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NEXGEN Releases Results from Shaft Pilot Hole Report and Assays from the Development Drilling Summer 2018 Program

CNW Group

VANCOUVER , Feb. 14, 2019 /CNW/ – NexGen Energy Ltd. (“NexGen” or the “Company”) (TSX:NXE, NYSE MKT:NXE) is pleased to report geotechnical results for the initial shaft pilot holes and assays for all twenty-nine holes comprising 20,482.31 m , drilled during the summer development program on the Company’s 100% owned Rook I property, in the Athabasca Basin, Saskatchewan .

Highlights:

Shaft Pilot Hole Report  

NexGen Energy Ltd. retained SRK Consulting Canada Inc. to complete a geotechnical, hydrogeological, and thermal characterization to confirm the selection of a suitable location for the proposed shaft and facilitate a Feasibility Study (“FS”) level technical assessment related to the shaft pilot hole program. Additionally, DGI Geoscience Inc. completed a down-hole geophysics program to collect continuous data, in electronic format, of: sonic velocity, density, normal resistivity, natural gamma, spontaneous potential, mechanical caliper, and acoustic and optical scans of the borehole walls.

Three shaft pilot holes were successfully completed to a depth between 650 m and 702 m . The vertically drilled shaft pilot holes were kept within a 6.0 m diameter cylinder from surface through to their termination depths, intersected minimal structure and showed low hydraulic conductivity throughout via packer testing at regular intervals.

The shaft pilot hole geotechnical and hydrogeological conditions compiled in the Rook I Arrow Deposit Pilot Characterization Report will facilitate FS level engineering and design of two vertical shafts at the Arrow Deposit; one for exhaust air and one for production and fresh air.

  • Overburden / Sedimentary Geotechnical: The sedimentary profile was confirmed to extend from surface down to the basement unconformity at approximately 100 m . Typical of holes drilled at the Arrow Deposit, an average sedimentary profile was developed from the shaft pilot holes:
  • Rock Geotechnical:
  • Hydrogeological:

Geotechnical Characterization of the A2 Sub-Zone

Assays have confirmed significant uranium mineralization was intersected in the two holes drilled to geotechnically characterize the rock mass within the A2 sub-zone. The holes were designed to obtain data in order to quantify the sub-surface conditions within the mine plan. Both holes were collared at a steep inclination, then shallowed out to a dip of approximately 57°.

  • GAR-18-016 intersected 32.5 m at 6.65% U3O8 (574.5 to 607.0 m ) including 10.0 m at 20.04% U3O8 (583.0 to 593.0 m ) additionally, 10.0 m at 1.43% U3O8 (617.5 to 627.5 m ). The hole intersected significant mineralization outside of the current high-grade resource shells and are not incorporated into the current mineral resource inventory. In terms of packers testing within the A2 sub-zone, GAR-18-016 showed low flow rates averaging 1.656 L/min ( 576.5 m to 639.0 m ).
  • GAR-18-017 intersected 7.5 m at 3.03% U3O8 (616.5 to 624.0 m ) including 3.5 m at 6.34% U3O8 (620.0 to 623.5 m ). The hole was drilled in an open area within the A2 sub-zone between two previously unconnected shells which has not yet been incorporated into the current mineral resource inventory. In terms of packers testing within the A2 sub-zone, GAR-18-017 showed low flow rates averaging 0.950 L/min ( 567.0 m to 618.0 m ) and 0.218 L/min ( 618.0 m to 669.0 m )

Expansion, A2 High-Grade Domain

Assays from drilling focused on an under-explored area to the northeast boundary of the currently defined A2 high-grade domain have confirmed the presence of significant uranium mineralization within the A2 shear zone as well as between the A2 and A3 shears. The hole demonstrates the continuity of high-grade mineralization beyond the currently defined A2 high-grade domains.

  • AR-18-220c1 located, approximately 50 m along strike to the northeast of AR-14-30 (10.32% U3O8 over 46.0 m ) intersected 36.0 m at 1.12% U3O8 (512.0 to 548.0 m ) including 2.0 m at 10.0% U3O8 (528.5 to 530.5 m ) additionally, 16.5 m at 1.43% U3O8 (578.0 to 594.5 m ). Between the currently defined A2 and A3 resource shells the hole intersected 36.0 m at 0.64% U3O8 (396.0 to 432.0 m ) including 4.0 m at 5.23% U3O8 (402.05 to 406.5 m ).

Drill hole locations and schematics are shown in Figures 1 to 5, while assay results are displayed in Table 1.

Leigh Curyer, Chief Executive Officer, commented: “These results highlight the strength of the technical setting of the Arrow Deposit for development and the growth potential that remains at Arrow.  Five years ago today, NexGen discovered the Arrow Deposit. With over 300,000m of drilling since that date and Arrow continuing to show incredible growth with these results, it is truly unique.”

James Hatley , Senior Vice-President, Project Development, commented: “The geotechnical and hydrological conditions for shaft sinking at the Rook I Project have been thoroughly investigated at the feasibility level by SRK, and the bulk hydraulic conductivity in the basement rock from my experience is excellent.”

Troy Boisjoli , Vice-President, Operations and Project Development, commented: “The assay results from the Summer 2018 drill program have confirmed areas with future growth potential at the Arrow Deposit. Another aspect confirmed by these assay results was the strong geotechnical characteristics of the A2 sub-zone. Both of these objectives were successfully reached, supporting the planning for the 2019 drill program which commenced in December 2018 . We look forward to continuing this systematic approach in advancing the Arrow Deposit towards the completion of the Feasibility Study, scheduled for H1/2020.

Development, Activities & Financial

  • Expediting Arrow to Feasibility by initiation of a 2-stage 125,000m (10 rig) high density drilling program that commenced in mid-December 2018 to focus on mine optimization plans based on Measured and Indicated mineral resources.
  • As of January 31, 2019 , the Company had cash-on-hand of approximately  $110 million  which fully funds NexGen for all drilling, feasibility and development programs planned this year.
Figure 1: Arrow Deposit Drilling Locations (CNW Group/NexGen Energy Ltd.)
Figure 1: Arrow Deposit Drilling Locations (CNW Group/NexGen Energy Ltd.)
Figure 2: Shaft Pilot Hole Locations, Arrow Deposit (CNW Group/NexGen Energy Ltd.)
Figure 2: Shaft Pilot Hole Locations, Arrow Deposit (CNW Group/NexGen Energy Ltd.)
Figure 3: A2 Geotechnical Characterization Holes (CNW Group/NexGen Energy Ltd.)
Figure 3: A2 Geotechnical Characterization Holes (CNW Group/NexGen Energy Ltd.)
Figure 4: Expansion, A2 High-Grade Domain (CNW Group/NexGen Energy Ltd.)
Figure 4: Expansion, A2 High-Grade Domain (CNW Group/NexGen Energy Ltd.)

Table 1: Arrow Drill Hole Data

Drill Hole

Athabasca Group – Basement

Unconformity Depth (m)

SRC Geoanalytical Results

Hole ID

Azimuth

Dip

Total Depth

(m)

From

(m)

To (m)

Interval

(m)

U3O8 

(wt%)

AR-18-210c1

327

-70

876.5

115

606.5

607.0

0.5

0.04

AR-18-210c2

327

-70

957.5

N/A

No significant intersections

AR-18-210c3

327

-70

946

N/A

No significant intersections

AR-18-211c1

327

-70

1128.5

N/A

865.5

866

0.5

0.05

869

871

2

0.02

875

877

2

0.03

960.5

962.5

2

0.03

988

991

3

0.02

1088.5

1089.5

1

0.04

AR-18-211c2

327

-70

1014.5

N/A

No significant intersections

AR-18-211c3

327

-70

1063.5

N/A

647

647.5

0.5

0.01

865.5

866.5

1

0.02

953.5

954.5

1

0.03

AR-18-212c1

325

-67

807.5

97.7

No significant intersections

AR-18-213c1

327

-65

765.5

98.85

No significant intersections

AR-18-214c1

327

-65

891.5

111

149.5

151

1.5

0.01

157

161.5

4.5

0.13

337

337.5

0.5

0.05

AR-18-215c1

327

-70

990.5

N/A

883.5

884

0.5

0.02

906

906.5

0.5

0.02

AR-18-216c1

327

-65

483.5

107.4

No significant intersections

AR-18-217c1

327

-73.5

1233.5

122.5

196

202

6

0.02

727.5

728

0.5

0.02

964.5

966

1.5

0.35

969.5

971

1.5

0.04

977.5

978.5

1

0.10

AR-18-218c1

327

-65

827

97.8

No significant intersections

AR-18-219c1

327

-65

663.5

133.95

342.5

347

4.5

0.05

353

354

1

0.15

358

371

13

0.08

375

375.5

0.5

0.03

381.5

383

1.5

0.02

387

416

29

0.08

420

421.5

1.5

0.01

424.5

435

10.5

0.05

438

472

34

0.14

572

579.5

7.5

0.07

586.5

590

3.5

1.87

incl.

587

588

1

5.73

593

595.5

2.5

0.02

600.5

605

4.5

0.17

610

612

2

0.43

621

625.5

4.5

0.32

631

631.5

0.5

0.21

AR-18-220c1

327

-68

744.5

130.35

331

332

1

0.02

335.5

337.5

2

0.04

359.5

362

2.5

0.03

365

380.5

15.5

0.12

383.5

391.5

8

0.18

396

432

36

0.64

incl.

402.5

406.5

4

5.23

435.5

441

5.5

0.08

444.5

456

11.5

0.05

475

491

16

0.03

501

508.5

7.5

0.11

512

548

36

1.12

incl.

520.5

521.5

1

8.55

incl.

528.5

530.5

2

10.06

578

594.5

16.5

1.43

incl.

588.5

592.5

4

5.68

597

599

2

0.05

624.5

625.5

1

0.10

641.5

646.5

5

0.05

657

660.5

3.5

0.02

680

682.5

2.5

0.04

AR-18-220c1a

327

-68

441

448

445

446.5

1.5

0.06

GAR-18-006

147

-80

737.4

100.8

518

522

4

0.21

576

578

2

0.55

600

601

1

0.03

GAR-18-006a

147

-80

155.4

101

No significant intersections

GAR-18-007

147

-68

671.4

93

No significant intersections

GAR-18-008

147

-65

629.6

96.05

597

598.5

1.5

0.10

617.5

618

0.5

0.18

GAR-18-009

147

-70

641.4

101

No significant intersections

GAR-18-010

147

-90

650.44

98

548

551

3

0.06

553.5

555

1.5

0.12

558

559

1

0.01

GAR-18-011

147

-65

799.5

95.05

No significant intersections

GAR-18-012

327

-75

1043.4

N/A

564.5

566

1.5

0.05

589

589.5

0.5

0.02

602.5

606

3.5

0.28

766

767.5

1.5

0.02

GAR-18-013

147

-90

650.4

108.9

No significant intersections

GAR-18-014

327

-80

659.4

101

No significant intersections

GAR-18-015

147

-90

701.47

96.35

No significant intersections

GAR-18-016

327

-65

660

128.85

492

493

1

0.09

534

539.5

5.5

0.04

550

554.5

4.5

0.04

574.5

607

32.5

6.65

incl.

583

593

10

20.04

incl.

605

607

2

4.43

617.5

627.5

10

1.43

incl.

622.5

626

3.5

3.19

GAR-18-017

327

-65

717

127.75

503

504

1

0.11

514.5

515

0.5

2.03

517.5

518

0.5

0.36

521.5

522

0.5

0.04

530

532.5

2.5

1.35

535.5

537

1.5

0.11

563.5

567

3.5

0.06

577.5

578.5

1

0.17

581

599

18

0.06

616.5

624

7.5

3.03

incl.

620

623.5

3.5

6.34

627

631

4

0.12

638.5

640

1.5

0.02

650.5

661

10.5

0.04

666

669

3

0.07

Parameters:

  • Maximum internal dilution 2.0 m downhole
  • Minimum thickness of 0.5 m downhole
  • Cutoff grade 0.01% U3O8
  • All depths and intervals are metres downhole, true thicknesses are yet to be determined. Resource modelling in conjunction with an updated mineral resource estimate is required before true thicknesses can be determined.
  • Directional drilling has often resulted in mineralization intersected at a more favourable and shallower dip

About NexGen

NexGen is a British Columbia corporation with a focus on the acquisition, exploration and development of Canadian uranium projects. NexGen has a highly experienced team of uranium industry professionals with a successful track record in the discovery of uranium deposits and in developing projects through discovery to production. NexGen owns a portfolio of prospective uranium exploration assets in the Athabasca Basin, Saskatchewan, Canada, including a 100% interest in Rook I, location of the Arrow Deposit in February 2014, the Bow discovery in March 2015, the Harpoon discovery in August 2016 and the Arrow South discovery in July 2017. NexGen is the recipient of the PDAC’s 2018 Bill Dennis Award and the 2019 Environmental and Social Responsibility Award.

Technical Disclosure

The technical information in this news release with respect to the PFS has been reviewed and approved by Paul O’Hara , P.Eng. of Wood., David Robson , P.Eng., M.B.A., and Jason Cox , P.Eng. of RPA, each of whom is a “qualified person” under National Instrument 43-101 – Standards of Disclosure for Mineral Projects(“NI-43-101“).

The Mineral Resource Estimate was completed by Mr. Mark Mathisen , C.P.G., Senior Geologist at RPA and Mr. David Ross , P.Geo., Director of Resource Estimation and Principal Geologist at RPA.  Both are independent Qualified Persons in accordance with the requirements of National Instrument (NI) 43-101 and they have approved the disclosure herein. All other technical information in this news release has been approved by Mr. Troy Boisjoli , Geoscientist Licensee, Vice President – Operations & Project Development for NexGen.  Mr. Boisjoli is a qualified person for the purposes of NI 43-101 and has verified the sampling, analytical, and test data underlying the information or opinions contained herein by reviewing original data certificates and monitoring all of the data collection protocols.  All other technical information in this news release has been approved by Mr. James Hatley , a Professional Engineer, Senior Vice-President – Project Development for NexGen.  Mr. Hatley is a qualified person for the purposes of NI 43-101 and has reviewed the underlying the information or opinions contained herein on mine design.

A technical report in respect to the PFS is filed on SEDAR (www.sedar.com) and EDGAR (www.sec.gov/edgar.shtml) and is available for review on NexGen Energy’s website (www.nexgenenergy.ca).

SEC Standards

Estimates of mineralization and other technical information included or referenced in this news release have been prepared in accordance with NI 43-101. The definitions of proven and probable mineral reserves used in NI 43-101 differ from the definitions in SEC Industry Guide 7. Under SEC Industry Guide 7 standards, a “final” or “bankable” feasibility study is required to report reserves, the three-year historical average price is used in any reserve or cash flow analysis to designate reserves and the primary environmental analysis or report must be filed with the appropriate governmental authority. As a result, the reserves reported by the Company in accordance with NI 43-101 may not qualify as “reserves” under SEC standards. In addition, the terms “mineral resource”, “measured mineral resource”, “indicated mineral resource” and “inferred mineral resource” are defined in and required to be disclosed by NI 43-101; however, these terms are not defined terms under SEC Industry Guide 7 and normally are not permitted to be used in reports and registration statements filed with the SEC. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Investors are cautioned not to assume that any part or all of the mineral deposits in these categories will ever be converted into reserves. “Inferred mineral resources” have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian securities laws, estimates of inferred mineral resources may not form the basis of feasibility or pre-feasibility studies, except in rare cases. Additionally, disclosure of “contained pounds” in a resource is permitted disclosure under Canadian securities laws; however, the SEC normally only permits issuers to report mineralization that does not constitute “reserves” by SEC standards as in place tonnage and grade without reference to unit measurements. Accordingly, information contained or referenced in this news release containing descriptions of the Company’s mineral deposits may not be comparable to similar information made public by U.S. companies subject to the reporting and disclosure requirements of United States federal securities laws and the rules and regulations thereunder.

Technical Information

For details of the Rook I Project including the quality assurance program and quality control measures applied and key assumptions, parameters and methods used to estimate the Mineral Resource please refer to the technical report entitled “Arrow Deposit, Rook I Project Saskatchewan NI 43-101 Technical Report on Pre-feasbility Study” dated effective 5 November, 2018 (the “Rook 1 Technical Report”) prepared by Paul O’Hara , P.Eng., Jason J. Cox , P.Eng., David M. Robson , P.Eng., M.B.A., Mark B. Mathisen , C.P.G. each of whom is a “qualified person” under NI 43-101. The Rook I Technical Report is available for review under the Company’s profile on SEDAR at www.sedar.com and EDGAR (www.sec.gov/edgar.shtml) providing details of the Rook I Project including the quality assurance program and quality control measures applied and key assumptions, parameters and methods used to estimate the Mineral Resource and is available on NexGen Energy’s website (www.nexgenenergy.ca).

Forward-Looking Information

The information contained herein contains “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and “forward-looking information” within the meaning of applicable Canadian securities legislation. “Forward-looking information” includes, but is not limited to, statements with respect to the activities, events or developments that the Company expects or anticipates will or may occur in the future. Generally, but not always, forward-looking information and statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or the negative connotation thereof 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” or the negative connotation thereof.

Forward-looking information and statements are based on the then current expectations, beliefs, assumptions, estimates and forecasts about NexGen’s business and the industry and markets in which it operates. Forward-looking information and statements are made based upon numerous assumptions, including among others, that the proposed transaction will be completed, the results of planned exploration activities are as anticipated, the price of uranium, the cost of planned exploration activities, that financing will be available if and when needed and on reasonable terms, that third party contractors, equipment, supplies and governmental and other approvals required to conduct NexGen’s planned exploration activities will be available on reasonable terms and in a timely manner and that general business and economic conditions will not change in a material adverse manner. Although the assumptions made by the Company in providing forward looking information or making forward looking statements are considered reasonable by management at the time, there can be no assurance that such assumptions will prove to be accurate.

Forward-looking information and statements also involve known and unknown risks and uncertainties and other factors, which may cause actual results, performances and achievements of NexGen to differ materially from any projections of results, performances and achievements of NexGen expressed or implied by such forward-looking information or statements, including, among others, negative operating cash flow and dependence on third party financing, uncertainty of the availability of additional financing, the risk that pending assay results will not confirm previously announced preliminary results, imprecision of mineral resource estimates, the appeal of alternate sources of energy and sustained low uranium prices, aboriginal title and consultation issues, exploration risks, reliance upon key management and other personnel, deficiencies in the Company’s title to its properties, uninsurable risks, failure to manage conflicts of interest, failure to obtain or maintain required permits and licenses, changes in laws, regulations and policy, competition for resources and financing, and other factors discussed or referred to in the Company’s Annual Information Form dated March 2, 2018 under “Risk Factors”.

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 or implied by 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 forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company undertakes no obligation to update or reissue forward-looking information as a result of new information or events except as required by applicable securities laws.

NexGen Energy Ltd. (CNW Group/NexGen Energy Ltd.)
NexGen Energy Ltd. (CNW Group/NexGen Energy Ltd.)
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FISSION 3.0 Intercepts Anomalies and Strong Alteration at PLN; Preps for 9 Holes at Key Lake South

CNW Group

Winter drill program continues to enhance project

TSX VENTURE SYMBOL: FUU

KELOWNA, BC , Feb. 14, 2019 /CNW/ – FISSION 3.0 CORP. (“Fission 3” or “the Company“) is pleased to announce results from the winter drill program at its PLN project in the Athabasca Basin region of Saskatchewan, Canada . A total of 2,051m were drilled in six completed holes and two holes that were abandoned due to poor ground conditions.  Drilling focused on the north-south trending A1 basement hosted electromagnetic “EM” conductor, where previous drilling in 2014, including hole PLN14-019 ( 6.0m @ 0.012% U3O8), indicated the conductive corridor to be prospective for mineralization. All six holes encountered strong hydrothermal alteration over variable widths and a number of narrow radiometric anomalies, including a downhole radiometric peak of 1,382cps (PLN19-026), often a key signature of mineralized systems. The A1 conductive corridor remains prospective to the south and PLN hosts multiple drill targets that remain untested on the property, and will be the subject of future exploration.

Fission 3.0 Logo (CNW Group/Fission Uranium Corp.)
Fission 3.0 Logo (CNW Group/Fission Uranium Corp.)

New Drill Program Imminent. The company is prepping for a nine-hole work program at two of its Key Lake South projects – Karpinka Lake and Hobo Lake – which is expected to commence imminently.  The Key Lake South projects are located approximately 40km south of the historic Key Lake mine and mill.  In a setting analogous to Fission Uranium’s PLS project, the target is shallow depth, basement hosted uranium mineralization outside of the present day Athabasca Basin margin. The Key Lake Shear Zone (KLSZ) is a north-south trending, moderately meandering litho-structural corridor that is present north of the Key Lake deposit and continues to the south, through the Karpinka and Hobo Lake properties.  The KLSZ is a primary feature associated  with the occurrence of the historic Key Lake deposit and its presence on the Key Lake South properties represents an important exploration target.

News Highlights

  • PLN Highlights:
  • Key Lake South Highlights:

Ross McElroy , COO, and Chief Geologist for Fission, commented,

“Drilling this winter on the A1 conductive trend encountered encouraging alteration and radioactive anomalies. The six completed holes followed up a section of the trend where previous drilling indicated encouraging signs of potential mineralization. PLN is an exciting and highly prospective property in an emerging uranium camp in the Patterson Lake area, where recent nearby discoveries of world-class high-grade uranium deposits have been made. Future drill programs will continue to test the vast potential of the PLN project. We are also looking forward to our Key Lake South drill program, which will commence later this month.”

About PLN: The PLN package consists of a total of 36,537 ha in 37 mineral claims of which Fission 3 has a 90% interest in 27,408 ha (10 mineral claims) and a 100% interest in an additional recently staked 9,129 ha (27 mineral claims).  Azincourt Energy Corp. holds a 10% interest in 27,408 ha of the PLN property.

The property, just inside the Athabasca Basin, is prospective for high-grade uranium at shallow depth.  The property is adjacent to, and part of the same structural corridor as Fission Uranium’s PLS project, host to the Athabasca’s most significant major, shallow-depth, high-grade uranium deposit.  Previous drill results show large scale potential.  Drilling in 2014 identified a mineralized corridor associated with the A1 ~700m in strike length, where results returned significant mineralization and pathfinder elements (uranium, boron, copper, nickel and zinc) and included hole PLN14-019 which intercepted 0.5m at 0.047% U3O8 within 6.0m @ 0.012% U3O8.

About Key Lake South: The Key Lake area is an important historic mining district.  The Key Lake operations is owned by Cameco Corp. (83%) and Orano Canada Inc. (17%) and hosted the former Key Lake mine, which produced 208 million pounds of uranium between 1975 to 1997 and is home to one of the largest uranium mills in the world.  The Key Lake mill processed ore from the McArthur River uranium deposit, until Cameco announced in 2018 that McArthur River mining would be suspended indefinitely due to low uranium prices.  The area is considered highly prospective to discover significant new uranium occurrences.

The 100% owned Key Lake South Projects consist of two projects (Karpinka Lake and Hobo Lake) covering 19,377 ha in 42 mineral claims.  The properties are located approximately 40km south of the historic Key Lake mine.  The  projects are geologically situated within the extremely prolific Wollaston-Mudjatic Transition Zone “WMTZ”, notable for hosting the majority of the major high-grade uranium deposits on the eastern side of the Athabasca Basin.  To the north, the Key Lake Deposit is hosted within the northern portion of northeast-southwest trending litho-structural feature known as the Key Lake Shear Zone “KLSZ”.  The KLSZ continues southward through the Karpinka Lake and Hobo Lake projects.  Together the properties cover approximately 50km of trend of the KLSZ, where a number of geochemical uranium anomalies have been discovered and where a network of EM conductors exhibit structural complexity including off-sets, breaks, folding and other geophysical features such as gravity and resistivity lows.  These features are often associated with uranium mineralization occurrences.

Table 1:  Winter 2019 PLN Drill Hole Summary

Target

Hole ID

Collar

* Down-hole Radiometric Highlights
with Mount Sopris 2PGA-1000 Natural Gamma Probe

Overburden Depth
(m)

Athabasca
Sandstone
Thickness (m)

Basement Unconformity
Depth (m)

Total Depth (m)

Azimuth

Dip

From (m)

To (m)

Width (m)

CPS Peak

A1 Conductor

PLN19-022

56

-62

184.8

185.6

0.8

547

115.6

19.5

135.1

290.0

PLN19-023

Abandoned

132.6

PLN19-023A

Abandoned

131.7

PLN19-023B

46

-77

148.5

149.4

0.9

731

114.8

13.1

127.9

389.0

PLN19-024

58

-72

203.6

204.9

1.3

912

111.5

8.0

119.5

266.0

214.3

216.1

1.8

891

PLN19-025

62

-72

196.4

196.7

0.3

548

118.8

0.2

119.0

299.0

199.3

199.6

0.3

644

212.8

213.6

0.8

834

PLN19-026

61

-79

154.0

154.3

0.3

712

108.5

16.8

125.3

353.0

162.8

163.2

0.4

1382

PLN19-027

47

-59

185.5

185.6

0.1

476

111.5

1.9

113.4

190.0

Total

2051.3

Hole by Hole Summary
The current drill program tested down-dip and along strike to the north and south of PLN14-019.

PLN19-022
PLN19-022 was an angled hole designed to test the up-dip extension of anomalous shear hosted radioactivity intersected in PLN14-019 ( 6.0m averaging 0.012 % U3O8). The drill hole intersected moderately bleached and fractured Athabasca sandstone from a depth of 115.6m to 135.0m , underlain by a thick sequence of variably hematite, clay and chlorite altered granite, granitic gneiss, mafic intrusive and pegmatite. A thin brittle-ductile shear zone was intersected from 177.7m to 185.5m with elevated radioactivity occurring between 180.0m to 180.5m up to 300 counts per second (cps) on a RS-121 handheld scintillometer. Fresh basement rocks were intersected at a depth of approximately 240m to a final depth of 290.0m .

PLN19- 023B
PLN19- 023B was an angled drill hole collared 30m grid north of PLN14-019, targeting PLN14-019 anomalous shear hosted radioactivity along strike. The first and second attempts to test this target, drill holes PLN19-023 and PLN19-023A, respectively, were both lost shortly after reaching bedrock due to poor ground conditions. PLN19- 023B cored  Athabasca sandstone from 114.8m to 127.9m underlain by a sequence of variably altered granite, granitic gneiss and mafic intrusives. Millimeter scale black radioactive blebs were identified in strongly hematized basement rock around 139m down hole, returning up to 210 cps on a RS-121 scintillometer.  A thin brittle-ductile shear zone was intersected from 188.2m to 193.7m but was not radioactive. Fresh basement rocks were intersected at a depth of approximately 244m to a final depth of 354.8m .

PLN19-024
PLN19-024 was an angled drill hole collared 30m grid south of PLN14-019 targeting the anomalous shear hosted radioactivity along strike.  Strongly fractured, locally bleached and hematized Athabasca sandstone was intersected from 111.5m to 119.0m . The Athabasca sandstone was underlain by variably altered granite, orthogneiss and mafic intrusives with a strongly clay altered graphitic mylonite occurring between 201.2m to 224.3m .  No anomalous radioactivity was intersected and the hole was terminated in fresh basement at a depth of 266.0m .

PLN19-025
PLN19-025 was an angled drill hole collared 30m grid south of PLN19-024.  The hole was designed to further test the strongly altered graphitic mylonite along strike. A thin lens of Athabasca sandstone was intersected from 118.8m to 119.0m which was underlain by variably clay, chlorite and hematite altered granite, orthogneiss, mafic intrusives and pegmatite. A thick graphite and sulphide-rich shear zone was intersected from 193.8m to 211.8m with weak hydrothermal alteration present throughout. The hole was terminated in fresh basement at a depth of 299.0m .

PLN19-026
PLN19-026 was an angled drill hole collared 80m grid west of PLN19-024 and targeted the down dip projection of the strongly altered graphitic shear zone, testing for basement hosted uranium mineralization at depth. Athabasca sandstone was intersected from a depth of 108.5m to 125.3m , underlain by weakly hematite, chlorite and clay altered granitic gneiss, mafic intrusives and granites. A weakly altered graphitic mylonite was intersected from 259.2m to 268.0m , with an associated radiometric peak of 1328 cps ( 162.8m to 163.2m ). The hole was terminated in fresh bedrock at a final depth of 353.0m .

PLN19-027
PLN19-027 was drilled approximately 1 km grid south of PLN14-019 and tested the up-dip projection of a graphitic shear zone intersected in drill holes PLN14-011 and PLN14-012 where a coincident north-south trending magnetic low is present. Athabasca sandstone was intersected from 111.5m to 113.4m , underlain by weak to moderately altered granite and orthogneiss to a depth of 190.0m where the drill hole was lost due to poor ground conditions. No anomalous radioactivity was intersected.

Natural gamma radiation in drill core that is reported in this news release was measured in counts per second (cps) using a Mount Sopris PGA-1000 Natural Gamma Probe and a hand-held RS-121 Scintillometer manufactured by Radiation Solutions. The reader is cautioned that scintillometer readings are not directly or uniformly related to uranium grades of the rock sample measured and should be used only as a preliminary indication of the presence of radioactive materials.

Samples from the drill core are split in half sections on site. Where possible, samples are standardized at 0.5m down-hole intervals. One-half of the split sample will be sent to SRC Geoanalytical Laboratories (an SCC ISO/IEC 17025: 2005 Accredited Facility) in Saskatoon, SK . Analysis will include a 63 element ICP-OES, and boron.

All depth measurements reported, including radioactivity and mineralization interval widths are down-hole, core interval measurements and true thickness are yet to be determined.

The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and reviewed on behalf of the company by Ross McElroy , P.Geol. Chief Geologist and COO for Fission 3.0 Corp., a qualified person.

About Fission 3.0 Corp.

Fission 3.0 Corp. is a Canadian based resource company specializing in the strategic acquisition, exploration and development of uranium properties and is headquartered in Kelowna, British Columbia . Common Shares are listed on the TSX Venture Exchange under the symbol “FUU.”

ON BEHALF OF THE BOARD

“Ross McElroy”

Ross McElroy , COO

Cautionary Statement: Certain information contained in this press release constitutes “forward-looking information”, within the meaning of Canadian legislation. Generally, these forward-looking statements 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”, “be achieved” or “has the potential to”. Forward looking statements contained in this press release may include statements regarding the future operating or financial performance of Fission 3.0 Corp. which involve known and unknown risks and uncertainties which may not prove to be accurate. Actual results and outcomes may differ materially from what is expressed or forecasted in these forward-looking statements. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Among those factors which could cause actual results to differ materially are the following: market conditions and other risk factors listed from time to time in our reports filed with Canadian securities regulators on SEDAR at www.sedar.com. The forward-looking statements included in this press release are made as of the date of this press release and Fission 3 Corp. disclaim 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 expressly required by applicable securities legislation.

SOURCE Fission Uranium Corp.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/February2019/14/c6707.html

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Precious Metals

ARCADIA ECONOMICS Silver Mint Sales Increase While Central Banks Continue To Buy Gold

Gold and silver prices are up on the year. And with good reason.
The Federal Reserve continues to indicate that rate hikes will be on pause. While also suggesting that they may stop unwinding their massive quantitative easing balance sheet. Meanwhile central banks around the globe continue to buy gold.
Toss in that a former J.P. Morgan trader plead guilty to manipulating the market and the Department of Justice has now opened an investigation, and you can only wonder how much longer the suppression scheme can continue.
So to find out more, click to watch the video now!
Chris Marcus
Arcadia Economics
“Helping You Thrive While We Watch The Dollar Die”
www.ArcadiaEconomics.com
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Junior Mining Oil & Gas

JERICHO OIL to Exhibit at NAPE Summit 2019 in Houston

TULSA, Okla. and VANCOUVER, British Columbia, Feb. 13, 2019 (GLOBE NEWSWIRE) — Jericho Oil Corporation (“Jericho”) (TSX-V: JCO; OTC PINK: JROOF) is pleased to announce its participation in the NAPE Summit 2019 as an exhibitor February 13-15, 2019 at the George R. Brown Convention Center in Houston, Texas.

Interested parties are invited to visit the Jericho team at Booth 4957 to learn more about the Company and its ongoing development and acquisition activities focused in the prolific Anadarko Basin STACK Play of Oklahoma.

The NAPE Summit brings together prospects and all the key players needed to evaluate, facilitate and execute deals. In the upstream oil and gas business, it is the largest and most successful event of its kind in the world.

Brian Williamson, CEO of Jericho Oil, stated, “Our team is excited about the current and future activities surrounding the STACK Play and we look forward to discussing this with industry leading participants at this year’s NAPE Summit.”

About Jericho Oil Corporation

Jericho Oil (www.jerichooil.com) is focused on domestic, liquids-rich unconventional resource plays, located primarily in the Anadarko basin STACK Play of Oklahoma.  Jericho’s primary business objective is driving long-term shareholder value through the growth of oil and gas production, cash flow and reserves.  Jericho has assembled an interest in 55,000 net acres across Oklahoma, including an interest in ~16,000 net acres in the STACK Play. Jericho owns a 26.5% interest in STACK JV.

Jericho’s current operations are focused on the oil-prone Meramec and Osage formations in the STACK.  The Jericho team applies advanced engineering analyses and enhanced geological techniques to under-developed resource areas.

Based in Vancouver, British Columbia, with operational headquarters in Tulsa, Oklahoma, Jericho trades publicly on the TSX-Venture (JCO) and OTC (JROOF). Jericho owns its net acre position in Oklahoma through, and participates in the STACK JV through, one or more wholly owned subsidiaries.

Cautionary Note Regarding Forward-Looking Statements: This news release includes certain “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and Canadian securities laws. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual events and results to differ materially from Jericho’s expectations include risks related to the exploration stage of Jericho’s project; market fluctuations in prices for securities of exploration stage companies; and uncertainties about the availability of additional financing.

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.

CONTACTS:
Adam Rabiner,
Director, Investor Relations
1.800.750.3520
investorrelations@jerichooil.com

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RIVERSIDE RESOURCES INC. Announces $1,500,000 Private Placement

GlobeNewswire
THIS NEWS RELEASE IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN

VANCOUVER, British Columbia, Feb. 13, 2019 (GLOBE NEWSWIRE) — Riverside Resources Inc. (the “Company” or “Riverside”) (RRI.V), is pleased to announce that it plans to complete a non-brokered private placement of up to 9,375,000 units at a price of $0.16 per unit to raise aggregate proceeds of C$1,500,000 (the “Offering”).

Each unit consists of one common share and one whole common share purchase warrant. Each common share purchase warrant is exercisable into one common share for a period of two (2) years from closing at a price of $0.22. If, at any time after four months following the closing of the Offering, the closing price of the common shares on the TSX Venture Exchange (“TSX-V”) is equal or greater than $0.45 for 10 consecutive trading days, the Company may accelerate the expiry date of the warrants by disseminating a press release announcing the new expiry date whereupon the warrants will expire on the 30th trading day after the date on which such press release is disseminated.

The Company will use the proceeds of the financing to fund a focused drill program at the Cecilia Gold Project, additional project acquisitions and further target refinement on existing projects to advance towards new partnerships. The Company may pay finders fees in cash or units to qualified finders of up to 8.0% of the aggregate gross proceeds realized from subscribers identified by the finder. The closing of the Private Placement is subject to TSX-V approval.

The securities being offered have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons without United States federal and state registration or an applicable exemption from registration requirements.

About Riverside Resources Inc.:
Riverside is an exploration company driven by value generation and discovery. The company has fewer than 45M shares issued and a strong portfolio of gold-silver and copper assets in North America. Riverside has extensive experience and knowledge operating in Mexico and leverages its large database to generate a portfolio of prospective mineral properties. In addition to Riverside’s own exploration spending, the Company also strives to diversify risk by securing joint-venture and spin-out partnerships to advance multiple assets simultaneously and create more chances for discovery. Riverside has additional properties available for option, with more information available on the Company’s website at www.rivres.com.

ON BEHALF OF RIVERSIDE RESOURCES INC.

“John-Mark Staude”
Dr. John-Mark Staude, President & CEO

For additional information contact:

John-Mark Staude
President, CEO
Riverside Resources Inc.
info@rivres.com
Phone:  (778) 327-6671
Fax:  (778) 327-6675
Web:  www.rivres.com		Raffi Elmajian
Corporate Communications
Riverside Resources Inc.
relmajian@rivres.com
Phone: (778) 327-6671 ext. 312
TF: (877) RIV-RES1 ext. 312
Web: www.rivres.com

Certain statements in this press release may be considered forward-looking information. These statements can be identified by the use of forward looking terminology (e.g., “expect”,” estimates”, “intends”, “anticipates”, “believes”, “plans”). Such information involves known and unknown risks — including the availability of funds, the results of financing and exploration activities, the interpretation of exploration results and other geological data, or unanticipated costs and expenses and other risks identified by Riverside in its public securities filings that may cause actual events to differ materially from current expectations. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.

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.

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DAVID STOCKMAN Americans Living On Borrowed Time

David Stockman | Americans Living On Borrowed Time

Feb 11, 2019 04:25 pm
By Remy Blaire

David Stockman, Author of Peak Trump
January was a month of extremes. The broader market managed a strong advance for the first month of 2019. The Dow Jones Industrial Average, Nasdaq and S&P 500 surged last month to notch their best monthly gains for January, in years – if not decades. On the other side of the spectrum, extreme weather patterns brought a blast of Arctic air that caused temperatures to plummet across the central and eastern U.S.
It was politics as usual and the partial U.S. government shutdown came to an end after 35 uncertain days. The January Federal Reserve meeting came and went with no change in rates but a notably dovish shift that emphasized the FOMC’s intention. The Fed stated that it would be “patient as it determines what future adjustments to the target range for the federal funds rate may be appropriate.”
There was some resolve at the end of January but plenty of questions still hung in the air.
The final month of 2018 had been a dismal one for Wall Street. The major stock indexes posted annual losses that were the worst since the deep tumble of 2008. Yet the turnaround that came after the year-end slump of 2018 saw the S&P 500 tack on 7.87% in January. The performance marked the index’s best advance since 1987.
BUBBLE READY TO BURST
David A. Stockman, former congressman and budget director for President Ronald Reagan, remembers 1987 very well. It was the year that Greenspan kicked off the “era of bubble finance.” This era simply kicked the can, or what Stockman calls “the day of reckoning,” down the road. Indeed, the balance sheet has gone from $200 billion to topping the trillion-dollar mark.

Stockman spent his early days in Washington D.C., engaging with several administrations of the White House and changes in Chairmanship at the Federal Reserve. He is quick to point out that the current “dysfunction in government” is worrisome and that there is “nothing but bad stuff ahead.”

Some things change while other things stay the same. In the case of borrowing by the federal government there have been no signs of a slowdown since Stockman first warned Americans about deficits during the Reagan years. While the debt-to-GDP ratio of the U.S. may not be at the very top of the list of worst offenders, it has cleared the 100% mark.
Stockman joined me at the NASDAQ MarketSite in New York to discuss his top concerns for the U.S. economy. He says that it’s not the trade deals or funding for a U.S.-Mexico border wall that are the most worrisome of issues. Instead, he remarks that Americans are living on borrowed time and the root of the problem lies in “bad” money.
Sept. 20, 2018, is indicated as an important date. He delves further into the significance of that day in another interview and in his latest book, Peak Trump. In case you’re wondering about Stockman’s prediction for the next stock market correction – listen closely to his answer and learn how he is planning for his grandchild’s financial future:
Interview segment with David Stockman on January 24, 2019: CLICK HERE.
THE BIG FREEZE
Winter usually brings colder and shorter days and plenty of inclement weather. While most of the country is thawing out from the recent bout of wintry weather, forecasts for slower economic growth continue to be issued by global institutions and investment houses.
The 2019 State of the Union did not address specific policy solutions to the problems that Trump says would endanger the national economy. Yet the immediate potential crises on the horizon include: the short-term government funding measure set to expire on Feb. 15 and the clock is ticking for the debt ceiling reinstatement on March 2.
In addition, the expiration of the U.S.-China trade tariff truce is March 1. U.S. officials will be heading to Beijing on Feb. 14-15 with the delegation comprised of Robert Lighthizer, Steven Mnuchin and David Malpass.
Whether March welcomes a balmy environment for market sentiment – time will deliver the outcome of the negotiations.

Stockman wonders how the nation will fare in the aftermath of these risk events and remarks that Americans will “reap the consequences of the money-printing spree … and massive borrowing by the public and private sectors.”  Even cautious optimism isn’t convincing enough to drag gold lower.

As the equity markets recovered in January the bond market did not reflect risk-on behavior. At the same time spot gold extended gains last month and held above the $1,300 per ounce level. Gold has managed to hold onto multi-month highs as the Fed rate outlook hit the “pause” button.
In the short-term, the precious metal is caught in a tug-of-war between a stronger dollar and fundamental risks. At the very least the dovish Federal Reserve should provide support for gold prices.
According to the World Gold Council, holdings of gold ETFs last month marked their highest level since March 2013. The spotlight was shining on inflows into global gold ETFs that increased 72 tonnes in January. The WGC pointed out that net longs are below historical averages. In the beginning of February, the outflows of global gold ETFs were notable.
Amid rising gold prices and increased M&A activity among the mining majors, the outlook for the yellow metal may be brighter.
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Exclusive Interviews

JAYANT BHANDARI A Rational Speculator’s Portfolio

Renaissance Gold (REN)

Last month I gave a speech at the Vancouver Resource Investment Conference, in which I talked about why most of the questions asked and discussed at mining conferences are erroneous and have nothing to do with making money from investing in mining.
My interest is not in speculating in commodities or to look for leverage, both of which are utterly disastrous to my capital, but to invest in mining for the upside that I see in terms of the value in the ground that has escaped the attention of the market. Also, I want to ensure that I provide downside support to my portfolio. When one focuses on protecting one’s capital, the upside takes care of itself:



The companies I mentioned in the speech are also linked here.
On investments…
Renaissance Gold (REN; C$0.175) is a company I have written about in the past. Last month, REN entered into an agreement with OceanaGold, and another with Hochschild. In my view, just these two agreements more than justify the enterprise value of REN. REN has option agreements on ten other projects with companies like Kinross, Anglo Gold, Ramelius, Coeur, etc. Moreover, REN is well cashed up.
Finally, if you have not already registered, tickets for the next Capitalism & Morality are going away fast. Of course, this is a philosophy seminar, but in my view, philosophy underpins everything in life.
Warm regards,

Jayant Bhandari

Associate: Rajni Bala

Disclaimer: All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. The sole purpose of these musings is to show my thinking process when analyzing a stock, not to provide any recommendation. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this site, expressed or implied herein, are committed at your own risk, financial or otherwise.

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Money Map’s Elite Black Diamond Conference


Dear Reader,
Real opportunities don’t come along very often. And when they do, you need to be prepared.
That’s why I say The Black Diamond Conference is an ‘invaluable opportunity’.
The folks at Money Map Press don’t think it’s enough to simply tell you about the biggest financial opportunities…
They want to show you how to put that information into action.
Join Tom Gentile, Chris Johnson, Shah Gilani, D.R. Barton, Jr., Michael Robinson, Keith Fitz-Gerald, Dr. Kent Moors, and Special Guest Rick Rule in beautiful Delray Beach, Florida…
And let these leading investment experts reveal how you can attain “the good life” for yourself.
Money Map’s gurus will share all the tools, techniques and strategies that made them fortunes…
In fact, that’s the one reason you’ll be seeing them at The Black Diamond Conference…
Each has proven beyond any doubt that they can show ordinary folks how to become MILLIONAIRES.
These experts will be rubbing shoulders with you… listening to your stories and answering your questions… and revealing opportunities that most folks never even hear about.
And you’re going to experience it all step by step, live and in person, in wonderful company with like-minded people who share the same interests as you.
But don’t just take my word for it…
In this short video you can hear from some of our past attendees. You’ll learn firsthand why we say The Black Diamond Conference is an invaluable opportunity!
And there’s one more thing.
Right now for a very limited time, you have the opportunity to experience this exclusive event at a discounted rate…
But you’ll need to act fast to secure your spot before the price increases by hundreds of dollars.
Get all the details and register here at the lowest price possible.
Once you’ve submitted your registration, you’ll get the full Black Diamond Conference experience, which includes:

  • Live trainings covering cutting-edge investment opportunities, new trading strategies, market analysis, future trends, and more…
  • Networking with like-minded readers from around the globe…
  • The chance to meet the Money Map team, including the experts, gurus, and editors driving the boldest, most profitable investing ideas on the planet…
  • Elite exhibitors with exclusive Black Diamond offers…
  • World-class food and entertainment…

Plus… you’re sure to meet friends and make new ones, all while having an unforgettable time at the oceanfront Delray Beach Marriott where a dip in the warm, crystal clear Atlantic Ocean is just steps from your door.
I hope you’ll join us for this unique opportunity – April 4-6, 2019 – and let leading investment experts show you how you can grow your wealth and live a rich life.
Cordially,

Barbara Perriello, Director
Opportunity Travel
P.S. Delray Beach is a joy to visit. “Florida’s Village by the Sea” is well known for its fun atmosphere, award-winning cafes and restaurants, unique galleries and boutiques, and tons of entertainment options.
If you’re attending The Black Diamond Conference and would like to extend your stay, please let us help you get the most out of your conference experience. Simply contact Opportunity Travel today by phone at +800 926 6575 or +561 243 6276, or email us at info@opportunity-travel.com.
Where We’re Headed Next

 

Join us in Bangkok from 21-23 February and put your overseas dream on the fast track. Give us two-and-a-half days…and we’ll give you everything you need to put yourself on the path to the good life. Reserve your place now and save $200.
Go here for the full details
Opportunity Travel’s
Southeast Asia Tour to Thailand & Malaysia
February 24-March 3, 2019

Post-Tour Following International Living’s
2019 Southeast Asia Fast Track Your Retirement Overseas Conference
Bangkok, Thailand – February 21-23

Since we’ll be right here in beautiful Bangkok for the IL conference, we’ve designed an exclusive, fun-filled post conference tour that’s a first class, luxurious journey. You’ll get a chance to see firsthand why travelers and expats alike simply love everything about Thailand and Malaysia. Get full details about this exclusive expedition and guarantee yourself a spot – but you’ll have to act fast, only 20 spaces are available. Call me at 800 926 6575 or +561 243 6276, or email atinfo@opportunity-travel.com.

The Oxford Club’s 21st Annual Investment U Conference
March 28-31, 2019 – The Vinoy Renaissance Resort


Every spring, The Oxford Club hosts its biggest event of the year –the Annual Investment U Conference. For this signature event, we spare no expense to bring you the latest and greatest from the investing world as well as a real no-nonsense look into the markets.
Throughout this event, you’ll discover dozens of profitable ideas from our team of expert analysts, as well as investment insights from more than two dozen of the industry’s top economists and investment minds.
Join us as we celebrate more than two decades of success and tremendous profit opportunities brought to life through this premier event. Year-after-year – we’ve seen the ideas shared here soar to great heights and we are thrilled to see what’s in store next.
For more information on this event, and to reserve your spot today, click here. If you have any questions about the event, please email us at voyagerclub@oxfordclub.com or call us at +443.708.9411.

Money Map Press presents…

The Black Diamond Conference
Delray Beach Marriott – April 4-6, 2019

Now Accepting Registrations – Act Now & Save

Our next Money Map Press event will take place at one of the most beautiful oceanfront hotels in Florida… the Delray Beach Marriot. Escape with us to Florida’s sun-drenched beaches and take in all that this hip and happening town has to offer.
Money Map’s gurus will share all the tools, techniques and strategies that made them fortunes… and they’ll show you how to attain “the good life” for yourself. Right now for a very limited time, you have the opportunity to experience this exclusive event at a discounted rate.
Go here for full details and registration

Sprott Natural Resource Symposium 2019
Fairmont Hotel Vancouver – July 30-August 2, 2019

Plan your 2019 vacation now – we’ll be happy to help you!
Get the lowest price possible for this popular, long-running conference that just keeps getting better year after year!
Join our chairman and personal host, Rick Rule in the heart of downtown Vancouver for this sell-out event. It’s not too soon to claim your Advance Pricing discount!
Click here for details. You really can’t beat this offer!
For more information about any of these events or expeditions, simply give us a call right now at 800 926 6575 or 561 243 6276, OR send us an email atinfo@opportunity-travel.com

Uruguay & Argentina – November 2019
Opportunity Travel’s South America Expedition
Call now to get your name on the list!

One of our most popular tours! Come November 2019 and once again we’ll be heading south to Uruguay and Argentina where we’ll show you so much more than the wonders these countries are known for. We’d love to have you join us!
Tantalizing wines, fabulous farm to table dining and sensuous tango are just a small snippet of what we have in store. Add to that our unique brand of personal service, luxury hotels and “boots on the ground” experts. Find out for yourself why our past attendees return again and again.
Call now to get your name on the list – 1-800-926-6575 or +561-243-6276, OR send us an email at info@opportunity-travel.com

For more information about our tours or conferences, please contact, Barbara Perriello or Michelle Sedita at Opportunity Travel by email atinfo@opportunity-travel.com or by phone at +561.243.6276 or toll-free at +800.926.6575.

Disclaimer: Nothing in this e-mail should be considered personalized investment advice. Although our employees may answer your general customer service questions, they are not licensed under securities laws to address your particular investment situation. No communication by our employees to you should be deemed as personalized investment advice. In the interest of full disclosure: Opportunity Travel may receive commissions from any property sales made during any of its trips. And, as a travel agency, we often receive a commission from hotels when we book rooms for our tours and conferences.
Copyright © 2019 Opportunity Travel, All rights reserved.
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Categories
Junior Mining Oil & Gas

JERICHO OIL Report from IHS Markit notes a new Oklahoma land rush is underway in the Anadarko Basin

Booming production is leading to a 21st-century “land rush” for mineral rights in the Anadarko Basin, an oil and natural gas industry analyst reported on Thursday.

IHS Markit, a publicly traded data and analysis firm, estimates the basin holds more than 16 billion barrels of oil and more than 200 trillion cubic feet of natural gas within reservoirs that can be drilled and produced using today’s technologies.

The report notes that horizontal wells that were drilled and completed the past decade within the basin, which extends north and west from southern Oklahoma into parts of Texas and Kansas, already created a tsunami of growing production that doesn’t appear will slow anytime soon.

It adds that IHS Markit analysts estimate only about 20 percent of “sweet spot” locations within one of its plays, the STACK, have been drilled so far.

“The play is still in its early stages of unconventional development,” said John Roberts, IHS Markit’s global subsurface operations executive director. “We can easily envision an additional 4,000 to 5,000 horizontal wells drilled.”

Roberts and IHS Markit report co-author Prithiraj Chungkham, its director of unconventional resources, said they have identified 41 stacked plays within the Anadarko where unrisked resources likely could be found.

Predictably, the report states that IHS Markit has noticed frenzied activities on the part of both company-owned and independent land offices seeking to obtain rights involving those plays before any wells are drilled.

“We are now witnessing a new kind of Oklahoma land rush,” Roberts said. “But unlike what happened in 1889 when lands were opened to settlement, this time the competition is for access to the energy resources that lie below the surface.”

Article URL:  https://newsok.com/article/5619951/report-from-ihs-markit-notes-a-new-oklahoma-land-rush-is-underway-in-the-anadarko-basin

Categories
Junior Mining

MARITIME Announces Management Changes

Vancouver, British Columbia–(Newsfile Corp. – February 7, 2019) – Maritime Resources Corp. (TSXV: MAE) (“Maritime” or the “Company”) announced that the following management changes have occurred:

  • Ms. Niina Makela has resigned as Maritime’s Chief Financial Officer;
  • Ms. Germaine M. Coombs CPA, CMA has been appointed as Maritime’s Chief Financial Officer;
  • Ms. Jacqueline Collins has resigned Maritime’s Corporate Secretary; and
  • Ms. Lorna D. MacGillivray LLB has been appointed as Maritime’s Corporate Secretary.

Maritime’s President and Chief Executive Officer, Mr. Garett Macdonald, stated, “I would like to thank Niina and Jackie, on behalf of Maritime and its Board, for their contributions to the Company as Maritime’s Chief Financial Officer and Corporate Secretary, respectively and for their assistance with the transition to a new management team. I am also pleased to welcome Germaine and Lorna to Maritime and look forward to working with them as we advance the Hammerdown gold project in Newfoundland & Labrador.”

Ms. Coombs also serves as Vice President and Chief Financial Officer of Aurelius Minerals Inc. and previously was the Vice President and Chief Financial Officer for Stonegate Agricom Ltd. from August 2010 until July 2017. Prior to this, she was Corporate Controller for FNX Mining Company Inc. from August 2004 to May 2010. From 1998 to 2004, she held progressively senior accounting roles at the Iron Ore Company of Canada, a Rio Tinto company. Ms. Coombs brings over 20 years of extensive financial and commercial experience predominantly in the mining and resource industry, successfully leading finance teams through different stages of project financing, construction and operations.

Ms. MacGillivray also serves as Corporate Secretary of Aurelius Minerals Inc. and previously was the Vice President, Secretary and General Counsel for Stonegate Agricom Ltd. from August 2008 until July 2017. Prior to that, she was Assistant Secretary of Thompson Creek Metals Company Inc. from May 2007 to May 2011. Previously, she was Corporate Secretary and General Counsel of Glencairn Gold Corporation from November 2003 to January 2008. Ms. MacGillivray has 30 years of in-house legal and corporate secretarial experience for mining companies, including Campbell Resources Inc., Zemex Corporation and Northgate Exploration Limited.

About Maritime Resources Corp.:

Maritime Resources holds a 100% interest in the Green Bay Property, including the former Hammerdown gold mine, located near Springdale, Newfoundland and Labrador, Canada.

Maritime Resources Corp.
Garett Macdonald, President & CEO

For further information, please call:
Garett Macdonald
Telephone: 416 365 5321
info@maritimegold.com

www.maritimeresourcescorp.com

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. Statements in this press release, other than purely historical information, including statements relating to the Company’s future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements
Caution Regarding Forward Looking Statements:
Certain information included in this press release, including information relating to future financial or operating performance and other statements that express the expectations of management or estimates of future performance constitute “forward-looking statements”. Such forward-looking statements include, without limitation, statements regarding copper, gold and silver forecasts, the financial strength of the Company, estimates regarding timing of future development and production and statements concerning possible expansion opportunities for the Company. Where the Company expresses or implies an expectation or belief as to future events or results, such expectation or belief are based on assumptions made in good faith and believed to have a reasonable basis. Such assumptions include, without limitation, the price of and anticipated costs of recovery of, copper concentrate, gold and silver, the presence of and continuity of such minerals at modeled grades and values, the capacities of various machinery and equipment, the availability of personnel, machinery and equipment at estimated prices, mineral recovery rates, and others. However, forward-looking statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed, projected or implied by such forward-looking statements. Such risks include, but are not limited to, interpretation and implications of drilling and geophysical results; estimates regarding timing of future capital expenditures and costs towards profitable commercial operations. Other factors that could cause actual results, developments or events to differ materially from those anticipated include, among others, increases/decreases in production; volatility in metals prices and demand; currency fluctuations; cash operating margins; cash operating cost per pound sold; costs per ton of ore; variances in ore grade or recovery rates from those assumed in mining plans; reserves and/or resources; the ability to successfully integrate acquired assets; operational risks inherent in mining or development activities and legislative factors relating to prices, taxes, royalties, land use, title and permits, importing and exporting of minerals and environmental protection. Accordingly, undue reliance should not be placed on forward-looking statements and the forward-looking statements contained in this press release are expressly qualified in their entirety by this cautionary statement. The forward-looking statements contained herein are made as at the date hereof and the Company does not undertake any obligation to update publicly or revise any such forward-looking statements or any forward-looking statements contained in any other documents whether as a result of new information, future events or otherwise, except as required under applicable security law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/42720