SANTA PAULA, Calif.–(BUSINESS WIRE)–

-Expected to be Accretive for Fiscal 2019-

-Expands Company’s Lemon Holdings by 1,200 Acres-

-Further Enhances the Company’s One World of Citrus™ Initiative-

Limoneira Company (the “Company” or “Limoneira”) (LMNR), a diversified citrus growing, packing, selling and marketing company with related agribusiness activities and real estate development operations, announced today that it has entered into an agreement with FGF Trapani (“FGF”), a multi-generational, family owned citrus operation in Argentina. Beginning in 1937 with Ignacio Trapani, Ricardo Trapani (3^rd generation) and his sons, Fabricio, Gabriel, and Franco (4^th generation) have grown FGF into an enterprise of over 3,200 acres of lemons and oranges in the Provinces of Salta, Jujuy and Tucuman as well as owning and operating a juice processing facility in the Province of Tucuman.

As part of the agreement, Limoneira will create a subsidiary in Argentina under the name Limoneira Argentina S.A.U. (“Limoneira Argentina”) and will acquire 25% of the parcels of Finca Santa Clara, approximately 1,200 acres of planted lemons, upfront with an additional 25% to be acquired over a three-year period. Limoneira Argentina and FGF’s agreement will operate under the name Trapani Fresh, with Limoneira Argentina as the managing partner and responsible for all fresh fruit sales, holding a 51% interest and FGF holding a 49% interest. The agreement is expected to close in the middle of March 2019. FGF Trapani will maintain 100% ownership and control of the juice processing facilities and operations.

Alex Teague, Senior Vice President, stated, “It’s very exciting for us to expand our global footprint into Argentina and thereby strengthen our ability to become a 365-day, 24/7 global supplier of fresh citrus to our valued customers around the world. This joint venture fits in nicely with our One World of Citrus™ initiative and we are looking forward to welcoming FGF’s family owned business to the Limoneira team. This relationship will provide Limoneira with access to new markets and distribution networks, increase production and technical capacity and also reduce impact on operating results.”

Harold Edwards, President and Chief Executive Officer, added, “We are excited to add FGF’s rich supply of citrus to our global production and increase our competitive position. Our two companies have a long history with a combined 205 years in the business and this joint venture is bringing together years of industry knowledge and expertise. We expect the deal to be accretive in fiscal year 2019 and we will provide more information on our first quarter call in early March.”

About Limoneira Company

Limoneira Company, a 125-year-old international agribusiness headquartered in Santa Paula, California, has grown to become one of the premier integrated agribusinesses in the world. Limoneira (pronounced lē mon΄âra) is a dedicated sustainability company with 14,500 acres of rich agricultural lands, real estate properties, and water rights in California, Arizona, and Chile. The Company is a leading producer of lemons, avocados, oranges, specialty citrus and other crops that are enjoyed throughout the world. For more about Limoneira Company, visit www.limoneira.com.

Forward-Looking Statements

This press release contains forward-looking statements, including guidance for fiscal year 2018 and 2019, within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on Limoneira’s current expectations about future events and can be identified by terms such as “expect,” “may,” “anticipate,” “intend,” “should be,” “will be,” “is likely to,” “strive to,” and similar expressions referring to future periods.

Limoneira believes the expectations reflected in the forward-looking statements are reasonable but cannot guarantee future results, level of activity, performance or achievements. Actual results may differ materially from those expressed or implied in the forward-looking statements. Therefore, Limoneira cautions you against relying on any of these forward-looking statements. Factors which may cause future outcomes to differ materially from those foreseen in forward-looking statements include, but are not limited to: changes in laws, regulations, rules, quotas, tariffs and import laws; weather conditions that affect production, transportation, storage, import and export of fresh product; increased pressure from crop disease, insects and other pests; disruption of water supplies or changes in water allocations; pricing and supply of raw materials and products; market responses to industry volume pressures; pricing and supply of energy; changes in interest and currency exchange rates; availability of financing for land development activities; political changes and economic crises; international conflict; acts of terrorism; labor disruptions, strikes or work stoppages; loss of important intellectual property rights; inability to pay debt obligations; inability to engage in certain transactions due to restrictive covenants in debt instruments; government restrictions on land use; and market and pricing risks due to concentrated ownership of stock. Other risks and uncertainties include those that are described in Limoneira’s SEC filings which are available on the SEC’s website at http://www.sec.gov. Limoneira undertakes no obligation to subsequently update or revise the forward-looking statements made in this press release, except as required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20190204005399/en/

Vancouver, British Columbia–(Newsfile Corp. – February 1, 2019) – Maritime Resources Corp. (TSXV: MAE) (“Maritime”) announced that effective January 31, 2019 the following board and management changes have occurred to reflect the continued evolution and development of Maritime as it works to further advance the high-grade Hammerdown gold project and its Whisker and Orion exploration projects in Newfoundland:

• Mr. Douglas Fulcher will no longer serve as Maritime’s President and Chief Executive Officer and has resigned as a member of the board;
• Mr. Andrew Pooler will no longer serve as Maritime’s Chief Operating Officer and has resigned as a member of the board; and
• Mr. Garett Macdonald, currently a member of the board, will serve as Maritime’s President and Chief Executive Officer.

Maritime’s Chairman, Mr. John Hayes, stated, “I would like to thank Doug and Andrew, on behalf of Maritime and Maritime’s board, for their service as Maritime’s President and Chief Executive Officer and as Maritime’s Chief Operating Officer, respectively. The company has benefited from Doug’s efforts in guiding Maritime’s operations and has also benefitted from Andrew’s technical expertise as reflected in the progress the company has made to date on its projects.”

Mr. Hayes continued, “On behalf of Maritime and Maritime’s board, I would like to take this opportunity to welcome Garett as Maritime’s President and Chief Executive Officer. With his diverse and extensive engineering experience in project development and mine operations, including both open pit and narrow vein underground settings, the board believes that Garrett will provide the necessary technical and corporate leadership to Maritime as the company examines and advances development opportunities at Hammerdown. His innovation and commercial focus have earned him the reputation for producing results which will benefit Maritime at this important stage in its history and in the development of the company’s projects.”

About Maritime Resources Corp:

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

On behalf of the Board of Directors,

John Hayes
Chairman

For further information, please call: 
John Hayes
Telephone: 1-866-991-7004
info@maritimeresourcescorp.co

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. Statements in this press release, other than purely historical information, including statements relating to the Company’s future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements

Caution Regarding Forward Looking Statements:

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/42598

VANCOUVER, British Columbia, Feb. 01, 2019 (GLOBE NEWSWIRE) — Granite Creek Copper Ltd. (GCX.V) (“Granite Creek” or the “Company”) announces the appointment of Mr. Mathew Lee to the role of Chief Financial Officer (“CFO”), effective immediately.

Mr. Lee is a Chartered Accountant with a Bachelor of Commerce Degree from the University of British Columbia and is a member of the Chartered Professional Accountants of British Columbia. Mr. Lee brings broad depth of financial experience in both public and private company operations across various sectors, including mineral resources and financial services. Mr. Lee replaces Mr. Michael Rowley who has stepped down from his role as CFO for Granite Creek in order to concentrate on his responsibilities as President and CEO of fellow Metallic Group company, Group Ten Metals. Mr. Rowley will continue as a Director of Granite Creek.

Mr. Timothy Johnson, President and CEO, stated, “We are very pleased to have Mr. Lee join Granite Creek and to take another positive step forward in developing our corporate team. The Company anticipates release of substantive, project-related updates over the coming weeks and sustained news flow with respect to the Stu Copper project and operational fundamentals.”

Granite Creek further announces it has granted 2,900,000 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 1, 2024, and each Option will allow the holder to purchase one common share of the Company at a price of $0.15 per share, being the closing price of the previous trading day.

About Granite Creek Copper

Granite Creek is a newly-launched copper-focused exploration company. The Company’s flagship project is the 111 square kilometer Stu Copper project located in the Yukon’s Carmacks copper district, adjacent to Capstone Mining’s high-grade Minto Cu-Au-Ag mine and Copper North’s advanced-stage Carmacks Cu-Au-Ag project. More information about the company and the Stu Copper project can be viewed on the Company’s website at www.gcxcopper.com.

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 copper, silver, and platinum/palladium producers. Member companies include Granite Creek Copper (GCX.V) in the Yukon’s Carmacks copper district, Metallic Minerals (MMG.V) in the Yukon’s Keno Hill Silver District, and Group Ten Metals (PGE.V) in the Stillwater PGM-Ni-Cu district of Montana. Highly experienced management and technical teams at the Metallic Group have expertise across the spectrum of resource exploration and project development from initial discoveries to advanced development, including strong project finance and capital markets experience and have demonstrated a commitment to community engagement and environmental best practices. 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.

FOR FURTHER INFORMATION PLEASE CONTACT:

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.

More blowback to U.S. Sanctions. As Russia is reportedly responding by further moving towards cryptos and less dollar reliance.
What does this mean for the dollar? And for the cryptocurrency market?
To find out, click to watch the video now!

Chris Marcus
Arcadia Economics
“Helping You Thrive While We Watch The Dollar Die”
www.ArcadiaEconomics.com
 

Bob Moriarty

 
Original Source: https://bit.ly/2FT3LF3

 by admin |  posted in: Charts, Gold, Gold Stocks, Irving Resources, Novo Resources, Westhaven Ventures |  0

The last time Bob and I spoke global equity markets were coming unhinged and he very calmly stated that he thought there was a very good chance of a stock market rally starting very soon. As it turns out he was right, within a couple of days only because markets were closed on Christmas Day. Stock have essentially rallied non-stop for the last month and Bob now thinks the dead-cat bounce is about to come to an end. He also has some interesting thoughts on the global debt bubble that is about to pop and the government shutdown that just ended in the U.S. Without further ado here is Energy & Gold’s January 2019 conversation with 321gold founder Bob Moriarty…
 
Goldfinger: We’ve seen a nice move up in precious metals since the last time we spoke (Christmas Eve) and gold is currently knocking on the door of important resistance near $1300. Gold mining shares have also spent the last few weeks undergoing a healthy consolidation. What do you see for precious metals and mining stocks right now?
Bob Moriarty: I think that gold is the antithesis of the stock market right now. When stocks went down in December gold went up and two Fridays ago we saw gold get dinged about 1% while stocks rallied. I think a lot of smart people are sensing a crash is right around the corner and I think that gold and gold mining shares will soar when the stock bubble pops.
Goldfinger: We’ve received quarterly earnings reports for many of the world’s largest mining companies and generally speaking they have been quite poor; BHP disappointed, Freeport lowered guidance, Barrick didn’t impress with higher than expected costs, etc. We are starting to see a trend of increasing costs across the mining sector – even a massive miner like Barrick Gold reported US$3.00 per pound all-in sustaining costs (AISC) for copper production which means that Barrick is losing money mining copper on an all-in cost basis. While their cash costs are considerably lower (around US$2.00/lb) which means they won’t be reducing production anytime soon, the fact is that many global copper producers aren’t really incentivized to find new sources of copper production with copper prices sitting at US$2.65/lb.
Bob Moriarty: Here’s the deal, prices go from extreme highs to extreme lows. The prices of commodities will often go below the cost of production and people will shut projects down which will help commodity prices go back up again. The cost of labor has gone up while grades keep dropping, this explains why costs keep rising. Now when I see a price of copper of US$2.65/lb and I see all-in sustaining costs of US$3/lb I know we’re near a low.
Goldfinger: Considering the growing demand for electric vehicles and the rewiring of the global energy grid the future looks particularly bright for copper right now, however, you wouldn’t have guessed that by looking at the copper price chart:
The world is going to need a lot more copper over the next couple of decades. If Barrick can’t even mine the stuff profitably where are we going to find new sources of economic copper? Or I guess another way to ask that question is why aren’t copper prices a lot higher?
Bob Moriarty: It’s pretty clear to me that resource prices will have to move a lot higher and that would include base metals like copper and zinc. If copper prices remain below US$3/lb we simply won’t have enough supply to meet demand and prices will skyrocket higher in a very short period of time.
Goldfinger: Do you have any comments on the big gold producer mergers we have seen recently (Barrick and Randgold, Goldcorp and Newmont)? Do these mega-mergers have any impact upon the juniors and are we likely to see even more M&A within the gold sector in 2019?
Bob Moriarty: In general this trend is good for the juniors because the majors do not have exploration departments anymore, most of their new projects have to come from juniors. If metals prices go the way I think they will this year we will see more and more M&A throughout the year. You have to remember that majors like to acquire exploration & developments projects when prices are high and/or rising – nobody is going to make a big copper project acquisition at $2.65/lb but you can be certain that at $3.65/lb we will have more takeovers.
Goldfinger: One of my themes for 2019 is outperformance by the mid-tier gold producers and developers. One of the key catalysts to drive this outperformance should be M&A, with majors acquiring the most attractive mid-tiers while we will see mid-tiers combining with one another to create larger companies that will be treated better by the market, due to increased synergies and better cost structures.
Do you agree that we will see a lot of consolidation among mid-tiers in 2019?
Bob Moriarty: There has to be more consolidation in the sector, they have no choice. When you mine you are constantly consuming your young so you either have to explore and make new discoveries to replace the ounces you’re producing (read consuming) or you have to use M&A to replace reserves. Right now we aren’t seeing much exploration and certainly not much exploration success so the mid-tiers and majors have no choice but to merge with one another.
The big mergers that we’ve seen are also designed to make the companies more efficient and to lower costs per ounce. They should be more efficient and they should have lower costs, it’s not excusable for a major gold mining company to have all-in costs of over US$1,200 per ounce.
Goldfinger: The CEOs of Barrick and Newmont have stated publicly that they are no longer in the business of growth at all costs, they are going to manage their companies with an eye to the bottom line and clearly these recent mega-mergers help to achieve that objective.
Bob Moriarty: One of things that I don’t hear mentioned very often is that since 2007 the financial mismanagement by the global central banks has caused so many whipsaws in commodity prices that it has made it very hard to run a large commodity producer. How can you run an oil company when oil is $140 one day and then $35 the next day?
We need to get back to financial sanity and I believe we are seeing the gold mining sector get back to financial sanity with a focus on the bottom line.
Goldfinger: At the end of 2018 we had a brief stock market panic, let’s call it the Christmas Eve 2018 panic, you had been calling for a market crash and while I wouldn’t call it a crash it was definitely a serious panic. Is that it? Or was that just a tremor before the real crash happens?
Bob Moriarty: The last time we spoke I predicted a turnaround in stocks and then I wrote a post stating as much on Christmas Eve. Stocks have basically moved straight up for the last month and I still believe we have a monster crash coming. It could start next week or 1-2 months from now, but it is coming. December was the end of the beginning, we’ve just seen the previews of the real movie. The financial system is so warped that when the crash comes it’s going to the greatest financial tsunami in history. The action since Christmas Eve up until now is just a dead-cat bounce which helps to build up some more complacency before the real downturn begins.
Goldfinger: It’s more evident than ever to me that we are in a central bank controlled financial system and this was clearly evident when the Fed quickly backpedaled after New Year’s indicating they would be “patient” with regard to any further rate hikes. The market took this to mean that there wouldn’t be another hike for at least six months and that any hike would be well telegraphed far in advance.
Meanwhile, we’re seeing a lot of evidence that global economic growth has been deteriorating and there are few indications that this trend will change anytime soon. Precious metals and gold in particular could be in a sweet spot as global central banks begin easing (after a couple years of tightening via rate hikes and balance sheet shrinkage) against the backdrop of weakening economic growth and an unusually daunting set of global macro uncertainties. Price action in precious metals has also been quite constructive since August of last year while sentiment has remained relatively muted and institutional exposure to gold and silver continues to be virtually non-existent.
With the US dollar looking like it’s about to turn lower after a strong performance in 2018, gold in US dollar terms is poised to perform exceptionally well in 2019. It feels like conditions are ripe for a stellar year for precious metals in 2019.
Bob Moriarty: I think you’re onto something there and there’s some data that’s shown that gold has been making record highs in almost every other currency other than the US dollar. What I see happening is the stock market beginning to crash in the next couple of months which will cause the Fed to panic and reimplement QE-infinity which will weigh heavily on the dollar and in turn turbo-charge precious metals and other hard assets.
There are tremendous forces building up across the world right now that will eventually result in a massive explosion. Let me give you an example, I just wrote a piece about the yellow vests in France. Did you know that there are now protests going on in more than 30 countries around the world? Yellow vest protests.
Goldfinger: No, I didn’t know that. The Gilets-Jaunes (yellow vests) are a symptom of a bigger problem. The elite and ruling classes have ripped off the system and left the common working class people paying for their excesses and the excesses of central banks that they have managed to profit from.
What do you think about the FBI dawn raid and arrest of Roger Stone?
Bob Moriarty: We’re in never never land, we’ve got the FBI and the DOJ trying to say who the President of the United States should be. This is treason being carried about by government law enforcement agencies. This is the most bizarre thing in American history, i’ve never seen anything like it. And then you have incidences like the one with the Kentucky high school kids at the Lincoln Memorial where the leftists and left-stream media are trying to completely distort reality and it can only end in tragedy. There is going to be a revolution/civil war in the United States and it is going to spread worldwide. There are yellow vest protests in China and Poland and around the world. They’re even protesting in Canada! Who the heck protests in Canada?!!
Goldfinger: Trump caved in on the government shutdown last week after 35 days of shutting down the federal government. What was accomplished through this government shutdown and can Trump really build a wall via emergency order?
Bob Moriarty: Nothing at all. Trump tried to show Pelosi how much power he had and he did. He has next to none. The whole wall issue is a circus side show. We have had open borders for a hundred years and we somehow survived. Fifty years ago I would go dove hunting in Mexico and you could wave at the customs guys as you passed through.
Goldfinger: I read a statistic the other day that the US has US$122 Trillion of unfunded liabilities which equates to 564% of Fiscal 2018 GDP.  To fund these unfunded liabilities would require 10% of GDP for more than 56 years. The debt pile that has built up around the world, particularly in the US, is so large that it will never be repaid. I don’t think these massive government liabilities were ever meant to be repaid.
Bob Moriarty: You’re right, it will never be repaid and it was never intended to be repaid. When you were a kid did you ever blow up a balloon at a party?
Goldfinger: Yes, of course.
Bob Moriarty: I want you to imagine the biggest balloon you’ve ever seen and you start blowing into it, you keep blowing into it, and it keeps expanding, what is going to eventually happen?
Goldfinger: Eventually it’s going to pop!
Bob Moriarty: No shit! If you understand balloons then you understand debt bubbles. You can keep blowing into that balloon but you can be sure that if you keep blowing into it then it’s going to pop. The same way that if we keep inflating the debt bubble you can be sure that it’s going to pop one day and the consequences will be like nothing you or I have ever seen before. One day grandma is going to go try to cash her social security check and the bank is going to tell her the check bounced. Want to see a panic? That will be a real panic.
Goldfinger: One more topic before we wrap up, we’ve talked about a few companies recently including Westhaven Ventures (TSX-V:WHN), Irving Resources (CSE:IRV), and Novo Resources (TSX-V:NVO). Do you have any comments or updates on these stories?
Bob Moriarty: Novo is everything i’ve been saying for the last six years and they are making wonderful progress. Novo CEO Quinton Hennigh is also Chairman of the Board of a company called Miramont (CSE:MONT) that literally just started drilling some attractive targets in Peru and that one is going to be a home run. Quinton is also involved with Irving Resources and they are about to start drilling on Hokkaido Island in Japan.
Westhaven delivered some nice intercepts recently and notwithstanding the short term market gyrations I believe that Shovelnose is a great project that will eventually be a mine.
Goldfinger: So Irving is about to start drilling within the next couple of weeks?
Bob Moriarty: Yes, and they will announce it to the market when they do begin.
Goldfinger: I posted a couple of charts of gold and silver recently illustrating a positive outlook for both metals. What is sentiment telling you here? Is there room for silver to get up to $17 and gold up above $1350 before we have the next correction?
 
Gold (Weekly)

 
Silver (Weekly)

Bob Moriarty: I’m ok at predicting price direction but hopeless at predicting price. We have had a bottom in silver, gold and platinum. Palladium has gotten pretty toppy. If and when the Fed reinstates QE, you are going to want to hold precious metals.
 
Well that sums it up succinctly; we’ve made a bottom in precious metals and the growing global debt tsunami increasingly makes precious metals a compelling asset for investors to hold. Bob doesn’t proclaim to be a market timer, nevertheless his calls at key market turning points are among the best i’ve ever seen. I believe him when he says the dead-cat bounce in large cap US equities is coming to an end very soon. As always, we’d like to thank Bob for his time and insights. Until next time…
 
Disclaimer:
The article is for informational purposes only and is neither a solicitation for the purchase of securities nor an offer of securities. Readers of the article are expressly cautioned to seek the advice of a registered investment advisor and other professional advisors, as applicable, regarding the appropriateness of investing in any securities or any investment strategies, including those discussed above. Some of the stocks mentioned are high-risk venture stocks and not suitable for most investors. Consult the companies’ SEDAR profile for important risk disclosures.
EnergyandGold.com, EnergyandGold Publishing LTD, its writers and principals are not registered investment advisors and advice you to do your own due diligence with a licensed investment advisor prior to making any investment decisions.
This article contains certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively “forward-looking statements”). Certain information contained herein constitutes “forward-looking information” under Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “expects”, “believes”, “aims to”, “plans to” or “intends to” or variations of such words and phrases or statements that certain actions, events or results “will” occur. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed by such forward-looking statements or forward-looking information, standard transaction risks; impact of the transaction on the parties; and risks relating to financings; regulatory approvals; foreign country operations and volatile share prices. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or 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 statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Actual results may differ materially from those currently anticipated in such statements. The views expressed in this publication and on the EnergyandGold website do not necessarily reflect the views of Energy and Gold Publishing LTD, publisher of EnergyandGold.com. Accordingly, readers should not place undue reliance on forward-looking statements and forward looking information. The Company does not undertake to update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws. Always thoroughly do your own due diligence and talk to a licensed investment adviser prior to making any investment decisions. Junior resource companies can easily lose 100% of their value so read company profiles on www.SEDAR.com for important risk disclosures. It’s your money and your responsibility.

TORONTO , Jan. 24, 2019 /CNW/ – Excellon  Resources Inc. (TSX:EXN; OTC:EXLLF) (“Excellon” or the “Company”) is pleased to announce high-grade results from the ongoing surface exploration program at the Platosa Property in Durango, Mexico , where diamond drilling has expanded the NE-1S Manto eastward and identified an open zone of mineralization, with drilling ongoing.

Highlights:

• Highest grade intersections encountered to date on NE-1S Manto, extending open zone of potential mineralization eastward from existing mineral resources.
• Anomalous gold continues to be intersected along 623 Trend which continues into NE-1S Manto and remains open for expansion to the east.
• High-grade intersections include:
  • 968 g/t Ag, 9.4% Pb, 20.1% Zn and 0.28 g/t Au or 2,356 g/t silver equivalent (“AgEq”) over 5.0 metres in EX18LP1151;
  • 1,127 g/t Ag, 8.41% Pb and 10.46% Zn or 1,996 g/t AgEq over 4.8 metres in EX18LP1155.

“We have encountered significantly higher than anticipated grades and widths at NE-1S from surface,” stated Ben Pullinger , Senior Vice President Geology. “More importantly, we have identified an open zone to continue expanding the mineralized footprint to the east with our ongoing drilling program during 2019.”
Exploration Results
The following table shows highlighted intervals from the current surface drilling program currently targeting the NE-1S Manto.

 
Today’s results are from systematic step out drilling to the east of the NE-1S Manto. These holes define an additional approximately 35 metres of eastward extension, where mineralization remains open and is the target of ongoing surface drilling. These holes are also located along a gold-bearing northeast structural trend that continues from the 623 Manto.
Surface drilling continues with a drill rig testing targets in the same target horizon that hosts the Platosa Mine within the north-south trending Platosa corridor. The Company is also in the process of defining new targets at Jaboncillo , PDN, Saltillera North and South and San Gilberto through its ongoing fieldwork program.
Platosa drill core samples are prepared and assayed by SGS Minerals Services in Durango, Mexico . The lab is accredited to ISO/IEC 17025. The Company has a comprehensive QA/QC program, supervised by an independent Qualified Person.

Qualified Person
Mr. Ben Pullinger , P. Geo, Senior Vice-President Geology, has acted as the Qualified Person, as defined in NI 43-101, with respect to the disclosure of the scientific and technical information relating to exploration results contained in this press release.
About Excellon
Excellon’s 100%-owned Platosa Mine has been Mexico’s highest-grade silver mine since production commenced in 2005. The Company is focused on optimizing Platosa’s cost and production profile, discovering further high-grade silver and carbonate replacement deposit (CRD) mineralization on the 21,000 hectare Platosa Project and epithermal silver mineralization on the 100%-owned 45,000 hectare Evolución Property, and capitalizing on current market conditions by acquiring undervalued projects in the Americas.
Additional details on the La Platosa Mine and the rest of Excellon’s exploration properties are available at www.excellonresources.com.
Forward-Looking Statements
The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this Press Release, which has been prepared by management. This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 27E of the Exchange Act. Such statements include, without limitation, statements regarding the future results of operations, performance and achievements of the Company, including potential property acquisitions, the timing, content, cost and results of proposed work programs, the discovery and delineation of mineral deposits/resources/reserves, geological interpretations, proposed production rates, potential mineral recovery processes and rates, business and financing plans, business trends and future operating revenues. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward looking statements as a result of various factors, including, but not limited to, variations in the nature, quality and quantity of any mineral deposits that may be located, significant downward variations in the market price of any minerals produced, the Company’s inability to obtain any necessary permits, consents or authorizations required for its activities, to produce minerals from its properties successfully or profitably, to continue its projected growth, to raise the necessary capital or to be fully able to implement its business strategies. All of the Company’s public disclosure filings may be accessed via www.sedar.com and readers are urged to review these materials, including the technical reports filed with respect to the Company’s mineral properties, and particularly the September 7, 2018 NI 43-101 technical report prepared by SRK Consulting ( Canada ) Inc. with respect to the Platosa Property. This press release is not, and is not to be construed in any way as, an offer to buy or sell securities in the United States. 

SOURCE Excellon Resources Inc.

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A Speculator’s Portfolio

My experience based on having run three companies in India is that there is not much, if anything, you can do about those in the Third World. Fear of ghosts, and superstitions—and an over-whelming irrationality—is hardwired in them.
They simply have no passion to do well in life, accumulate, and build a civilization. They want to make money quickly and use it for decadence. They have no gratitude, and you can do nothing about it. They have no capability to be respectful. The only thing that makes them toe the line is the fear of the higher-ups. If you remove this fear, they go wild. Carrots and sticks do not work, for they cannot calculate. You can give them all you can, and they will merely expect more, as a right. 
Europeans brought written language to sub-Saharan Africa; and railways, science and enlightenment to India. Without European management, all the benefits the Third World got are getting rapidly neutralized. Without Europeans running them, the Third World will revert back to the dark ages.
None of the above stops the compulsive virtue-signalers—the World Bank, the IMF, main-stream media, big corporations, etc.—from claiming that the Third World will have the biggest economies in the near future.
In a recent report, Standard Chartered Bank claims that by 2030 India’s economy will be $46 trillion large, while US’s will be only $31 trillion. I tried all sensible tricks possible on my spreadsheet to see what growth rate India would require to get from a country where half the population poops in the open to become an economy 50% larger than the US, all in a mere 12 years. Reports like these can be reasonably assured to go unchallenged. Who wants to look racist by suggesting that India cannot be such a big economy if at all India will still be a single country by 2030?
On investments…
Today, I gave a presentation on building a “speculator’s portfolio,” at the just concluded Vancouver Resource Investment Conference. Here is the list that I gave, with my preferred buying prices:

• Keras Resources (KRS.LON; £0.0032)
• Lorraine Copper (LLC; C$0.115)
• Nkwe Platinum (NKP; A$0.064)
• G-Resources (1051.HKG; HK$0.048)
• Condor Resources (CN; C$0.05)
• IDM Mining (IDM; C$0.055)
• FPX Nickel (FPX; C$0.105)
• Amarillo Gold (AGC; C$0.23)
• Globex Mining (GMX; C$0.29)
• Miramont Resources (MONT; C$0.30)
• VR Resources (VRR; C$0.16)
• Altus Strategies (ALTS; C$0.045; in the “watch-list”)
• Energold (EGD; C$0.125; in the “watch-list”)

Half of the seats of the next Capitalism & Morality are gone. Please register now if you would like to be assured a seat.
Warm regards,

Jayant Bhandari

Associate: Rajni Bala

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