|
Proven Probable
To place an order call 855.505.1900 or email maurice@milesfranklin.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.
CONTACT:
Adam Rabiner,
Director, Investor Relations
1.800.750.3520
investorrelations@jerichooil.com
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.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Website: www.metallic-minerals.com
Email: chris.ackerman@metallic-minerals.com
Phone: 604-629-7800
Toll Free: 1-888-570-4420
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.
FOR FURTHER INFORMATION, PLEASE CONTACT:
| Michael Rowley, President, CEO & Director | ||
| Email: info@grouptenmetals.com Web: http://grouptenmetals.com |
Phone: (604) 357 4790 Toll Free: (888) 432 0075 |
|
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 Forum Event 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 - Company Website: www.pactongold.com
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. 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.
Cision
View original content to download multimedia:http://www.prnewswire.com/news-releases/pacton-gold-to-exhibit-at-pre-pdac-mining-showcase-metals-investor-forum-and-pdac-2019-300804318.html
SOURCE Pacton Gold Inc.
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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/43091
TORONTO , Feb. 28, 2019 /CNW/ – Anaconda Mining Inc. (“Anaconda” or the “Company”) (ANX.TO) (ANXGF) is pleased to announce the final results from the 10,000-metre drill program that began in July 2018 at the Goldboro Gold Project in Nova Scotia (“Goldboro”). Anaconda drilled four holes (BR-18-64 to 67), totaling 1,456 metres (the “EG Drill Program”) to extend the existing Goldboro Deposit towards the east along strike. The EG Drill Program successfully intersected the host fold structure, alteration and mineralization 100 metres east of the current Mineral Resource within the East Goldbrook Gold System (“EG Gold System”). Anaconda also encountered five occurrences of visible gold (Exhibit A, B).
The EG Drill Program intersected a high-grade mineralized zone which included 25.70 grams per tonne (“g/t”) gold over 1.5 metres and 8.00 g/t gold over 3.2 metres up plunge from very high-grade historic assays including 215.74 g/t gold over 3.7 metres (the “High-Grade Zone”) (See photo in Exhibit C). The High-Grade Zone plunges moderately to the east and is located on the south dipping limb of the host fold structure. It extends for at least 150 metres and is open down plunge. High-grade plunging chutes are common at Goldboro , having been intersected elsewhere in the deposit. Furthermore, numerous other mineralized zones were intersected along the south limb of the EG Gold System outside of the High-Grade Zone, with further drilling planned to confirm the geological model for these zones.
A table of selected intersections from both recent and historical drilling are shown in the table below.
“These drill results continue to demonstrate the expansion potential of the Goldboro Deposit as well as the ability to locate pockets of very high-grade continuous mineralized zones. The results from the EG Drill Program, taken together with historical drilling in the East Goldbrook area, indicate that there is a very high-grade zone of at least 150 metres in plunge length, which remains open for expansion down plunge. In our upcoming 5,000-metre drill program, we will take a closer look at this high-grade area to see if we can define it better. With all results received from the 10,000-metre drill program, we are incorporating them into an updated Mineral Resource estimate currently underway by WSP Canada Inc. We expect to publish a new estimate by the third quarter.”
~ Dustin Angelo , President and CEO, Anaconda Mining Inc.
Initiation of a 5,000-metre drill program at Goldboro
The Company will initiate a 5,000-metre drill program at Goldboro beginning in March. The drill program will focus on expansion drilling in the EG Gold System with the goal of growing resources and better defining the extents of the high-grade plunging chutes intersected in the recent EG Drill Program. The drill program will also focus on infill drilling portions of the Boston Richardson Gold System with the goal of converting high-grade Inferred Resources to Indicated Resources. The 5,000-metre diamond drill program will be funded using the proceeds of a flow-through financing completed in July of 2018.
Table of selected composited assays from drill holes reported in this press release:
|
Hole ID |
From |
To |
Interval |
Au |
Gold |
Visible |
Section |
|
|
BR-18-64 |
147.8 |
148.6 |
0.8 |
1.17 |
EG |
9750E |
Current |
|
|
and |
255.3 |
256.0 |
0.7 |
1.45 |
EG |
|||
|
and |
267.2 |
267.7 |
0.5 |
0.54 |
EG |
VG |
||
|
and |
387.5 |
388.0 |
0.5 |
1.33 |
EG |
|||
|
and |
451.5 |
452.0 |
0.5 |
2.05 |
EG |
|||
|
BR-18-65 |
133.6 |
134.1 |
0.5 |
5.69 |
EG |
|||
|
and |
190.0 |
191.0 |
1.0 |
3.37 |
EG |
|||
|
and |
317.7 |
318.3 |
0.6 |
6.41 |
EG |
|||
|
and |
321.5 |
322.1 |
0.6 |
2.53 |
EG |
VG |
||
|
BR-18-66 |
61.0 |
62.5 |
1.5 |
25.70 |
EG |
|||
|
including |
61.0 |
61.6 |
0.6 |
63.33 |
EG |
VG |
||
|
and |
90.0 |
92.0 |
2.0 |
6.37 |
EG |
|||
|
including |
90.0 |
91.0 |
1.0 |
12.08 |
EG |
|||
|
and |
183.6 |
185.0 |
1.4 |
1.22 |
EG |
|||
|
and |
229.0 |
230.0 |
1.0 |
1.36 |
EG |
|||
|
BR-18-67 |
51.2 |
52.2 |
1.0 |
2.42 |
EG |
9850E |
||
|
and |
53.8 |
54.4 |
0.6 |
5.94 |
EG |
|||
|
and |
75.0 |
77.5 |
2.5 |
1.57 |
EG |
|||
|
and |
116.6 |
118.0 |
1.4 |
1.48 |
EG |
|||
|
and |
125.5 |
128.0 |
2.5 |
2.24 |
EG |
|||
|
and |
136.6 |
139.2 |
2.6 |
4.86 |
EG |
|||
|
including |
137.6 |
138.2 |
0.6 |
16.89 |
EG |
|||
|
and |
142.6 |
145.8 |
3.2 |
8.00 |
EG |
|||
|
including |
145.0 |
145.8 |
0.8 |
30.66 |
EG |
VG |
||
|
and |
189.8 |
190.4 |
0.6 |
12.33 |
EG |
VG |
||
|
BR-18-16 |
23.5 |
24.0 |
0.5 |
0.73 |
EG |
9650E |
Previous |
|
|
and |
189.1 |
189.7 |
0.6 |
11.59 |
EG |
VG |
||
|
and |
315.6 |
318.5 |
2.9 |
2.23 |
EG |
|||
|
including |
315.6 |
316.1 |
0.5 |
8.88 |
EG |
|||
|
OSK11-01 |
36.0 |
37.0 |
1.0 |
1.82 |
EG |
9650E |
Historic |
|
|
and |
43.9 |
46.0 |
2.2 |
0.96 |
EG |
|||
|
and |
61.0 |
62.0 |
1.0 |
0.76 |
EG |
|||
|
and |
86.0 |
88.0 |
2.0 |
1.81 |
EG |
|||
|
and |
128.0 |
130.0 |
2.0 |
0.58 |
EG |
|||
|
OSK11-02 |
117.0 |
118.5 |
1.5 |
137.77 |
EG |
VG |
||
|
including |
117.0 |
117.5 |
0.5 |
412.00 |
EG |
VG |
||
|
and |
127.0 |
128.5 |
1.5 |
0.65 |
EG |
|||
|
and |
174.0 |
175.0 |
1.0 |
1.28 |
EG |
|||
|
and |
179.5 |
183.0 |
3.5 |
1.76 |
EG |
VG |
||
|
including |
182.0 |
183.0 |
1.0 |
4.55 |
EG |
|||
|
and |
199.5 |
200.5 |
1.0 |
0.77 |
EG |
|||
|
and |
235.5 |
236.5 |
1.0 |
2.28 |
EG |
|||
|
OSK11-03 |
17.0 |
18.0 |
1.0 |
0.54 |
EG |
9900E |
||
|
and |
38.0 |
39.0 |
1.0 |
1.28 |
EG |
|||
|
and |
46.0 |
47.0 |
1.0 |
2.87 |
EG |
|||
|
and |
49.0 |
50.5 |
1.5 |
2.02 |
EG |
|||
|
and |
143.0 |
143.7 |
0.7 |
4.28 |
EG |
|||
|
OSK11-04 |
42.0 |
43.0 |
1.0 |
0.69 |
EG |
|||
|
and |
140.0 |
140.5 |
0.5 |
35.10 |
EG |
VG |
||
|
and |
193.9 |
197.5 |
3.7 |
215.74 |
EG |
VG |
||
|
including |
193.9 |
194.4 |
0.5 |
1570.00 |
EG |
VG |
||
|
and |
205.0 |
206.0 |
1.1 |
2.00 |
EG |
|||
|
and |
213.0 |
224.5 |
11.5 |
1.24 |
EG |
VG |
||
|
including |
223.0 |
224.5 |
1.5 |
6.23 |
EG |
|||
|
and |
230.3 |
231.5 |
1.2 |
0.58 |
EG |
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 are collected using QA/QC protocols including the regular insertion of standards and blanks within the sample batch for analysis and check assays of select samples. All samples quoted in this release were analyzed at Eastern Analytical Ltd. in Springdale, NL , for Au by fire assay (30 g) with an AA finish.
Samples analyzing greater than 0.5 g/t Au via 30 g fire assay were re-analyzed at Eastern via total pulp metallic. For the total pulp metallic analysis, the entire sample is crushed to -10mesh and pulverized to 95% -150mesh. The total sample is then weighed and screened to 150mesh. The +150mesh fraction is fire assayed for Au, and a 30 g subsample of the -150mesh fraction analyzed via fire assay. A weighted average gold grade is calculated for the final reportable gold grade. Anaconda considers total pulp metallic analysis to be more representative than 30 g fire assay in coarse gold systems such as the Goldboro Deposit.
Reported mineralized intervals are measured from core lengths. Intervals are estimated to be approximately 80-100% of true widths.
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
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 10,150 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, 2017 , 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 map showing the location of recent drilling and highlights from the EG Gold System at Goldboro. Four holes, drilled for metallurgical testing, pending assays are also shown (holes BR-18-68 to -71). (CNW Group/Anaconda Mining Inc.)
Exhibit B. A long section through the EG Gold System showing the location of high-grade drill intersections along a 150-metre plunge and other interpreted zones of mineralization. Further drilling is required to create a geological model of these mineralized zones. All zones remain open for expansion down plunge. (CNW Group/Anaconda Mining Inc.)
Exhibit C. A photograph of NQ core from diamond drill hole OSK-11-04 from the High-Grade Zone showing visible gold associated with a composited assay of 215.7 g/t over 3.7 metres. Canadian two-dollar coin for scale. (CNW Group/Anaconda Mining Inc.)
SOURCE Anaconda Mining Inc.
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From The Desk Of David Schectman
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Toronto, Ontario and Vancouver, British Columbia–(Newsfile Corp. – February 27, 2019) – Minera Alamos Inc. (TSXV: MAI) (“Minera” or the “Company”) cordially invites you to visit with Company representatives on Sunday, March 3rdand Monday, March 4th at Booth #2423A within the Investors Exchange at the 2019 Prospectors & Developers Association of Canada (PDAC) Convention to be held at the Metro Toronto Convention Centre.
The Red Cloud 2019 Pre-PDAC Mining Showcase will be held on Friday, March 1 at the Omni King Edward Hotel. Minera will have a company display and will also be meeting with the investment community throughout the day.
Minera looks forward to updating shareholders and conference attendees on its exploration and development plans for 2019, following the notice of approval of permits at the La Fortuna gold project, Durango, Mexico and pending permits at the Santana gold project, Sonora, Mexico.
For more information and/or to register for the conference please visit:
https://www.pdac.ca/convention
For Further Information Please Contact:
Minera Alamos Inc.
Doug Ramshaw, President
Tel: 604-600-4423
Email: dramshaw@mineraalamos.com
Website: www.mineraalamos.com
About Minera Alamos Inc.
Minera Alamos is an advanced-stage exploration and development company with a growing portfolio of high-quality Mexican assets, including the La Fortuna open-pit gold project in Durango with positive PEA completed, the Santana open-pit heap-leach development project in Sonora with test mining and processing completed and the Guadalupe de Los Reyes open-pit gold-silver project in Sinaloa with mine planning in progress.
The Company’s strategy is to develop low capex assets while expanding the project resources and pursue complementary strategic acquisitions.
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