements. Specific reference is made to the most recent Form 40-F/Annual Information Form on file with the SEC and Canadian provincial securities regulatory authorities for a more detailed discussion of some of the factors underlying forward-looking statements and the risks that may affect Barrick's ability to achieve the expectations set forth in the forward-looking statements contained in this press release.
Barrick disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law.
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