VANCOUVER , March 1, 2019 /CNW/ – Group Eleven Resources Corp. (TSX.V: ZNG; OTCQB: GRLVF; FRA: 3GE) (“Group Eleven” or the “Company) is pleased to announce a non-brokered private placement financing of up to 8,400,000 units at a price of $0.12 per unit for gross proceeds of $1,008,000 . All currency is denominated in Canadian dollars.
Each unit will consist of one common share and one half non-transferrable common share purchase warrant. Each warrant will entitle the holder thereof to purchase one additional common share in the capital of the Company at $0.24 per share for two years from the date of issue.
This financing is subject to regulatory approval and all securities to be issued pursuant to the financing are subject to a four-month hold period under applicable Canadian securities laws. Directors, officers and employees of the Company may participate in a portion of the financing.
Group Eleven has engaged Canaccord Genuity Corp. to act as its financial advisor for the offering. The Company may compensate persons who act as finders for the Offering in accordance with the rules of the TSX Venture Exchange.
Net proceeds of the financing will be used to fund the Company’s focussed drill program on the Ballinalack project and exploration on other projects in Ireland , as well as, general working capital.
About Group Eleven Resources
Group Eleven Resources Corp. (TSX.V: ZNG; FRA: 3GE and OTC: GRLVF) is focused on zinc exploration in Ireland . The Company’s large land package (89 prospecting licenses totalling 2,900 square kilometres) allows Group Eleven to leverage new geological thinking and geophysical technology to systematically rethink key aspects of the Irish zinc district. Key projects include Ballinalack (with Joint Venture partner Nonfemet), Stonepark (with Joint Venture partner Connemara Mining), Silvermines and Tralee. The Company’s team includes accomplished mining professionals with direct experience in finding mines, building companies and exploring Irish zinc deposits.
ON BEHALF OF THE BOARD OF DIRECTORS
Bart Jaworski , P.Geo.
Chief Executive Officer
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
The securities being offered have not been, nor will they be registered under the United States Securities Act of 1933, as amended, or state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. federal and state registration or an applicable exemption from the U.S. registration requirements. This release does not constitute an offer for sale of securities in the United States .
TORONTO , March 1, 2019 /CNW/ – Anaconda Mining Inc. (“Anaconda” or the “Company”) – (ANX.TO) is pleased to provide an update on the exploration and development activities at the Argyle Deposit (“Argyle”), located approximately 4.5 kilometres from the Company’s operating Pine Cove Mill and tailings facility at the Point Rousse Project in Newfoundland (See Exhibit A). Since announcing the Argyle Mineral Resource Estimate on January 8, 2018 , Anaconda has completed an internal project evaluation and engineering that has led to development of an optimized pit shell and a cash flow positive mining plan. It has also initiated the permitting process, conducted infill drilling and successfully identified high-grade, wide intersections of mineralization immediately adjacent to the known Mineral Resource. In addition, the Company has discovered another area of very high-grade mineralization associated with visible gold approximately 800 metres from the main Argyle Deposit. Anaconda expects Argyle to contribute to the production profile at Point Rousse in the third quarter 2019 and anticipates expanding the known Mineral Resources in the area.
“We are progressing toward production at Argyle and expect the deposit to be incorporated into our mine plans in Q3 of 2019. Preliminary permits have been received and we will finalize mine planning following a resource update in May, which will include the additional drilling completed since the last Mineral Resource Estimate as well as our current infill drilling. As we move Argyle into production this year we will also follow up on the high-grade visible gold encountered in hole AE-18-83 which is one of the best intersections of gold within the Point Rousse Project to date.” ~ Dustin Angelo , President and CEO
In addition, to better align the long-term incentive plans of directors, officers, and employees with Anaconda’s shareholders, the Company’s Board of Directors has approved the adoption of a Share Unit Plan, subject to approval of the shareholders of the Company at the upcoming Annual General and Special Meeting and made certain grants under the Plan as part of year-end performance reviews and director compensation. Please see below for further details.
Argyle Exploration Program
The Company has completed an exploration program consisting of 2,810 metres of diamond drilling in 22 holes approximately 250 metres to 1,250 metres northeast of the Argyle Deposit (“Argyle Exploration Program”). The Argyle Exploration Program targeted an area that exhibited anomalous ground IP and soil geochemical characteristics as well as surface alteration and favourable geology similar to the Argyle Deposit area. Drill hole AE-18-83 intersected two occurrences of visible gold coincident with composited assays of 59.39 grams per tonne (“g/t”) gold over 7.0 metres (32.0 to 39.0 metres) including 413.90 g/t over 1 metre and 6.21 g/t gold over 2.0 metres (96.0 to 98.0 metres) (Exhibit A). These intersections are associated with an alteration system similar in character to the Argyle and Stog’er Tight Deposits. The alteration system extends for 250 metres as identified in core by eight drill holes completed during the Argyle Exploration Program; however, Hole AE-18-83 was the only one to return significant mineralization. To better understand the controlling structures associated with the two high-grade gold occurrences, Anaconda is planning a trenching program and further drilling during the spring of 2019.
No significant gold mineralization was encountered in the remainder of the alteration system northeast of Argyle. A portion of the anomalies encountered were associated with an iron stone formation as well as a certain stratigraphy that is typically not mineralized.
Argyle Deposit Infill Drilling
The Company is conducting an infill drill program at Argyle (“Argyle Infill Program”) to better define portions of the deposit planned for development in 2019. The initial results from the western portion of the Argyle Deposit comprise 12 holes totaling 525 metres of diamond drilling, which intersected mineralization as outlined in the existing Mineral Resource. Mineralization intersected in holes AE-18-98 to AE-19-109 is approximately the same thickness of previous drilling in this area but with grades approximately 25% greater than previous drilling in this area of the deposit. Highlights from the western portion of the Argyle Infill Program include:
6.17 g/t gold over 8 .0 metres (3.0 to 11.0 metres) in hole AE-19-107;
2.32 g/t gold over 7.0 metres (8.0 to 15.0 metres) in hole AE-18-98; and
1.15 g/t gold over 8.0 metres (3.0 to 11.0 metres) in hole AE-18-100.
Anaconda is currently drilling additional infill holes on the eastern portion of the Argyle Deposit. These results will be released at a later date.
Upon completion of the Argyle Infill Program, the Company will create an updated Mineral Resource Estimate for the Argyle Deposit to confirm pit extents and begin mining. This resource will also include drill holes reported on March 22, 2018 (the “2018 Holes”) which intersected mineralization outside of the current Mineral Resource and expanded the deposit. Highlights from the 2018 Holes include:
7.87 g/t gold over 7.0 metres (44.0 – 51.0 metres) in hole AE-18-74; and
12.47 g/t gold over 5.0 metres (54.5 – 59.5 metres) in hole AE-17-58.
A table of selected intersections from both exploration and infill drilling programs are shown in the table below.
Argyle Development
The Argyle project was released from environmental assessment in November of 2018. The Company has submitted a Development Plan and is finalizing a Rehabilitation and Closure plan to be submitted to the Ministry of Natural Resources by the end of Q1 2019. Once Anaconda receives approval of the Development, Rehabilitation and Closure plans, it will be ready to begin mine development and site construction, which is expected to be by the summer 2019 with ore production commencing in the third quarter.
A Table of highlight composited assays from holes AE-18-98 to AE-19-109 are shown below:
Hole ID
From
(m)
To (m)
Interval
(m)
Grade
(g/t)
AE-18-100
3.0
11.0
8.0
1.15
AE-18-101
22.0
25.0
3.0
5.86
AE-18-102
6.0
12.0
6.0
0.67
AE-18-98
8.0
15.0
7.0
2.32
AE-18-99
2.7
3.7
1.0
1.57
AE-19-105
24.0
27.0
3.0
0.84
AE-19-106
16.0
20.0
4.0
1.25
AE-19-107
3.0
11.0
8.0
6.17
AE-19-108
15.0
17.0
2.0
1.82
AE-19-109
13.0
14.0
1.0
0.53
About Argyle
The Argyle Deposit, located 4.5 kilometres east of the Pine Cove Mill adjacent to existing road networks, is defined over a strike length of 685 metres and to a down-dip depth of 225 metres and is open for expansion in all directions. It currently contains an Indicated Resource of 543,000 tonnes grading 2.19 g/t gold (38,300 ounces) and an Inferred Resource of 517,000 tonnes grading 1.82 g/t (30,300 ounces) as outlined in the table below and is detailed with a 43-101 technical report titled “43-101 Technical Report, Mineral Resource and Mineral Reserve Update Point Rousse Project, Baie Verte, Newfoundland and Labrador, Canada ” with an effective date of December 31, 2017 .
Argyle Mineral Resource Estimate – Effective Date: December 31, 2017
Resource
Category
Resource Cut-off Gold
Grade
(g/t)
Tonnes
(Rounded)
Gold Grade (g/t)
(12g/t Capping Factor)
Gold Ounces
(Rounded)
Indicated
0.5
543,000
2.19
38,300
Inferred
0.5
517,000
1.82
30,300
This news release has been reviewed and approved by Paul McNeill , P. Geo., VP Exploration with Anaconda Mining Inc., a “Qualified Person”, under National Instrument 43-101 Standard for Disclosure for Mineral Projects.
All samples and the resultant composites referred to in this release were collected using QA/QC protocols including the regular insertion of certified standards and blanks within each sample batch sent for analysis and completion of check assays of select samples. Drill core samples were routinely analyzed for Au at Eastern Analytical Ltd. in Springdale, NL (“Eastern”), using standard fire assay (30g) pre-concentration and Atomic Absorption finish methods. Eastern is a fully accredited firm within the meaning of NI 43-101 for provision of this service. Mineralized intervals referred to in this press release are reported as drill intersections and are apparent widths only. Apparent widths reported in this press release are estimated to be approximately 90-100% of true widths.
Diamond drilling at Argyle outlined within this press release, benefited from a JEA grant from the Department of Natural Resources, Government of Newfoundland and Labrador . Anaconda thanks the Government of Newfoundland and Labrador for this assistance.
Adoption of Share Unit Plan and Grants under the Share Unit Plan
To better align the long-term incentive plans of directors, officers, and employees with Anaconda’s shareholders, the Board of Directors has approved the adoption a Share Unit Plan, subject to approval of the shareholders of the Company at the upcoming Annual General and Special Meeting. Share Units granted under the plan represent the right to receive one common share, are settled by way of issuance of common shares from treasury as soon as practicable following the maturity date in accordance with the Share Unit Plan. The Share Unit Plan and the existing Stock Option Plan, together, the Incentive Plans, are each a “rolling evergreen” plan and provide that the number of common shares of the Company available for issuance from treasury under the Incentive Plans, in aggregate, shall not exceed 10% of the issued and outstanding common shares of the Company at the time of grant.
As part of the further alignment of Directors and Officers with Anaconda shareholders, half of the compensation of the Board of Directors will now be settled in Share Units, which will retain cash in the Company. Accordingly, 85,500 Share Units were granted to directors of the Company in Q1 2019.
In addition, the Company has granted 2,355,000 Share Units as part of its annual performance review and long-term compensation grants, with the grant date set for one clear trading day after the release of this press release, consistent with the Company’s governance policies.
No Share Units granted under the Share Unit Plan shall be eligible to vest until the Plan has been approved by shareholders of the Company. Further details are available in the Company’s updated Annual Information Form filed on SEDAR (www.sedar.com) on February 27, 2019 .
A version of this press release will be available in French on Anaconda’s website (www.anacondamining.com) in two to three business days.
ABOUT ANACONDA MINING INC.
Anaconda Mining is a TSX and OTCQX-listed gold mining, development, and exploration company, focused in the prospective Atlantic Canadian jurisdictions of Newfoundland and Nova Scotia . The Company operates the Point Rousse Project located in the Baie Verte Mining District in Newfoundland , comprised of the Stog’er Tight Mine, the Pine Cove open pit mine, the Argyle Mineral Resource, the fully-permitted Pine Cove Mill and tailings facility, and approximately 9,150 hectares of prospective gold-bearing property. Anaconda is also developing the Goldboro Gold Project in Nova Scotia , a high-grade Mineral Resource, subject to a 2018 a preliminary economic assessment which demonstrates a strong project economics. The Company also has a wholly owned exploration company that is solely focused on early stage exploration in Newfoundland and New Brunswick .
FORWARD-LOOKING STATEMENTS
This news release contains “forward-looking information” within the meaning of applicable Canadian and United States securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects”, or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “does not anticipate”, or “believes” or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might”, or “will be taken”, “occur”, or “be achieved”. Forward-looking information is based on the opinions and estimates of management at the date the information is made, and is based on a number of assumptions and is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Anaconda to be materially different from those expressed or implied by such forward-looking information, including risks associated with the exploration, development and mining such as economic factors as they effect exploration, future commodity prices, changes in foreign exchange and interest rates, actual results of current production, development and exploration activities, government regulation, political or economic developments, environmental risks, permitting timelines, capital expenditures, operating or technical difficulties in connection with development activities, employee relations, the speculative nature of gold exploration and development, including the risks of diminishing quantities of grades of resources, contests over title to properties, and changes in project parameters as plans continue to be refined as well as those risk factors discussed in the annual information form for the fiscal year ended December 31, 2018 , available on www.sedar.com. Although Anaconda has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Anaconda does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
Exhibit A. A geological map of the Argyle area showing the deposit and the location of recent drilling during the Argyle Exploration Program and the Argyle Infill Program. Hole AE-18-83 which contained two intersections of high-grade visible gold is shown to the northeast of the Argyle Deposit. (CNW Group/Anaconda Mining Inc.)
Exhibit B. A geological map of the Argyle Deposit showing the areas of infill drilling including holes AE-18-98 to AE-19-109. (CNW Group/Anaconda Mining Inc.)
VANCOUVER, March 1, 2019 /PRNewswire/ – Pacton Gold Inc. (TSXV: PAC, OTC: PACXF) (the “Company” or “Pacton“) is pleased to announce that it has entered into a binding letter of intent (“LOI“) to acquire a 100% interest in the Tardarinna Gold Project. The acquisition of this strategic and prospective property, significantly enhances Pacton’s exposure to high-grade, shear-hosted gold within the Pilbara in Western Australia. Exploration targeting is underway and will be followed by field-based exploration across the property.
Tardarinna Gold Project Acquisition Highlights:
Up to 328 g/t Au has been reported by historical surface samples
Shallow eluvial gold workings identified in the south eastern quadrant of Project
Large target locations: Pegmatoidal-quartz veins have been delineated within a shear zone with >1 km strike and ranging between 10 to 50 m wide
Underexplored: property has never been drill tested
Tier one jurisdiction: Located in the Pilbarra region of Western Australia
Alec Pismiris, Interim President and CEO, of Pacton Gold, commented, “Acquiring the Tardarinna gold project will greatly enhance our exposure to high-grade, shear-hosted gold mineralization. This is a property with considerable advantages: it has historical samples of impressively high-grade gold, it is underexplored and has never been drill-tested and it is located in a stable jurisdiction with superb access to infrastructure. We look forward to defining the potential scale of Tardarinna.”
Under the terms of the LOI, which will be formalized by a definitive agreement, the Company will acquire a 100% interest in Tardarinna by the issuance of 1,250,000 common shares.
This transaction is subject to the acceptance of the TSX Venture Exchange.
About Pacton Gold
Pacton Gold is a Canadian exploration company with key strategic partners focused on the exploration and development of high grade conglomerate and orogenic gold properties located in the district-scale Pilbara gold rush in Western Australia and the Red Lake District, Ontario.
The technical content of this news release has been reviewed and approved Peter Caldbick, P.Geo., a director of the Company and a Qualified Person pursuant to National Instrument 43-101. The qualified person has not yet verified the data disclosed, including sampling, analytical, and test data underlying the information or opinions contained in the written disclosure.
On Behalf of the Board of Pacton Gold Inc.
R. Dale Ginn
Executive Chairman
This news release may contain or refer to forward-looking information based on current expectations, including, but not limited to the Company achieving success in exploring its properties and the impact on the Company of these events, including the effect on its share price. Forward-looking information is subject to significant risks and uncertainties, as actual results may differ materially from forecasted results. Forward-looking information is provided as of the date hereof and we assume no responsibility to update or revise such information to reflect new events or circumstances. References to other issuers with nearby projects is for information purposes only and there are no assurances the Company will achieve similar results.
Tesla – The Next Enron?
As the Austrian economists have long pointed out, one of the things that commonly happens during periods of credit expansion is that the easy money leads to malinvestment. Which is usually revealed later on when the credit is removed and the excesses are exposed.
Of which there is growing evidence that Tesla may turn out to fit this profile. To the degree that some analysts are suggesting it might even be the next Enron.
Certainly one of the challenges in today’s financial markets (and perhaps this has always been the case) is not just in analyzing the numbers. But also in evaluating the integrity of the numbers. Because remember that the Enron numbers looked great. Except that they were never real.
And now as Tesla approaches a key financial event where its $920 million dollar bond payment is coming due, not only is there uncertainty as to how CEO Elon Musk is going to make that payment, but also increasing concerns around his actions and the veracity of the financial data the company provides.
In an interview with Tesla analyst Dave Kranzler of Investment Research Dynamics, Kranzler pointed out how not only did Musk break the law in sending his “420 secured” tweet, but that “Tesla’s Q3 GAAP “Net Income” numbers are highly misleading, if not outright fraudulent”.
Aside from concerns about the quality of the financial statements, Mark Tepper, president and CEO of Strategic Wealth Partners mentions how “there are stories of people not getting their vehicles, and then not getting their refunds for months.” While another concern being echoed among Tesla bears is in regards to the company’s growing reputation for being unable to deliver on the promises Musk makes. “He hasn’t hit on any target or deliverable with any sort of reliability for years now. Why should I believe him now? Remember in 2016 when he said they’d be profitable and didn’t need any more money? Or when they said that in 2017? He’ll probably be saying the same thing at the bankruptcy hearing.” -Harris Kupperman of Praetorian Capital
In addition to the red flags surrounding management is the latest news that January sales are down significantly, as the tax incentives have begun phasing out.
(chart courtesy of @teslashcarts)
Which makes it even more interesting to see what will happen in the next few days as the bond payment comes due. Especially with Musk creating a new round of suspense on Wednesday with a tweet that “some Tesla news” will be delivered on Thursday.
So if Musk is going to convince investors that the company is on solid footing, under good management, and that the data is accurate, he has some work to do. Because simply based on the events of the past year, as well as growing skepticism in the investment community, the possibility that Tesla will be exposed as an Enron is becoming a more real view in the marketplace.
To date the company has been able to navigate these issues. Yet especially if the Fed were to ever remove the unprecedented amount of credit it has injected into the system over the past decade, if the concerns regarding Tesla are indeed accurate, it may well in time rival Enron as one of the biggest financial scandals in history.
Chris Marcus
Arcadia Economics
“Helping You Thrive While We Watch The Dollar Die”
www.ArcadiaEconomics.com
Company Production Hits an All-Time Yearly Record, Reduced Operating Expenses by 30%
TULSA, Okla., Feb. 28, 2019 (GLOBE NEWSWIRE) — Jericho Oil Corporation (“Jericho”) (TSX-V: JCO; OTC PINK: JROOF) announces that preliminary 2018 full-year partnership production totaled approximately 297,000 barrels of oil equivalent (“BOE”) up 33% from 2017 full-year partnership production of 222,000 BOE. The Company’s 2018 partnership production is an all-time yearly high.
In addition to record production, the Company continued to drive down production operating expenses with an approximately $17.00 / BOE cost in 2018, a reduction of 30% from the last year. A combination of lower absolute expenses and efficient production growth from our STACK asset produced outstanding per unit results for Jericho shareholders further demonstrating the dedication of our team and the quality of our world-class STACK asset.
In 2019, Jericho is committed to maintaining balance sheet and capital spend flexibility (with low leverage and a prudent hedging program), allocating capital based on strategic and rate-of-return metrics, prioritizing the Company’s high-return STACK asset and potential acquisition opportunities near our concentrated position. A continued improvement in commodity prices through the remainder of Q1 2019 will see Jericho move back into a development mode and also accelerate its return to production program for shut-in wells in its existing fields.
Industry activity has focused on the low-cost, high-return Osage and Meramec formations within the STACK play of Oklahoma. Deep-pocketed public operators including ExxonMobil, Chesapeake Energy, Sandridge Energy and Chaparral Energy continue to put considerable capital resources in and around Jericho’s largely held-by-production STACK acreage position. To-date, the Company has participated in multiple successful STACK wells with many of our offset operators, gleaning valuable information that drives our confidence in the underlying value of our investment.
“These outstanding and record results confirm our 2018 strategy to successfully prove and develop our premier STACK acreage position,” stated Brian Williamson, CEO of Jericho Oil, adding, “the resulting production growth provides our shareholders confidence in the exceptional quality of our high-impact STACK resource. Looking forward to 2019, we are excited in our unique ability to drive further competitive performance through the quality of our investments and our capital and operating discipline. While we are pleased with our 2018 results, we were just starting to see our patience be rewarded as we began to drill our STACK asset, return existing shut-in wells to production and move to develop some of our other high potential assets when oil prices turned down 40% in the end of 2018. We are hopeful that oil prices will continue their upward trend and provide us the opportunity to expand upon 2018’s success.”
In addition to Jericho’s steady base of low-decline production, its STACK JV has an interest in four currently producing Osage and Meramec formation wells.
Jericho also announces that effective March 1, 2019, Brian Williamson, CEO, assumes the additional position of President and Ben Holman, CFO, assumes the additional position of Secretary. The roles of President and Secretary were previously held by Allen Wilson, Jericho’s founder, who continues with the Company as a director, consultant and shareholder.
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.
Jericho, with operational headquarters in Tulsa, Oklahoma, trades publicly on the TSX Venture Exchange (JCO) and OTC Markets (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.
VANCOUVER, British Columbia, Feb. 28, 2019 (GLOBE NEWSWIRE) — Metallic Minerals Corp. (TSX-V: MMG; US OTC: MMNGF) (“Metallic Minerals” or the “Company”) announces that company representatives will be attending the Prospectors & Developers Association of Canada (PDAC) International Convention to be held at the Metro Toronto Convention Centre in Toronto, Canada from Sunday March 3rd to Wednesday March 6th. Metallic Minerals will be exhibiting in the Investors Exchange throughout the conference at booth #3018 as a member of the Metallic Group of Companies. The PDAC Convention is the most-attended event for the world’s mineral exploration and mining sector and promotes a globally responsible and sustainable minerals industry.
Metallic Minerals also announces that it has granted 2,500,000 incentive stock options (the “Options”) to directors, officers, employees and consultants of the Company. The Options are exercisable for up to five years, expiring on February 28, 2024, and each Option will allow the holder to purchase one common share of the Company at a price of $0.18 per share based on the closing price of the previous trading day. The Options are subject to certain vesting requirements in accordance with the Company’s Long-Term Performance Incentive Plan.
About Metallic Minerals Corp.
Metallic Minerals Corp. is a growth stage exploration company, focused on the acquisition & development of high-grade silver and gold in under-explored districts of mining-friendly jurisdictions proven to produce top-tier assets. Our objective is to create value through a systematic, entrepreneurial approach to exploration. The Company’s core Keno Silver project is located in the historic Keno Hill silver district of Canada’s Yukon Territory, with over 300 million ounces of high-grade silver in past production and current resources, and excellent existing infrastructure, including grid power, highway & road access. Metallic Minerals is led by a team with a track record of discovery and exploration success, including large scale development, permitting and project financing.
About the Metallic Group of Companies
The Metallic Group is a collaboration of leading precious and base metals exploration companies, with a portfolio of large, brownfields assets in established mining districts adjacent to some of the industry’s highest-grade producers of platinum & palladium, silver and copper. Member companies include Group Ten Metals (PGE.V) in the Stillwater PGM-Ni-Cu district of Montana, Metallic Minerals (MMG.V) in the Yukon’s Keno Hill silver district, and Granite Creek Copper (GCX.V) in the Yukon’s Carmacks copper district. The founders and team members of the Metallic Group include highly successful explorationists formerly with some of the industry’s leading explorer/developers and major producers and are undertaking a systematic approach to exploration using new models and technologies to facilitate discoveries in these proven historic mining districts. The Metallic Group is headquartered in Vancouver, BC, Canada and its member companies are listed on the Toronto Venture, US OTC, and Frankfurt stock exchanges.
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.
VANCOUVER, British Columbia, Feb. 28, 2019 (GLOBE NEWSWIRE) — Group Ten Metals Inc. (TSX.V: PGE; US OTC: PGEZF; FSE: 5D32) (the “Company” or “Group Ten”) announces that company representatives will be attending the Prospectors & Developers Association of Canada (PDAC) International Convention to be held at the Metro Toronto Convention Centre in Toronto, Canada from Sunday March 3rd to Wednesday March 6th. Group Ten will be exhibiting in the Investors Exchange throughout the conference at booth #3018 as a member of the Metallic Group of Companies. The PDAC Convention is the most-attended event for the world’s mineral exploration and mining sector and promotes a globally responsible and sustainable minerals industry.
Group Ten also announces that it has granted 545,000 incentive stock options (the “Options”) to directors, officers, employees and consultants of the Company. The Options are exercisable for up to five years, expiring on February 28, 2024, and each Option will allow the holder to purchase one common share of the Company at a price of $0.20 per share, based on the closing price of the previous trading day. The Options are subject to certain vesting requirements in accordance with the Company’s Long-Term Performance Incentive Plan.
About Group Ten Metals Inc.
Group Ten Metals Inc. is a TSX-V-listed Canadian mineral exploration company focused on the development of high-quality platinum, palladium, nickel, copper, cobalt and gold exploration assets in top North American mining jurisdictions. The Company’s core asset is the Stillwater West PGE-Ni-Cu project adjacent to Sibanye-Stillwater’s high-grade PGE mines in Montana, USA. Group Ten also holds the high-grade Black Lake-Drayton Gold project in the Rainy River district of northwest Ontario and the highly prospective Kluane PGE-Ni-Cu project on trend with Nickel Creek Platinum’s Wellgreen deposit in Canada‘s Yukon Territory.
About the Metallic Group of Companies
The Metallic Group is a collaboration of leading precious and base metals exploration companies, with a portfolio of large, brownfields assets in established mining districts adjacent to some of the industry’s highest-grade producers of platinum & palladium, silver and copper. Member companies include Group Ten Metals (PGE.V) in the Stillwater PGM-Ni-Cu district of Montana, Metallic Minerals (MMG.V) in the Yukon’s Keno Hill silver district, and Granite Creek Copper (GCX.V) in the Yukon’s Carmacks copper district. The founders and team members of the Metallic Group include highly successful explorationists formerly with some of the industry’s leading explorer/developers and major producers and are undertaking a systematic approach to exploration using new models and technologies to facilitate discoveries in these proven historic mining districts. The Metallic Group is headquartered in Vancouver, BC, Canada and its member companies are listed on the Toronto Venture, US OTC, and Frankfurt stock exchanges.
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.
ANCOUVER , Feb. 28, 2019 /CNW/ – Pacton Gold Inc. (TSXV: PAC, OTC: PACXF) (the “Company” or “Pacton“) is pleased to announce its participation in the following events in March: Redcloud Pre-PDAC Mining Showcase, Metals Investor Forum and PDAC 2019 convention in Toronto, Canada .
Pacton Gold Inc. (CNW Group/Pacton Gold Inc.)
Redcloud Pre-PDAC Mining Showcase Event Details
Date and Time: Friday, March 1, 2019 ( 8.00 am – 5.00 pm )
Location: Omni King Edward Hotel, 37 King Street East, Toronto
Metals Investor ForumEvent Details
Date and Time: Saturday, March 2 (9. 00 am to 6:00 pm ) and Sunday, March 3, 2019 ( 9.00 am – 4.00 pm )
Location: 3rd floor, Delta Hotel, 75 Lower Simcoe Street, Toronto
Pacton Presentation: Dale Ginn , Chairman and Director will present on Sunday, March 3 at 10:40 am
PDAC Event and Booth Details
Event: PDAC 2019
Date: March 3 – 6, 2019
Location: Investors Exchange, Metro Toronto Convention Centre, Toronto, Canada
Booth Number: 3142
Booth Hours Sunday, March 3 , 10:00 am – 5:00 pm
Monday, March 4 , 10:00 am – 5:00 pm
Tuesday, March 5 , 10:00 am – 5:00 pm
Wednesday, March 6 , 9:00 am – 12:00 pm
Pacton Gold is a Canadian exploration company with key strategic partners focused on the exploration and development of high grade conglomerate and orogenic gold properties located in the district-scale Pilbara gold rush in Western Australia and the Red Lake District, Ontario. Pacton’s Red Lake mineral claims are strategically located between Pure Gold’s Madsen property, including the Wedge Zone, and Great Bear Resource’s Dixie discovery. The property geology is made up of two key packages known to host significant gold mineralization in the district. The Confederation
Assemblage and the Balmer Assemblage hosts the high-grade gold mineralization at Great Bear Resources’ Dixie Project and Pure Gold’s Madsen property, respectively. A high-resolution helicopter magnetics survey is underway to identify D2 structures and folding that are proposed to have significant control on gold mineralization in the district.
On Behalf of the Board of Pacton Gold Inc.
R. Dale Ginn
Executive Chairman
Neither TSX Venture Exchange, the Toronto Stock Exchange nor their 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.
Vancouver, British Columbia–(Newsfile Corp. – February 28, 2019) – Sojourn Exploration Inc. (TSXV: SOJ) (OTC Pink: SJRNF) (“Sojourn” or the “Company“) announces that it will change its name to ArcWest Exploration Inc. (“ArcWest“) effective February 28, 2019.
The Company will trade on the TSX Venture Exchange under the new stock symbol “AWX” and under the new CUSIP/ISIN numbers 03969H105/CA0369H1055.
For further information please contact Tyler Ruks, President and CEO AT 1 (604) 638-3695.
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.
