VANCOUVER, British Columbia, Feb. 07, 2019 (GLOBE NEWSWIRE) — Aben Resources Ltd. (TSX-V: ABN) (OTCQB: ABNAF) (Frankfurt: E2L2) (the “Company”) announces, pursuant to its stock option plan, the Company has granted incentive stock options to its directors, officers, employees and consultants to purchase up to an aggregate of 4,000,000 common shares in the capital stock of the Company, exercisable for a period of two years, at a price of $0.16 per share. The Company’s 10% rolling stock option plan was approved by the shareholders at the Annual General Meeting of the Company held on July 25, 2018.
About Aben Resources:
Aben Resources is a Canadian gold exploration company developing gold-focused projects in British Columbia, the Yukon Territory, and Saskatchewan. Aben is a well-funded junior exploration company with over $5 million in its treasury and no debt.
For further information on Aben Resources Ltd. (TSX-V: ABN), visit our Company’s web site at www.abenresources.com.
ABEN RESOURCES LTD.
“Jim Pettit” ______________________ JAMES G. PETTIT President & CEO
For further information contact myself or: Don Myers Aben Resources Ltd. Director, Corporate Communications Telephone: 604-687-3376 Toll Free: 800-567-8181 Facsimile: 604-687-3119 Email: info@abenresources.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This release includes certain statements that may be deemed to be “forward-looking statements”. All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expects, are forward-looking statements. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. The Company undertakes no obligation to update these forward-looking statements if management’s beliefs, estimates or opinions, or other factors, should change. Factors that could cause actual results to differ materially from those in forward-looking statements, include market prices, exploration and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see the public filings of the Company at www.sedar.com for further information.
Michael Rowley of President and CEO of Group Ten Metals(TSX: PGE) sits down with Maurice Jackson of Proven and Probable to discuss the company’s latest press release regarding the High-Grade Palladium, Platinum, and Gold results from the Wild West and Boulder Target Areas, which are the beginning 2 out of 14 Target Area results. Shareholders will be extremely impressed with the company’s findings.
Source: Maurice Jackson for Streetwise Reports (2/7/19)
Michael Rowley, president and CEO of Group Ten Metals, sits down with Maurice Jackson of Proven and Probable to discuss his company’s recent drill results at its Montana PGE project that is also showing significant gold mineralization.
Maurice Jackson: Joining Proven and Probable today is Michael Rowley, president and CEO of Group Ten Metals Inc. (PGE:TSX.V; PGEZF:OTC), which is known for platinum, palladium, nickel, copper and cobalt in the prolific Stillwater district of Montana. Mr. Rowley, welcome to the show. Michael Rowley: Thank you, Maurice, glad to be back. Maurice Jackson: Glad to have you back, sir. In 2018, Group Ten Metals began its first season on the ground and identified 14 target areas on its flagship project, Stillwater West. Today, we have the results from 2 of the 14 target areas, which are quite impressive. But before we begin, for someone new to the story, who is Group Ten Metals and what is the thesis you are attempting to prove? Michael Rowley: At the very highest level, we are applying geologic models that were developed at the world’s biggest and most economic platinum, nickel and copper mines. These are the mines of the Northern Bushveld or Platreef District in South Africa. We’re applying those models to the Stillwater Complex in Montana, and this has not been done systematically before. The Bushveld and Stillwater Complexes are both large Igneous Complexes, they’re both magmatic systems, and there are many known parallels between the two. Despite those parallels, we are the first to bring together a large land position with a truly fantastic database and then bring in this Platreef expertise to enable a systematic exploration for these massive deposit types at Stillwater. In discussing that expertise, it’s worth noting that Ivanhoe’s Dr. David Broughton, who is one of the co-discoverers of its Platreef mine, which is now in development, joined our team late last year, which is a pretty good validation that we’re on the right track here in Stillwater. Maurice Jackson: In our last interview, you shared the next unanswered question for Group Ten Metals would be assay results. On the 25th of January, Group Ten Metals issued a press release entitled “Group Ten reports high-grade palladium, platinum, and gold from the Wild West in Boulder target areas at the Stillwater West project, Montana.” Take us to the Wild West target area and provide us with some in-depth analysis on Group Ten Metals’ results there. Michael Rowley: To begin, the press release issued on January 25, 2019, will be the first in a planned series and shareholders will see that the road map in the upper left corner of the image above. We’ve divided this 25-km-wide property into a series of target areas, and we’ll basically be releasing results west to east in the areas that you see. It’s the Chrome Mountain and Iron Mountain area that have the most drill results historically, that will be the subject of subsequent news releases here. In terms of the current news, it focused on the Boulder and Wild West, which are highlighted above, and the Wild West target area has the Platreef potential that we see property-wide is well-documented there historically. It also has the reef type, high-grade targets as shown in the red ellipses at the top of the claim block, and then it also has this high-grade gold occurrence, which is the Pine Shear zone, and that may be unexpected for some people, given that Stillwater camp is more generally known for palladium and platinum and nickel and copper, chrome. This is actually a significant area of gold mineralization and it’s got some spectacular hits. In terms of the Platreef target, this conductive high that’s shown contains some very high level conductance in the rocks as evidenced by the purples and pinks. Historical drilling has shown that it does indeed contain copper and nickel, and that’s an excellent indication of a potential for this Platreef style mineralization. We also have some spectacular palladium hits, such as 10 gram per tonne palladium, very high grade, also with significant platinum that shows not only the level of mineralization in the system but also the potential for these high-grade reef-type deposits that, of course, the area is more known for. It’s worth noting that sitting just above the claim there is the 80 million ounce JM-Reef deposit, which averages a staggering 16 grams per tonne of palladium and platinum, so you know there’s a lot of metal in the system and this lower zone that we’re in continues that trend. In addition to the high-grade samples summarized in this table, bottom left, we see some very good hits of palladium, platinum, and also some good indications of base metal mineralization, which again ties into that Platreef bulk mineable scenario. These are priorities for follow up in 2019 and we look forward to discussing that in further news releases. The Pine Shear, which is noted above, has shown to contain gold. These 2004 hits were actually drilled by our current qualified person; they’re not considered historical, and confirm the presence of significant copper and nickel in that system although the conductive highs have not been tested and that’s one of our key items for follow up. These PC series of holes from 1983 show the potential of this Pine Shear zone, which is a later geologic event within the Stillwater layered system. Something has introduced a lot of gold to the system as shown by these fantastic lengths and mineralization, gold mineralization. We see, for example, 11 meters at 12 grams per tonne gold, which is a very high-grade hit and good length within that 8 meters at 16 grams per tonne, and then the hole PC5, 3 meters at a staggering 23 grams per tonne, that’s 2/3 of an ounce, so it’s very high-grade and nice lengths of it. That’s definitely something for follow up in 2019. In addition, we’ve got grab samples in that area, rock chip samples, and we see not only high-grade gold mineralization as shown in this first sample here, 22 grams per tonne gold, but in addition, we see some high-grade palladium, 10 grams per tonne gold and almost 4 platinum as well. So you’re seeing mineralization throughout this area. Not only the PGE-nickel-copper that you might expect from the district, but also high-grade gold, and that’s very compelling for follow-up in 2019. Maurice Jackson: Michael, these numbers are quite impressive. But let me ask you this, you’re in the most prolific area with the highest grades, concentration grades of platinum and palladium. You strategically have your assets positioned there, so were you really surprised? Michael Rowley: No, and we, of course, had seen this data as we got into the project in the early days, it’s nice to prove it up in the compellation effort and make it more formal and we can then discuss it publicly, but the Stillwater district is very well mineralized and you’re right, that is very well known. What’s pleasing now is to be able to reveal the results of the compellation effort and plan our programs for 2019 so we begin to reveal what we think we’ve got. Maurice Jackson: Well, the results are remarkable. We discussed the Wild West. Let’s move to the Boulder target area. What has Group Ten Metals excited here? Michael Rowley: The Boulder area has less data than Wild West and then less data still than the Chrome Mountain and Iron Mountain target areas, however, it does have that lovely conductive high as shown in Figure 1. And, once again, the conductive highs have not been systematically tested. We do have the data from a historical drill hole, that’s BR2, shown more or less the middle of the Boulder target area. And that shows nice intercepts of copper-nickel mineralization. We have no PGE data on that, and that’s something that we’d like to remedy. In addition, we’ve got a very nice base metal hit up here including a very nice cobalt of 0.117, which speaks to the technology and battery metal potential of the system. The Bushveld is less known for cobalt, but we’re seeing very nice levels of cobalt here in the Stillwater Complex, which adds a nice co-product to a new potential operation here. So in terms of 2019, Boulder won’t be a focus as we’ll discuss later, we’re going to have to focus on the more advanced target areas, however, we definitely will go back there and we’ll continue to move it along in our 2019 Program. Maurice Jackson: Switching gears, we introduced the value proposition of Group Ten Metals on the 2nd of November. Since then, the company has successfully conducted a financing and the share price is up 29%. Please provide us with the company’s current capital structure. Michael Rowley: We have 59 million shares outstanding at present and a market cap of about $12 million and that follows a raise of $1.2 million back in November, which we did at 15 cents in rather challenging market conditions, which speaks to the strength of this project in particular to attract investments, even in a rather challenging market. Maurice Jackson: Sir, what is the next unanswered question for Group Ten Metals, when should we expect results and what determines success? Michael Rowley: Well, I guess the unanswered question is, how is this possible, is there actually Stillwater in Montana? These districts have a lot of parallels and Stillwater is well known for these three very high-grade palladium-platinum mines. We’re looking forward to revealing why we think it’s there and how it’s been overlooked historically. This district has not been systematically explored for these target types and we’re the first to bring together the land position with the data with a team to do just that, and we’ll be launching a series of news releases to reveal what the past year of compellation work has shown us and what we, including David Boughton, see in the project and the potential. Again, we’ll move from west to east across the project and the next news releases will detail the Chrome Mountain and Iron Mountain target areas, which include the most of the historical data including the 200 drill holes, and, of course, we have almost 12,000 meters of that core in our possession and have re-logged it now, so there’s some very exciting revelations to be revealed in the coming news releases. Maurice Jackson: Mr. Rowley, what do you see as the biggest challenge for Group Ten Metals and how do you plan to mitigate that situation? Michael Rowley: The biggest challenge facing us may just be the size of the project. It’s fantastic in the scale as you’ve seen from our figures, we may have as many as eight Platreef deposits across that, based on the coincidence geophysical anomalies, soil anomalies, and then just the geology and historical drill results. Thankfully, and the way to address that, is the quantity of data, the compilation effort that we’ve done, helps us focus our exploration efforts so prioritizing targets is very much the plan, we’ve done that and we look forward to revealing our 2019 plans. We’re going to focus basically on the Chrome Mountain and Iron Mountain areas where we have the greatest density of historical drilling and go out from there. And I think it will be a very exciting year for us as we reveal what we have and build it out with a 2019 exploration program. We had a terrific reception at the Core Shack at Roundup, we definitely attracted the attention of majors, and that’s the way forward that we see, if we do a couple of rounds here ourselves, and prove up what we think we have, and then look to engage bigger partners down the road as that becomes appropriate. Maurice Jackson: Sir, we’ve covered the good. What keeps you up at night that we don’t know about? Michael Rowley: The last time we talked, it was the share price and that has gotten a lot better as you mentioned, thanks to our campaign of news releases and I think also the Core Shack at Roundup did a lot for us. The good news in terms of share prices that we’ve only just begun to reveal what we have on the project, and we have a series of planned news releases and a major promotional push beginning here which will carry us right up through PDAC in March. We’ve had a number of very excellent meetings as well recently, and we’re excited to begin to reveal what we think we’re onto and what 2019 will hold for the company. I think it’ll be a pivotal year. Maurice Jackson: Michael, today we’ve covered the value proposition of Group Ten Metals but Group Ten Metals is actually one of three companies comprising the Metallic Group of Companies. Please introduce them to us and share their value propositions with us. Michael Rowley: The Metallic Group is a collaboration of three independent public exploration companies, growth-stage companies. We’ve essentially launched one company each year, Metallic Minerals in 2016, Group Ten in 2017, and then most recently Granite Creek Copper just a few weeks ago. Each one has been put together with the same method that you see at Group Ten, which is to acquire high-quality brownfields assets in a known mining district beside an existing mine, and then make that acquisition strategically in a depressed market at a price that would not otherwise be possible in a more normal market. And then add a substantial database to that and a world-class technical team, a world-class corporate team as well, and bring in geologic models from outside that district. Shareholders have seen us do that at Group Ten, we’re applying this Platreef thinking for the Bushveld, South Africa, to the Stillwater District. Metallic Minerals, ticker is MMG, is applying geologic models from the multi-billion ounce Coeur d’Alene silver district in Idaho to the Yukon’s Keno High-Grade Silver district. And the parallels are there, there are very good indications of success in that one. And then similarly at Granite Creek Copper, GCX is the ticker. We’re applying geologic models that are new in the district, this is a billion pound copper district in the Yukon. Models that were developed in the neighboring Minto mine, we’re applying to the Stu high-grade copper project, and that one is shaping up very nicely as well. It’s only been trading for about 10 days at this point and there’s a lot to be released on that one in the coming months. In all three cases, we expect to add value by de-risking the projects and fast-tracking them to resource to delineation stage. Maurice Jackson: Michael, for someone listening that wants to get more information on Group Ten Metals, please share the website address with us. Michael Rowley: The website is http://www.grouptenmetals.com. Maurice Jackson: And as a reminder, Group Ten Metals trades on the TXS.V:PGE, and on the OTCQB:PGEZF; for direct inquiries please contact Chris Ackerman at 604-357-4790 extension 1, or email info@grouptenmetals.com, as reminder Group Ten Metals is a sponsor of Proven and Probable, and we are proud shareholders for the virtues conveyed into today’s interview. Last but not least, please visit our website www.provenandprobable.com where we interview the most respected names in the natural resource space. You may reach us at contact@provenandprobable.com. Michael Rowley of Group Ten Metals, thank you for joining us today on Proven and Probable. Maurice Jackson is the founder of Proven and Probable, a site that aims to enrich its subscribers through education in precious metals and junior mining companies that will enrich the world.
Disclosure: 1) Maurice Jackson: I, or members of my immediate household or family, own shares of the following companies mentioned in this article: Group Ten Metals and Metallic Minerals. I personally am, or members of my immediate household or family are, paid by the following companies mentioned in this article: None. My company has a financial relationship with the following companies mentioned in this article: Group Ten Metals and Metallic Minerals are sponsors of Proven and Probable. Proven and Probable disclosures are listed below. 2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: None. Click herefor important disclosures about sponsor fees. 3) Statements and opinions expressed are the opinions of the author and not of Streetwise Reports or its officers. The author is wholly responsible for the validity of the statements. The author was not paid by Streetwise Reports for this article. Streetwise Reports was not paid by the author to publish or syndicate this article. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy. 4) This article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports. 5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. Proven and Probable LLC receives financial compensation from its sponsors. The compensation is used is to fund both sponsor-specific activities and general report activities, website, and general and administrative costs. Sponsor-specific activities may include aggregating content and publishing that content on the Proven and Probable website, creating and maintaining company landing pages, interviewing key management, posting a banner/billboard, and/or issuing press releases. The fees also cover the costs for Proven and Probable to publish sector-specific information on our site, and also to create content by interviewing experts in the sector. Monthly sponsorship fees range from $1,000 to $4,000 per month. Proven and Probable LLC does accept stock for payment of sponsorship fees. Sponsor pages may be considered advertising for the purposes of 18 U.S.C. 1734. The Information presented in Proven and Probable is provided for educational and informational purposes only, without any express or implied warranty of any kind, including warranties of accuracy, completeness, or fitness for any particular purpose. The Information contained in or provided from or through this forum is not intended to be and does not constitute financial advice, investment advice, trading advice or any other advice. The Information on this forum and provided from or through this forum is general in nature and is not specific to you the User or anyone else. You should not make any decision, financial, investments, trading or otherwise, based on any of the information presented on this forum without undertaking independent due diligence and consultation with a professional broker or competent financial advisor. You understand that you are using any and all Information available on or through this forum at your own risk. Images provided by the author.
Click here for the complete press release. Stefan Axell Director, Corporate Affairs 416-306-6328 info@franco-nevada.com Sandip Rana Chief Financial Officer 416-306-6303
VANCOUVER, BC / ACCESSWIRE / February 6, 2019 /NV Gold Corporation (TSX-V: NVX; OTC PINK: NVGLF) (“NV Gold” or the “Company“) is pleased to announce that Dr. Marcus Johnston has joined the Company as Vice President of Exploration, after serving as a consultant and Exploration Manager for NV Gold since early 2018.
“I am pleased to welcome Dr. Marcus Johnston to NV Gold’s executive management team as VP Exploration, after assisting the Company as Exploration Manager over the past year,” John E. Watson, Chairman of NV Gold commented. “We are currently reviewing multiple priority accretive exploration projects in preparation for the 2019 season, with the objective of securing an advanced mineral project to actively explore utilizing our multiple extensive geological databases, and in-house technical team and Board. Dr. Johnston’s extensive experience of evaluating and exploring properties in Nevada, will play a key role in advancing our mineral property portfolio in 2019. With a tight corporate share structure, low burn rate, and focused management team, we look forward to a positive year ahead. I wish to thank our supportive and patient shareholders, as displayed in the recent AGM voting, as we ensure we select and advance key mineral properties for exploration.”
Dr. Marcus Johnston, PhD in Economic Geology, brings more than 20 years of experience in exploration and mining, with an emphasis on mineral systems in Nevada. Dr. Johnston has consulted to various private groups over the past four years, including NV Gold, since early 2018. Prior to this, he has worked with Renaissance Gold Inc., Victoria Gold Corp., and Newmont Gold Corp. Dr. Johnston began his research on Carlin-type deposits in 1997, which led directly to the discovery of the Helen Zone (current resource is 713,000 oz gold and 237,000 oz silver) near the old Cove open pit in north-central Nevada, and revitalization of the entire McCoy mining district (now owned by Premier Gold Mines Ltd.). Dr. Johnston has evaluated more than 500 properties in Nevada, and played an integral role in advancing numerous exploration projects and active mines. Dr. Johnston holds a BSc from George Mason University, an MSc from the University of North Carolina Wilmington, a PhD from the Ralph J. Roberts Center for Research in Economic Geology at the University of Nevada, Reno, and is an active member and former President and Director of the Geological Society of Nevada.
NV Gold reports the strong support and re-election of John Watson (Chairman and CEO), Peter A. Ball (President & COO), Dr. Quinton Hennigh, Dr. Odin Christensen, and Alfred “Alf” Stewart as Directors of the Company at its annual general meeting held January 30, 2019. At the meeting, the Company’s shareholders also approved the renewal of the Company’s stock option plan and the re-appointment of Davidson & Company LLP as auditors of the Company, as set out in the Company’s management information circular dated December 11, 2018.
The Company announces that it has granted incentive stock options to an officer and consultant under its Stock Option Plan entitling them to purchase an aggregate of up to 375,000 common shares of the Company. The stock options are exercisable on or before January 30, 2024 at a price of $0.17 per share. In addition to receiving stock options, Dr. Johnston will also receive a one-time bonus of 190,000 shares of the Company in respect of his appointment, subject to TSX Venture Exchange acceptance.
About NV Gold Corporation
NV Gold is a junior exploration company based in Vancouver, British Columbia that is focused on delivering value through mineral discoveries. Leveraging its highly experienced in-house technical knowledge, NV Gold’s geological team intends to utilize its geological databases, which contains a vast treasury of field knowledge spanning decades of research and exploration, combined with a portfolio of mineral properties in Nevada, to prioritize key projects for focused exploration programs.
On behalf of the Board of Directors,
John E. Watson Chairman and CEO
For further information, visit the Company’s website at www.nvgoldcorp.com or contact:
Peter A. Ball, President & COO Phone: 1-888-363-9883 Email: peter@nvgoldcorp.com
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Statements
This news release includes certain forward-looking statements or information. All statements other than statements of historical fact included in this release are forward-looking statements that involve various risks and uncertainties. The expectation of creating shareholder value from NVX’s efforts as owner of the Properties and the Databases and other future plans and objectives of the Company, including exploration plans, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s plans or expectations include market prices, availability of capital and financing, general economic, market or business conditions, regulatory changes, timeliness of government or regulatory approvals and other risks detailed herein and from time to time in the filings made by the Company with securities regulators. The Company 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 otherwise required by applicable securities legislation.
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TORONTO , Feb. 5, 2019 /CNW/ – Uranium Participation Corporation (“UPC”) (TSX:U) reports its estimated net asset value at January 31, 2019 was CAD$673.5 million or CAD$4.88 per share. As at January 31, 2019 , UPC’s uranium investment portfolio consisted of the following: View PDF
(in thousands of Canadian dollars, except quantity amounts)
Quantity
Fair Value
Investments in Uranium:
Uranium oxide in concentrates (“U3O8“)
14,159,354 lbs
$
537,859
Uranium hexafluoride (“UF6“)
1,117,230 KgU
$
129,227
$
667,086
U3O8 fair value1 per pound:
– In Canadian dollars1
$
37.99
– In United States dollars
$
28.90
UF6 fair value1 per KgU:
– In Canadian dollars1
$
115.67
– In United States dollars
$
88.00
1 Fair values are month-end spot prices published by Ux Consulting Company, LLC, translated at the Bank of Canada’s month-end daily exchange rate of $1.3144
On the last trading day of January 2019 , the common shares of UPC closed on the TSX at a value of CAD$4.78 , which represents a 2.05% discount to the net asset value of CAD$4.88 per share.
About Uranium Participation Corporation
Uranium Participation Corporation is a company that invests substantially all of its assets in uranium oxide in concentrates (“U3O8“) and uranium hexafluoride (“UF6“) (collectively “uranium”), with the primary investment objective of achieving appreciation in the value of its uranium holdings through increases in the uranium price. UPC provides investors with a unique opportunity to gain exposure to the price of uranium without the resource or project risk associated with investing in a traditional mining company. Additional information about Uranium Participation Corporation is available on SEDAR at www.sedar.com and on UPC’s website at www.uraniumparticipation.com.
Caution Regarding Forward-Looking Information
This press release contains certain forward-looking statements and forward-looking information that are based on UPC’s current internal expectations, estimates, projections, assumptions and beliefs. Forward-looking statements generally can be identified by the use of forward-looking terminology such as “may”, “will”, “expect”, “intent”, “estimate”, “anticipate”, “plan”, “should”, “believe” or “continue” or the negative thereof or variations thereon or similar terminology and include statements with respect to UPC’s investment objectives.
By their very nature, forward-looking statements involve numerous factors, assumptions and estimates. A variety of factors, many of which are beyond the control of UPC, may cause actual results to differ materially from the expectations expressed in the forward-looking statement. These factors include, but are not limited to, changes in commodity prices and foreign exchange as well as the risk that UPC will not obtain the anticipated benefits of its agreements with third parties. For a description of the principal risks of UPC, see “Risk Factors” in UPC’s Annual Information Form dated May 14, 2018 for the year ended February 28, 2018 , a copy of which is available at www.sedar.com.
These and other factors should be considered carefully, and readers are cautioned not to place undue reliance on these forward-looking statements. Although management reviews the reasonableness of its assumptions and estimates, unusual and unanticipated events may occur which render them inaccurate. Under such circumstances, future performance may differ materially from those expressed or implied by the forward-looking statements. Except where required under applicable securities legislation, UPC does not undertake to update any forward-looking information statement.
February is now upon us and it’s time to share another construction update and some recent photos. Once again, we remain on schedule to enter production in Q4 of this year.
(The New Headframe for the EN Vent Shaft at Pumpkin Hollow)
East Main Shaft We have temporarily stopped lateral development on the 2770 and 2850 levels in order to install utilities in the shaft. The utilities installed to date include two, very impressive, 350 hp ventilation fans and the accompanying ventilation ducting that runs down the entire length of the east main shaft. This provides a strong, constant flow of fresh air to the 2770 and 2850 levels. We have also installed a 10-inch dewatering line from surface down to the 2850 level for future dewatering pumps. Up next: The resumption of lateral development mining on both the 2770 and 2850 levels
The new vent fans – fully up and running
Installing the new ventilation ducting
(EN Vent Shaft Headframe)
East-North Vent Shaft The headframe has been installed along with the jumbo nest. This is used to swing the drill jumbo in and out of the shaft during shaft sinking activities. All hoist sheave wheels have been installed and all ropes have been wound onto the main hoist as well as the three Galloway winches and the emergency auxiliary hoist. All headframe support backlegs are installed and the electrical and safety systems have been installed
Up next for the East-North Shaft: Installation of the dump chutes, commissioning of the hoist and starting to sink shaft. Surface Works We have successfully finished the dry stack tailings test pad. We are continuing to finish off the drainage and surface-water run off ditches and ponds. The power poles and switch gears arrived and we’ve completed the 25 KV power line move. The comminution area (responsible for crushing and grinding ore) and the flotation areas of the process plant are undergoing foundation work. Up next for the Surface Works: Continuing foundation work for the process plant and continued engineering work for the permanent 120KV power line.
Please get in touch with any questions and be sure to subscribe to our mailing list to receive the latest news releases and updates as they are released. David Swisher, SVP of Operations
VANCOUVER , Feb. 4, 2019 /CNW/ – Rover Metals Corp. (ROVR.V)(ROVMF) (“Rover Metals” or the “Company“) is pleased to announce that it has developed a 3D interpretative video model summarizing the gold exploration work carried out on the Bugow Iron Formation, the known host of the historic gold mineralization on the Cabin Lake Gold Project (the “Property”). The 3D interpretative video model has been uploaded to Company’s website for viewing by the public. The 3D model also includes both the recent geophysical and geochemical survey data, as well as Rover’s updated interpreted structure of the Bugow Iron Formation.
Judson Culter, CEO at Rover Metals, states: “there is tremendous blue sky potential for high grade gold discovery given the number of untested fold areas now identified within the iron formation vis-à-vis high grade gold discovered in the historical drilling campaigns in the 1980’s.” The iron formation overlay can be found at time stamp 1:11 of the 3D video model.
The Company has found and GPS-referenced all the historic blasted trenches and small pits at the Andrew North and South Zones, as well as those located at the Beaver, Camp and other locations within the Property. The UAS magnetic survey was key to providing the required high-resolution and contrast on the Bugow Iron Formation, the known host of the Property’s gold mineralization. The 2018 ground geochemical soil survey produced multi-element (Au-Ag-As-S-Cu) anomalies over known mineralization zones and additional zones coincident with conceptual mineralized targets.
As per Section 2.4 of NI 43-101, Aber Resources Ltd. reported a mineral inventory (that does not compare to the current CIM Definitions Standards mineral resource categories) of 100,000 tons at 0.30 ounces per ton gold at the Cabin Lake Gold zone on the north limb of the folded Bugow Iron Formation in their 1986 and 1987 annual reports. The parameters used for the resource calculation are unknown. These results are relevant as to delineate a larger zone of gold mineralization at the Cabin Lake Gold Zone, but further drilling is needed to bring that up to CIM Definition Standards. The reader is cautioned that a qualified person has not done sufficient work to classify the historical estimates as current mineral resources and Rover Metals is not treating the historical estimates as current mineral resources.
Technical information in this news release has been approved by Raul Sanabria , M.Sc., P.Geo., VP of Exploration at Rover Metals and the Qualified Person for the purposes of National Instrument 43-101.
About Rover Metals Rover Metals is a natural resource exploration company specialized in Canadian precious metal resources (specifically gold) that is currently focused on the Northwest Territories of Canada , one of the most mining friendly jurisdictions in North America . The Cabin Lake Group of Gold Projects are located within 20km of Fortune Minerals’ (FT.TO) NICO Project gold processor.
Rover Metals’ management team will be manning the booth (#2951) at the upcoming PDAC conference in Toronto, ON , from March 3-6, 2019 . We welcome the public to stop by end learn more about our gold exploration plans for 2019.
DTC eligibility for the Company’s U.S. OTCQB Listing is still in progress and will be announced at a future date.
ON BEHALF OF THE BOARD OF DIRECTORS “Judson Culter” Chief Executive Officer and Director
Statement Regarding Forward-Looking Information This news release contains statements that constitute “forward-looking statements.” Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause Rover’s actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects,” “plans,” “anticipates,” “believes,” “intends,” “estimates,” “projects,” “potential” and similar expressions, or that events or conditions “will,” “would,” “may,” “could” or “should” occur. There can be no assurance that such statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements, and readers are cautioned not to place undue reliance on these forward-looking statements. Any factor could cause actual results to differ materially from Rover’s expectations. Rover undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.
THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OF THIS RELEASE.
-Further Enhances the Company’s One World of Citrus™ Initiative-
Limoneira Company (the “Company” or “Limoneira”) (LMNR), a diversified citrus growing, packing, selling and marketing company with related agribusiness activities and real estate development operations, announced today that it has entered into an agreement with FGF Trapani (“FGF”), a multi-generational, family owned citrus operation in Argentina. Beginning in 1937 with Ignacio Trapani, Ricardo Trapani (3rd generation) and his sons, Fabricio, Gabriel, and Franco (4th generation) have grown FGF into an enterprise of over 3,200 acres of lemons and oranges in the Provinces of Salta, Jujuy and Tucuman as well as owning and operating a juice processing facility in the Province of Tucuman.
As part of the agreement, Limoneira will create a subsidiary in Argentina under the name Limoneira Argentina S.A.U. (“Limoneira Argentina”) and will acquire 25% of the parcels of Finca Santa Clara, approximately 1,200 acres of planted lemons, upfront with an additional 25% to be acquired over a three-year period. Limoneira Argentina and FGF’s agreement will operate under the name Trapani Fresh, with Limoneira Argentina as the managing partner and responsible for all fresh fruit sales, holding a 51% interest and FGF holding a 49% interest. The agreement is expected to close in the middle of March 2019. FGF Trapani will maintain 100% ownership and control of the juice processing facilities and operations.
Alex Teague, Senior Vice President, stated, “It’s very exciting for us to expand our global footprint into Argentina and thereby strengthen our ability to become a 365-day, 24/7 global supplier of fresh citrus to our valued customers around the world. This joint venture fits in nicely with our One World of Citrus™ initiative and we are looking forward to welcoming FGF’s family owned business to the Limoneira team. This relationship will provide Limoneira with access to new markets and distribution networks, increase production and technical capacity and also reduce impact on operating results.”
Harold Edwards, President and Chief Executive Officer, added, “We are excited to add FGF’s rich supply of citrus to our global production and increase our competitive position. Our two companies have a long history with a combined 205 years in the business and this joint venture is bringing together years of industry knowledge and expertise. We expect the deal to be accretive in fiscal year 2019 and we will provide more information on our first quarter call in early March.”
About Limoneira Company
Limoneira Company, a 125-year-old international agribusiness headquartered in Santa Paula, California, has grown to become one of the premier integrated agribusinesses in the world. Limoneira (pronounced lē mon΄âra) is a dedicated sustainability company with 14,500 acres of rich agricultural lands, real estate properties, and water rights in California, Arizona, and Chile. The Company is a leading producer of lemons, avocados, oranges, specialty citrus and other crops that are enjoyed throughout the world. For more about Limoneira Company, visit www.limoneira.com.
Forward-Looking Statements
This press release contains forward-looking statements, including guidance for fiscal year 2018 and 2019, within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on Limoneira’s current expectations about future events and can be identified by terms such as “expect,” “may,” “anticipate,” “intend,” “should be,” “will be,” “is likely to,” “strive to,” and similar expressions referring to future periods.
Limoneira believes the expectations reflected in the forward-looking statements are reasonable but cannot guarantee future results, level of activity, performance or achievements. Actual results may differ materially from those expressed or implied in the forward-looking statements. Therefore, Limoneira cautions you against relying on any of these forward-looking statements. Factors which may cause future outcomes to differ materially from those foreseen in forward-looking statements include, but are not limited to: changes in laws, regulations, rules, quotas, tariffs and import laws; weather conditions that affect production, transportation, storage, import and export of fresh product; increased pressure from crop disease, insects and other pests; disruption of water supplies or changes in water allocations; pricing and supply of raw materials and products; market responses to industry volume pressures; pricing and supply of energy; changes in interest and currency exchange rates; availability of financing for land development activities; political changes and economic crises; international conflict; acts of terrorism; labor disruptions, strikes or work stoppages; loss of important intellectual property rights; inability to pay debt obligations; inability to engage in certain transactions due to restrictive covenants in debt instruments; government restrictions on land use; and market and pricing risks due to concentrated ownership of stock. Other risks and uncertainties include those that are described in Limoneira’s SEC filings which are available on the SEC’s website at http://www.sec.gov. Limoneira undertakes no obligation to subsequently update or revise the forward-looking statements made in this press release, except as required by law.
Vancouver, British Columbia–(Newsfile Corp. – February 4, 2019) – Contact Gold Corp. (TSXV: C) (the “Company” or “Contact Gold”) is pleased to announce the terms of a non-brokered private placement (the “Offering”) of up to 6,896,552 common shares of the Company (“Common Shares”) at a price of $0.29 per Common Share (the “Offering Price”) for gross proceeds of up to $2,000,000. The Offering Price represents an approximate 9.4% discount to the closing price of the Common Shares on February 1, 2019 (the “Current Market Price”).
Each Common Share shall be accompanied by one right (a “Right”) which shall entitle the holder thereof to a certain number of additional Common Shares upon conversion of the Right, with such number of additional Common Shares to be determined based on completion of the first of specific milestones as detailed in this release.
Net proceeds of the Offering are expected to be used to undertake further drilling at Contact Gold’s Pony Creek project located in Elko County, Nevada, and for general working capital.
Pony Creek Project:
The Pony Creek project is located on Nevada’s prolific Carlin Trend, immediately south of Gold Standard Venture’s Railroad project and 20 km south of Newmont Mining’s Rain and Emigrant gold mines. Pony Creek totals 107 km2 of prospective mineral tenure and hosts multiple Carlin Type gold occurrences, including the Bowl and West Zones, and multiple untested exploration targets.
In 2018 Contact Gold made a new gold discovery at Pony Creek’s West Zone, with near surface oxide gold mineralization in drilling over a 2.3 kilometre strike length.
During 2019, the Company anticipates continuing exploration on the Pony Creek property. The Company plans to grow the new discovery at the West Zone, expand the footprint at North Zone and follow-up on the Pony Spur, Moleen and Elliott Dome targets.
Details of the Offering:
Each Common Share shall be accompanied by one Right which shall automatically convert and entitle the holder thereof to additional Common Shares on the date which is the earlier of: (i) the closing of a public offering by the Company pursuant to a registration statement or offering statement filed with the United States Securities Exchange Commission (a “Qualified Offering”) under the United States Securities Act of 1933, as amended (the “Securities Act”); (ii) a change of control of the Company (a “Change of Control”); or (iii) the date which is one year following the Closing Date (the “Time Deadline”).
Qualified Offering: In the event the Common Shares are offered at a price (the “Qualified Offering Price”) which is greater than the Offering Price, each Right will entitle the holder thereof, for no additional consideration, to receive that number of additional Common Shares such that the effective price per Common Share in the Offering is equal to a 5% discount to the Offering Price. Alternatively, in the event the Qualified Offering Price is equal to or lower than the Offering Price, each Right will entitle the holder thereof, for no additional consideration, to receive that number of additional Common Shares such that the effective Offering Price is equal to a 10% discount to the Qualified Offering Price, provided that, in no circumstances, would the additional number of Common Shares issued result in an implied discount greater than that which is prescribed pursuant to the rules of the TSX Venture Exchange (the “TSXV”).
Change of Control: In the event of a transaction resulting in a change of control of the Company, each Right will entitle the holder thereof, for no additional consideration, to receive that number of additional Common Shares such that the effective price per Common Share is equal to a 5% discount to the Offering Price, provided that, in no circumstances, would the additional number of Common Shares issued result in an implied discount greater than that which is prescribed under the rules of the TSXV.
Time Deadline: In the event that the Rights are exercised at the Time Deadline each Right will entitle the holder thereof, for no additional consideration, to receive that number of additional Common Shares such that the effective Offering Price is equal to the maximum allowable discount prescribed pursuant to the rules of the TSXV.
Certain eligible persons may receive finder fees in connection with the Offering in the way of cash commission.
The offered securities have not been, nor will they be, registered under the Securities Act or any state securities laws, and may not be offered or sold to, or for the account or benefit of, any person in the United States or any “U.S person”, as such term is defined in Regulation S under the Securities Act, absent registration or an applicable exemption from registration requirements. Offers and sales in the United States will be limited to institutional accredited investor. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful.
The securities issued pursuant to the Offering will be subject to a four month and one day statutory hold period and are deemed to be “restricted securities” under Rule 144 of the Securities Act, which generally requires a one-year hold period. Completion of the Offering is also subject to the receipt of all necessary approvals, including the approval of the TSXV.
Closing of the Offering is expected to occur as soon as possible.
About Pony Creek:
Pony Creek is an early stage exploration property and does not contain any mineral resource estimates as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”). There has been insufficient exploration to define a mineral resource estimate at Pony Creek. It is uncertain if further exploration will result in targets at Pony Creek being delineated as a mineral resource. There are no assurances that the geological similarities to projects mentioned herein (or documents referenced herein) operated by Gold Standard Ventures or Newmont, or any other project along the Carlin Trend, will result in the establishment of any resource estimates at any of the Company’s property interests including Pony Creek, or that the Pony Creek can be advanced in a similar timeframe.
Additional information about Pony Creek is summarized in the NI 43-101 Technical Report entitled “NI 43-101 Technical Report on the Pony Creek Project, Elko County, Nevada, USA” prepared for Contact Gold, with an effective date of October 16, 2018, and dated October 22, 2018, as prepared by Vance Spalding, C.P.G; VP Exploration of Contact Gold, and can be viewed under Contact Gold’s issuer profile on SEDAR at www.sedar.com.
About Contact Gold Corp.
Contact Gold is an exploration company focused on producing district scale gold discoveries in Nevada. Contact Gold’s extensive land holdings are on the prolific Carlin, Independence and Northern Nevada Rift gold trends which host numerous gold deposits and mines. Contact Gold’s land position comprises approximately 212 km2 of target rich mineral tenure hosting numerous known gold occurrences, ranging from early- to advanced-exploration and resource definition stage.
Additional information about the Company is available at www.contactgold.com.
For more information, please contact: +1 (604) 449-3361 Matthew Lennox-King – President & CEO E-mail: info@ContactGold.com
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
Cautionary Note Regarding Forward-Looking Information
This news release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements”) within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. In this news release, forward-looking statements relate, among other things, to the anticipated closing of the Offering, the anticipated participation of Waterton therein, the use of proceeds therefrom, the ability to complete a Qualified Offering and there timing thereof, the probability and timing thereof of a change of control, receipt of applicable regulatory approvals, and proposed exploration activities of the Company on the Pony Creek property and the results thereof.
These forward-looking statements are based on reasonable assumptions and estimates of management of the Company at the time such statements were made. Actual future results may differ materially as forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors, among other things, include; receipt of applicable regulatory approvals; availability of financing; business integration risks; fluctuations in general macroeconomic conditions; fluctuations in securities markets; fluctuations in spot and forward prices of gold, silver, base metals or certain other commodities; fluctuations in currency markets (such as the Canadian dollar to United States dollar exchange rate); change in national and local government, legislation, taxation, controls, regulations and political or economic developments; 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 and flooding); inability to obtain adequate insurance to cover risks and hazards; the presence of laws and regulations that may impose restrictions on mining; employee relations; relationships with and claims by local communities and indigenous populations; availability of increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); and title to properties. Although the forward-looking statements contained in this news release are based upon what management of the Company believes, or believed at the time, to be reasonable assumptions, the Company cannot assure shareholders that actual results will be consistent with such forward-looking statements, as there may be other factors that cause results not to be as anticipated, estimated or intended. Readers should not place undue reliance on the forward-looking statements and information contained in this news release. The Company assumes no obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS.
