|
Category: Blog
Blog sub category
SANTA PAULA, Calif.–(BUSINESS WIRE)–
Limoneira Company (LMNR), a diversified citrus packing, sales and marketing company with related agribusiness activities and real estate development operations, today announced that Harold Edwards, the Company’s Chief Executive Officer, and Mark Palamountain, the Company’s Chief Financial Officer, will be presenting at the 21st Annual ICR Conference, to be held January 14-16, 2019, at the JW Marriott Orlando Grande Lakes in Orlando, Florida.
The Limoneira investor presentation is scheduled for Tuesday, January 15, 2019, at 11:00 am ET. The presentation will be webcast live and archived at www.limoneira.com. Visitors to the website should select the “Investor” tab and navigate to the “Events & Presentations” section to access the webcast.
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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190103005559/en/
Five holes will step out from successful prior drill holes
TSX VENTURE SYMBOL: FUU
KELOWNA, BC , Jan. 3, 2019 /CNW/ – FISSION 3.0 CORP. (“Fission 3” or “the Company“) is pleased to announce it will shortly be commencing a 1,850m five-hole winter drill program at its PLN project in the Athabasca Basin region of Saskatchewan, Canada . The program will focus on high-priority targets within a 700m mineralized corridor identified during the previous drill program. All five holes will test the A1 conductor, stepping out 25m and 50m north along strike of PLN14-019, which intercepted significant uranium mineralization. These five winter holes are part of an overall 3,250m PLN program approved for 2019.
PLN is located in the south-west area of Saskatchewan’s Athabasca Basin, immediately adjacent and to the north of Fission Uranium’s PLS project, which hosts the high-grade Triple R uranium deposit. With its proximity to large-scale, high-grade uranium deposits, and with multiple geological and geophysical interpreted features, including an extensive drill-identified mineralized corridor, PLN ranks highly in Fission 3’s extensive portfolio.
News Highlights
- PLN is prospective for high-grade uranium at shallow depth
- The property is adjacent to, and part of the same structural corridor as Fission Uranium’s PLS project, host to the Athabasca’s most significant major, shallow-depth, high-grade uranium deposit
- Step out drilling strategy. Drilling will step out from one of the previously-drilled, mineralized holes (PLN14-19), which intercepted 0.5m at 0.047% U3O8 within 6.0m @ 0.012% U3O8 during the 2014 drill program.
- Prior drilling has intercepted significant uranium and shown large-scale potential. The Company’s 2014 drill program identified a mineralized corridor associated with the A1 conductor ~700m in strike length, where results returned significant mineralization and pathfinder elements.
- Highly-targeted winter holes part of larger program at PLN. An 8-hole, 3,250m drill program has been approved by the PLN joint venture for 2019, with 5 holes ( 1,850m ) to be drilled this winter.
Ross McElroy , COO, and Chief Geologist for Fission, commented,
“Our prior drilling has already proven that PLN hosts uranium and, importantly, those results have highlighted the potential for large-scale mineralization. Winter drilling will focus on the approximately 700m mineralized trend and will use a strategy of step outs from one of our previous, successful holes on the property.”
PLN Package: The PLN package consists of a total of 36,537 ha in 37 mineral claims of which Fission 3 has a 90% interest in 27,408 ha (10 mineral claims) and a 100% interest in an additional recently staked 9,129 ha (27 mineral claims). Azincourt Energy Corp. holds a 10% interest in 27,408 ha of the PLN property.
The property, just inside the Athabasca Basin, is prospective for high-grade uranium at shallow depth. The property is adjacent to, and part of the same structural corridor as Fission Uranium’s PLS project, host to the Athabasca’s most significant major, shallow-depth, high-grade uranium deposit. Previous drill results show large scale potential. Drilling in 2014 identified a mineralized corridor associated with the A1 ~700m in strike length, where results returned significant mineralization and pathfinder elements (uranium, boron, copper, nickel and zinc) and included hole PLN14-019 which intercepted 0.5m at 0.047% U3O8 within 6.0m @ 0.012% U3O8.
Wales Lake Update: A total of 586m of drilling in 2 holes were completed on the southwest and northeast areas respectively of Block C of Wales Lake in December. Both holes targeted basement electromagnetic conductors that were defined by airborne and ground geophysics. The drilling indicates that the southwestern area of Block C appears to have a higher potential for hosting mineralization.
Hole WL18-001 is an angled hole located on the northwest striking major conductor trend in the southwestern corner of the property. The hole was drilled to a depth of 305m and encountered bedrock at 165.5m . Bedrock consisted of alternating sequences of quartz-chlorite-garnet gneiss and sulphide rich quartz-feldspar-biotite-garnet gneiss. Basement geology appears to be roughly flat lying to gently dipping. Intervals of moderate to strong hematite and chlorite alteration occur throughout. Several narrow intervals of fault gouge within strongly foliated regions were encountered throughout. No anomalous radioactivity was encountered.
Hole WL18-002 is an angled hole located in the northeast corner of the property. Similar to that seen in WL18-001, the basement geology appears to be roughly flat lying to gently dipping. The hole was drilled to a depth of 281m and encountered bedrock at 143m . Bedrock consisted of broad sequences of orthogneiss and granodiorite/granitoid. Minimal chlorite alteration is present to a depth of 195.7m . A narrow interval of anomalous radioactivity associated with a pegmatite vein was encountered from 170.0 to 170.5m . Radioactivity in drill core peaked at 500 cps and downhole gamma survey peaked at 3,239 cps. It is likely the radioactivity is from thorium in the pegmatite rather than uranium.
Wales Lake
Hole ID |
Block |
Area |
Collar |
Hand-held Scintillometer Results On |
Basement Unconformity |
Total Drillhole |
||||
Az |
Dip |
From (m) |
To (m) |
Width (m) |
CPS Peak Range |
|||||
WL18-001 |
Block C |
SW |
235 |
-76 |
No Significant Radioactivity |
165.5 |
305.0 |
|||
WL18-002 |
Block C |
NE |
89 |
-76.6 |
170 |
170.5 |
0.5 |
500 |
143.0 |
281.0 |
Wales Lake: The 100% owned Wales Lake property comprises 30 claims in 3 non-contiguous blocks totaling ~35,440 hectares and is accessible by road with primary access from all-weather Highway 955. Similar to Fission Uranium’s PLS property, Wales Lake occupies the same stratigraphic position within the Clearwater Domain and represents relatively shallow depth basement hosted target areas outside of the margin of the Athabasca Basin. From west to east the 3 blocks are referred to as A, B and C respectively. Block A is the westernmost and is located ~30km west of Fission Uranium’s flagship high-grade Triple R uranium deposit. Block B is located a further ~6km to the east and Block C is located a further ~7km to the southwest.
Natural gamma radiation in drill core that is reported in this news release was measured in counts per second (cps) using a hand-held RS-121 Scintillometer manufactured by Radiation Solutions. The reader is cautioned that scintillometer readings are not directly or uniformly related to uranium grades of the rock sample measured and should be used only as a preliminary indication of the presence of radioactive materials. All intersections are down-hole, core interval measurements and true thickness is yet to be determined.
Samples from the drill core are split in half sections on site. Where possible, samples are standardized at 0.5m down-hole intervals. One-half of the split sample will be sent to SRC Geoanalytical Laboratories (an SCC ISO/IEC 17025: 2005 Accredited Facility) in Saskatoon, SK . Analysis will include a 63 element ICP-OES, and boron.
All depth measurements reported, including radioactivity and mineralization interval widths are down-hole, core interval measurements and true thickness are yet to be determined.
The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and reviewed on behalf of the company by Ross McElroy , P.Geol. Chief Geologist and COO for Fission 3.0 Corp., a qualified person.
About Fission 3.0 Corp.
Fission 3.0 Corp. is a Canadian based resource company specializing in the strategic acquisition, exploration and development of uranium properties and is headquartered in Kelowna, British Columbia . Common Shares are listed on the TSX Venture Exchange under the symbol “FUU.”
ON BEHALF OF THE BOARD
“Ross McElroy”
________________________
Ross McElroy , COO
Cautionary Statement: Certain information contained in this press release constitutes “forward-looking information”, within the meaning of Canadian legislation. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur”, “be achieved” or “has the potential to”. Forward looking statements contained in this press release may include statements regarding the future operating or financial performance of Fission 3.0 Corp. which involve known and unknown risks and uncertainties which may not prove to be accurate. Actual results and outcomes may differ materially from what is expressed or forecasted in these forward-looking statements. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Among those factors which could cause actual results to differ materially are the following: market conditions and other risk factors listed from time to time in our reports filed with Canadian securities regulators on SEDAR at www.sedar.com. The forward-looking statements included in this press release are made as of the date of this press release and Fission 3 Corp. disclaim any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation.
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.
SOURCE Fission 3.0 Corp.
|
|||||||||||||||||||
|
KEVIN DOUGAN The Twelve Days of Christmas
The Twelve Days of Christmas
On the First Day of Christmas my true love gave me a Partridge in a Pear Tree. Fortunately, the partridge was resting in a pear tree in the Anadarko Basin at the STACK in central Oklahoma. That led me to look deeply into an Oil & Gas Company named Jericho Oil, which smartly bought prolific, enticing land packages when Oil was at its absolute lows. “Never Waste a Good Crisis”. Brian Williamson, a well-groomed CEO, heads up a very experienced field crew and boasts a very loyal, savvy investor following, who know Oil. Currently shares can be shrewdly purchased for JCO (Jericho Oil) at 43 cents which is nearly it’s 52-week low. Buy Low, Sell High!!! Oil will rebound!!!
On the Second Day of Christmas my true love gave to me 2 Turtle Doves. My good fortune led me to where they were nesting in a prospective, massive land package on Pamlico Ridge outside Hawthorne, Nevada. It is owned by Newrange Gold (NRG). Past results were outstanding and there is much anticipation from the recent drill program which was just completed. I therefore bought some shares of NRG at 15 cents. Top flight management and an extremely mining friendly jurisdiction in Nevada which includes close proximity to the needed infrastructure. Shares are very tightly help by management and insiders adds to the appeal and they are a top pick for 2019 !!!
On the Third Day of Christmas my true love gave to me 3 Turtle Doves. As luck would have it, they came from a bramble bush in Sycamore Canyon, Arizona. That led me to look into a company named Arizona Silver Exploration (AZS). After some very encouraging grab samples, they are awaiting the eminent drill permits which will lead to an early Q-1 drill program. CEO & Geo, Greg Hahn has an excellent track record, the ultra-tight share structure (30 Million Shares) and consistent insider buying makes this an attractive buy at AZS – 8 cents.
On the Fourth Day of Christmas my true love gave to me 4 Calling Birds. It turns out the birds were nesting at a rapidly growing mining property, Kwanika owned by Serengeti Resources (SIR). They are awaiting a pre-feasibility study which should be awesome with the added fantastic drill results which were put to market in late 2018. This should really make 2019 an exciting time to own shares. CEO Dave Moore was a previous winner of Prospector of the Year and knows how and where to drill. Having a loyal and deep pocketed partner Daewoo, a mining giant from South Korea to foot the bills sure tamps down the risk. I bought some additional SIR shares at 17 cents today.
On the Fifth Day of Christmas my true love gave to me 5 Golden Rings. To my great fortune they were found in a shallow pond at a mine site named Goldboro, in Nova Scotia, owned by Anaconda Mining (ANX). The Goldboro Property has released some very encouraging drill results and will feed a super-efficient mill. They are awaiting more results of an ongoing aggressive drill program. They are guided by the real originator of the “Art of a Deal”, Jonathan Fitzgerald, who has some aces up his sleeve for 2019 and will be wheeling & dealing. I bought additional shares today of ANX for 22 cents.
On the Sixth Day of Christmas my true love gave to me 6 Geese a Laying. As luck would have it the geese were resting on a mountain in Japan. It turns out the property is owned by Irving Resources (IRV) named after a beloved cat who hates mailman … but has taking a liking to the Geese. Go figure!!! The company is owned by a savvy, bundle of dynamite, Akiko Levinson, who is partnered with a GEO you might have heard of, none other than Quinton Hennigh. If you haven’t heard of him you have no business investing in Juniors. Literally everything “Q” touches turn into Gold. A very tight share structure and an upcoming drill program in the Omu Mine, that produced awesome amounts of Gold, bode great things for 2019. I purchased shares today of IRV for $1.80. In past years I made a killing with this dynamic duo with Gold Canyon Resources. I am anticipating history repeating itself in 2019.
On the Seventh Day of Christmas my true love gave to me 7 Swans a Swimming. Luckily for me they were floating in a lake on a property in Elko, Arizona. This property holds massive amounts of Vanadium. The CEO, of First Vanadium (FVAN) Paul Cowley wrangled the property from the previous owners when Vanadium was $3 a pound. Now this “in vogue mineral” which strengthens steel and powers batteries presently commands $26 a pound. A soon to be released Pre-Feasibility Study promises exciting things in 2019. A very tight share structure adds to the allure. I purchased shares today of FVAN at 77 cents.
On the Eighth Day of Christmas my true love gave to me, 8 Maids a Milking. To my chagrin turns out the old bats were stumbling drunk and passed out in a mine owned by McEwen Mining (MUX). For those who don’t know CEO Rob McEwen, he is past leader of Goldcorp who went on to found this emerging powerhouse. Rob takes only a Dollar a year in salary, so he makes money only if the share price performs. I am expecting big things from this company when the Gold price shoots up. Shares today of MUX can be had for $1.79, a recent financing closed at $2.25 …only Rob can pull that off. His past successes bode well for future fortunes to be made in 2019. McEwen owns some excellent properties in some of the most mining friendly countries in the World.
On the Ninth Day of Christmas my true love gave to me 9 Ladies Dancing. Turns out they were dancing as they got into the spiked punch provided by 10 Lords. They stumbled upon a nice prospective piece of land in B.C. owned by Black Tusk Resources. A young management team known as “Da Boyz”, led by Richard Penn, who truly understands how to market, promote and raise capital. With only 20 Million shares outstanding and awaiting the results of a channel & sampling program from the old Slocum Mining District, TUSK is a sleeper at 22 cents.
On the Tenth Day of Christmas my true love gave to me 10 Lords a Leaping. As happen stance would have it, these guys came across the same spiked punch and passed out in pit located in the Dominican Republic. Fortunately, this property is owned by Precipitate Gold (PRG)and with the government waking up again to how important and crucial mining is for their economy. This makes the very nice prospective land package that CEO Jeff Wilson amassed adjacent to Barrick, seem like a game changer. The Dominican has been known to hold some epic Gold pockets and this sleeper, PRG can be had for 12 cents.
On the Eleventh Day of Christmas my true love gave to me 11 Pipers Piping. It seems they got hold of some spoiled eggnog and needed to rest and landed in pit in Guyana, South America. As fortune would have it, it is owned and operated by Sandspring Resources (SSP). With 10.4 Million ounces of Gold and being situated in an English speaking, very mining friendly jurisdiction along with some deep pocketed partners, this optionally play makes SSP an attractive purchase at 21 cents
On the Twelfth Day of Christmas my true love gave to me 12 Drummers Drumming. These guys it turns out got some moldy fruit cake from last year and they needed a place to rest and recoup in Chihauhau,Mexico on the property of Golden Goliath (GNG). CEO Paul Sorbara acquired this land over 30 years ago, he has recently sold similar property to Fresnillo and now has close to $2 million to drill. A land package that he has been hoping and waiting to drill for a long time. This sleeper company GNG can be had for 2 cents – (yes you read it right – 2 cents).
I would like to say, Merry Christmas from my family to yours. While 2018 has been a horrible for Junior Resource stocks, I believe 2019 will be the year when it all comes together. The price of Gold is closing in on on $1,270 and finally many key technical factors will kick in. Then certainly Gold will get some much needed and welcome wind in its sails. I can’t stress enough how fast and furious these Junior Miners can explode when the stars line up.The good Lord knows we have been waiting a long time and we will see the fruits of our patience rewarded bountifully in 2019. Mark my Words !!!
My website www.kdblueskymarketing.com hopefully will be a go to place for mining news and companies that I sniff out which are unloved, under-valued and prime for take-off in 2019.
In the 12 days of Christmas I have attempted to introduce some of the companies I believe in. I feel they are very under valued at this time. Some are sponsors of my website and hopefully, some will consider partnering with me to get the word out to a segment of the market which needs attention, support and most of all respect.
Kevin Dougan is an investor and close follower of the Junior Resource sector. I attend several trade shows a year and network and share info with some of the sharpest minds in the business. I AN NOT A FINANCIAL ADVISER. Please consult you own financial adviser when making investment decisions. If you would like to subscribe to my monthly FREE newsletter it is available on my home page at www.kdblueskymarketing.com
Merry Christmas & a Healthy, Wealthy 2019 to All
|
|||
|
|
|||||||||||||||||||
|
SPROTTs THOUGHTS Housing Crunch
|
- Initial work program at Prinsep returns a grab sample of 8 g/t gold
- Unconstrained gold in soil anomalies at the Eagle and Hawk prospects
- Crow area returns anomalous gold and copper values
VANCOUVER , Dec. 18, 2018 /CNW/ – NxGold Ltd.(“NxGold” or the “Company“), (TSXV: NXN) is pleased to provide additional results from its most recently completed field program at the Mt. Roe Project located in the Pilbara region of Western Australia . Results are now available from gridded soil sampling and prospecting samples from follow-up work on anomalous stream sediment samples as part of the continuing systematic approach to target area identification and drill target refinement at Mt Roe. Results from an initial program at Prinsep are also available. On-going metal detecting work has also identified additional nuggets consistent with our targeting approach.
Prinsep
A total of 7 stream sediment samples were collected and a soil grid with 80 m line spacing and 80 m sample spacing was taken for a collection of 60 samples. This was an initial work program focused on historical areas worked by prospectors using metal detectors. No significant stream sample values were returned. Soil sample results ranged from detection limit to a high of 180 parts per billion (“ppb”) gold, with areas of weak base metal and silver anomalies. However, eleven selective rock grab samples were collected which returned values from detection limit to 8.6 g/t Au. Expanded soil grids and additional prospecting is required to better understand the controls on mineralisation at Prinsep.
Eagle Area
Soil sampling (86 samples) has defined a possible intersection of a north-northwest trending feature and a northeast trending feature associated with the core of the magnetic high feature previously identified. The anomalous zone is approximately 500 m long and varies from 60 m to 120 m in width and may explain only a small portion of the +1.2 km long section of anomalous stream samples previously reported. The soil samples returned gold values ranging from detection limit to 244 ppb goldwith the anomalous zone defined by values greater than the 80th percentile value (17 ppb gold). The anomalous zone is not constrained to the north or southwest. Expanding the soils lines to the northwest and southwest in an effort to identify the ultimate extents of anomaly along with selective infill sampling to better define the core anomaly may be included as part of the next field program.
Hawk Area
Soil sampling (26 samples) has identified a roughly 100 m by 300 m anomalous area that is still open to the northwest and southwest. The soil samples returned gold values ranging from detection limit to 828 ppb gold with the anomalous zone defined by values greater than the 80th percentile value (17 ppb gold). This anomalous zone explains the previously reported highly anomalous stream sediment samples. Next steps for this area include adding additional soils lines to close off the soil anomaly to the northeast, southeast and southwest and detailed prospecting and sampling of surface exposures.
Crow Area
Following up on anomalous stream samples, three rock grab samples were collected from sub-cropping vein material and float vein material. These samples returned anomalous gold, copper, and silver values as presented in the table below and may explain the single high value stream sample previously reported from this area.
Sample |
Prospect |
Au g/t |
Ag g/t |
Cu % |
Description |
2311 |
Crow |
0.01 |
0.025 |
0.0023 |
veins amygdaloidal basalt with coarse epidote. |
2312 |
Crow |
0.36 |
34.4 |
2.597 |
vein breccia, chalcopyrite, chalcocite, malachite and limonite. |
2313 |
Crow |
1.29 |
26.8 |
2.521 |
Float vein breccia, chalcopyrite, chalcocite, malachite and limonite, 40 cm wide. |
Additional prospecting and a detailed soil grid program will assist in further identifying a target in this area.
Swan Area
Soil sampling (27 samples) has identified a roughly 100 m by 300 m anomalous area that is still open to the northeast and southwest; additionally, a single sample on the edge of the grid indicates the potential for a second soil anomaly to the west of the Swan Area which could correspond to a previously reported anomalous stream sample. The soil samples returned gold values ranging from detection limit to 152 ppb gold with the anomalous zone defined by values greater than the 80thpercentile value (17 ppb gold). This anomalous zone explains the previously reported highly anomalous stream sediment samples. Next steps may include additional soil lines to the northeast and west to identify the extents of the current soil anomalies, trenching across the known Swan Area structure on strike from previous trenching or scout drilling across and at depth of the known auriferous structure.
Christopher McFadden , Chief Executive Officer commented, “It is pleasing that in a relatively short period of time our team has evaluated the property for different mineralisation styles and advanced to the drill target delineation stage through the systematic exploration of the Mt Roe tenements. This systematic approach will also be used to evaluate the Prinsep tenements which are showing interesting targets and the newly granted tenements at Mt. Roe.”
Neither TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
About NxGold
NxGold is a Vancouver-based exploration company. The Company owns 80% of the Mt. Roe gold project located in the Pilbara region of Western Australia. The Company has also entered into an earn-in agreement with Meliadine Gold Ltd. to earn up to a 70% interest in the Kuulu Project (formerly known as the Peter Lake Gold Project) in Nunavut .
Technical Disclosure
The on-going sampling programs of stream sediments, soils, rocks and chip samples involve a quality assurance and quality control (QA/QC) program that includes the collection of field duplicates and insertion of certified reference materials at frequency of roughly one in ten samples. Rock samples, stream samples and some chip samples are selective in nature and are not representative of mineralisation on the property. All samples have been sent to Intertek Genalysis in Perth , WA for preparation and analysis. Rock and chip samples were analysed using a 50g fire assay for gold and a 10g aqua regia, 32-element inductively coupled plasma optical emission spectroscopy (‘ICP-OES’). Samples with visible gold or returning >10 g/t gold by fire assay are subject to a screen fire assay analysis. Stream sediment samples were analysed using 1000g bulk leach extractable gold analysis with Leachwell accelerant followed by ICP-MS with a 10g sample split for aqua regia 32 element ICP-OES analyses.
Stream samples were field screened fine fraction (minus 80 mesh) with a collected mass of 10-12kgs. Soil samples were field screened to minus 4mm with a collected mass of approximately 4kg. All samples were split by a two-tier riffle splitter in a secure storage facility into a laboratory sample and a retained reference sample.
Surface material was scraped away, followed by loosening of material with a prospector’s pick and lifting the material onto a sieve screen with a plastic scoop. Samples where sieved down in the field to minus 4 mm, directly into a sample bag. 4 kg of sieved material was collected for each sample. Sample depths went down to approximately 25 cm at each site. Samples were sealed in a cloth bag until split by a two-tier riffle splitter in a secure storage facility. Locations of each sample were recorded by a handheld GPS.
NxGold advises that the Mt Roe Gold project is an early stage exploration project utilising an evolving gold deposit model for a paleo-placer style of mineralisation. Abundant exploration work is required to understand the previously unrecognised sedimentary geology and confirm if the source(s) of the coarse gold is located within NxGold Ltd.’s tenements. There is no certainty of the discovery nor definition of a mineral resource.
The scientific and technical information in this news release has been prepared or approved by Darren Lindsay , P.Geo., Vice President Exploration and Development, of the Company, a “qualified person” within the meaning of National Instrument 43-101 – Standards of Disclosure for Mineral Projects.
Cautionary Statement Regarding “Forward-Looking” Information
This news release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. “Forward-looking information” includes, but is not limited to, statements with respect to activities, events or developments that the Company expects or anticipates will or may occur in the future including whether the proposed acquisition will be completed. Generally, but not always, forward-looking information and statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved” or the negative connotation thereof.
Such forward-looking information and statements are based on numerous assumptions, including among others, that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms, and that third party contractors, equipment and supplies and governmental and other approvals required to conduct the Company’s planned exploration activities will be available on reasonable terms and in a timely manner. Although the assumptions made by the Company in providing forward-looking information or making forward-looking statements are considered reasonable by management at the time, there can be no assurance that such assumptions will prove to be accurate.
Forward-looking information and statements also involve known and unknown risks and uncertainties and other factors, which may cause actual events or results in future periods to differ materially from any projections of future events or results expressed or implied by such forward-looking information or statements, including, among others: negative operating cash flow and dependence on third party financing, uncertainty of additional financing, no known mineral reserves or resources, reliance on key management and other personnel, potential downturns in economic conditions, actual results of exploration activities being different than anticipated, changes in exploration programs based upon results, and risks generally associated with the mineral exploration industry, environmental risks, changes in laws and regulations, community relations and delays in obtaining governmental or other approvals.
Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information or implied by forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company undertakes no obligation to update or reissue forward-looking information as a result of new information or events except as required by applicable securities laws.
SOURCE NxGold Ltd.
|
|||||||||||||||||||
|