Category: Energy

GROUP TEN METALS Reports High-Grade Palladium, Platinum and Gold from the Wild West and Boulder Target Areas at the Stillwater West Project, Montana, USA

Post author By admin
Post date January 25, 2019

VANCOUVER, British Columbia, Jan. 25, 2019 (GLOBE NEWSWIRE) — Group Ten Metals Inc. (TSX.V: PGE; US OTC: PGEZF; FSE: 5D32) (the “Company” or “Group Ten”) announces results from the Wild West and Boulder target areas covering the far-western end of the Stillwater West Project in Montana, USA. This is the first in a series of planned news releases to report results of 2018 exploration programs and on-going compilation and modeling work at the Company’s flagship PGE-Ni-Cu project adjacent to Sibanye-Stillwater’s high-grade PGE mines in the Stillwater Igneous Complex. With more than 41 million ounces of past production and current M&I resources, plus another 49 million ounces of inferred resources at over 16 g/t palladium and platinum, the Stillwater Complex is recognized as one of the top regions in the world for PGE-Ni-Cu mineralization^1,2.

Michael Rowley, President and CEO, commented, “We are pleased to report the results of our compilation and modelling efforts at Stillwater West alongside results of the 2018 exploration. This first release focuses on the Boulder and Wild West target areas, which cover the western-most 8 km of the 25 km long Stillwater West project, where work in 2018 confirmed the presence of significant PGE+gold along with nickel, copper and cobalt sulphide mineralization. Mineralization at these two target areas corresponds with two nearly untested electromagnetic geophysical conductors that are approximately 4 and 3.8 km in length, respectively. Surface sampling from these targets show values up to 10.3 grams-per-tonne (g/t) palladium, 3.8 g/t platinum and 21.8 g/t gold in rock samples, with 20 samples returning from 2 to 30 g/t platinum equivalent grade mineralization, including significant nickel, copper, and cobalt values.”

“Mineralization styles seen at these two target areas include high-grade PGE “Reef-type” and structurally controlled PGE+gold, along with bulk-tonnage “Platreef-style” PGE-Ni-Cu mineralization geologically similar to the Northern Bushveld, which hosts Anglo American’s world-leading Mogalakwena mines, as well as Ivanhoe’s Platreef project. These very encouraging sample results, along with the untested kilometer-scale electromagnetic conductor anomalies, highlight the potential for major new PGE-Ni-Cu discoveries at Stillwater West, within the prolific Stillwater Complex.”

Wild West Target Area

As shown in Figure 1, the Wild West target area is one of eight major target areas defined by the Company across the lower portion of the Stillwater Complex based on multi-kilometer-scale electromagnetic geophysical (conductive high) anomalies that are coincident with highly elevated metals in soils and surface rock sampling. The Wild West electromagnetic conductor target covers an area of approximately 3.8 km by 1.7 km in size with very encouraging but limited drilling completed on the southeastern edge of the conductor at the Pine Shear Zone.

Table 1 and Figure 2 present highlight intercepts from recent compilation work by the Company on 22 holes drilled at the Pine Shear Zone targeting high-grade gold+PGE mineralization along with nickel, copper and cobalt. Highlight results from drilling at the Pine Shear Zone include 31.02 g/t 3E (28.7 g/t Au, 1.06 g/t Pt, 1.27 g/t Pd) over 2.6 meters and 16.94 g/t 3E (16.19 g/t Au, 0.24 g/t Pt, 0.50 g/t Pd) over 7.98 meters in a gold+PGE-enriched, structurally-controlled shear zone hosted within the chromite-rich ultramafic stratigraphy. Mineralization remains open to expansion in all directions and is one of several priority targets for additional follow up exploration in the Wild West target area.

Rock sampling by Group Ten in 2018 at the Pine Shear Zone returned palladium grades of over 10 g/t while also confirming high-grade gold with the highest grab sample assaying 23.1 g/t 3E (21.8 g/t Au, 0.64 g/t Pt and 0.72 g/t Pd). Outside of the Pine Shear Zone in the broader Wild West target area, reconnaissance rock chip samples confirm the presence of significant PGE, nickel, copper and cobalt mineralization in the ultramafic series including up to 11.5 g/t 3E (10.5 g/t Pd, 1.2 g/t Pt and 0.23 g/t Au) with a total of 17 rock samples exceeding 2 g/t 3E see Figure 1 and Table 2).

TABLE 1 – Highlight mineralized drill intercepts from the Pine Shear Zone at the Wild West Target Area

		INTERVAL		PRECIOUS METALS				BASE METALS				TOTAL METAL EQUIVALENTS		GRADE THICKNESS
HOLE ID	From	To	Width	Pt	Pd	Au	3E	Ni	Cu	Co	NiEq	TotPtEq	TotNiEq	Grade x Width
	(m)	(m)	(m)	(g/t)	(g/t)	(g/t)	(g/t)	(%)	(%)	(%)	(%)	(Pt g/t)	(Ni %)	(gram-meter)
PC2004-04	0.00	20.73	20.73	0.21	0.34	0.08	0.64	0.12	0.06	0.009	0.18	1.38	0.34	29

PC2004-07	19.20	46.63	27.43	0.25	0.76	0.09	1.10	n/a	n/a	n/a	n/a	1.13	0.27	31

PC-2	11.09	22.46	11.37	0.17	0.35	11.77	12.30	n/a	n/a	n/a	n/a	15.24	3.70	173
including	14.48	22.46	7.98	0.24	0.50	16.19	16.94	n/a	n/a	n/a	n/a	20.99	5.10	167

PC-3	0.15	9.72	9.57	0.16	0.16	3.77	4.09	n/a	n/a	n/a	n/a	5.04	1.22	48
including	5.70	9.72	4.02	0.38	0.39	7.27	8.04	n/a	n/a	n/a	n/a	9.86	2.40	40

PC-5	3.05	6.28	3.23	0.89	1.04	23.49	25.43	n/a	n/a	n/a	n/a	31.30	7.61	101
including	3.05	5.67	2.62	1.06	1.27	28.69	31.02	n/a	n/a	n/a	n/a	38.19	9.28	100

PC-6	29.87	39.84	9.97	0.12	0.12	4.36	4.60	n/a	n/a	n/a	n/a	5.69	1.38	57

PC-9	4.39	5.76	1.37	0.34	0.34	15.87	16.56	n/a	n/a	n/a	n/a	20.53	4.99	28

Intercepts with grade thickness values over 25 gram-meter TotPtEq are presented above. Total Platinum Equivalent (TotPtEq g/t) and Total Nickel Equivalent calculations reflect total gross metal content using metals prices as follows (all USD): $6.00/lb nickel (Ni), $3.00/lb copper (Cu), $20.00/lb cobalt (Co), $1,000/oz platinum (Pt), $1,000/oz palladium (Pd) and $1,250/oz gold (Au). Values have not been adjusted to reflect metallurgical recoveries. Total metal equivalent values include both base and precious metals, where available. Results labelled ‘n/a’ were not assayed for that metal. Total platinum equivalent grade thickness was determined by multiplying the thickness (in meters) by the Total Platinum Equivalent grade (in grams/tonne) to provide gram-meter values (g-m) as shown. PC2004 series holes were conducted in 2004 by Group Ten’s QP while working for Premium Exploration. PC series holes were drilled in 1983 and the results are considered historic and have not been independently verified by Group Ten.

TABLE 2 – Highlight 2018 rock sample results from the Wild West target area

		PRECIOUS METALS				BASE METALS				TOTAL METAL EQUIVALENTS
SAMPLE ID	LOCATION	Pt	Pd	Au	3E	Ni	Cu	Co	NiEq	TotPtEq	TotNiEq
		(g/t)	(g/t)	(g/t)	(g/t)	(%)	(%)	(%)	(%)	(Pt g/t)	(Ni %)
3190318	Wild West (PSZ)	0.64	0.72	21.80	23.16	0.260	0.071	0.018	0.36	30.07	7.31
97809	Wild West (PSZ)	0.37	0.59	11.70	12.66	n/a	n/a	n/a	n/a	15.58	3.79
97805	Wild West (PSZ)	3.77	10.34	0.22	14.32	n/a	n/a	n/a	n/a	14.38	3.49
3190486	Wild West (PSZ)	0.24	0.49	7.93	8.66	0.475	0.313	0.027	0.72	13.61	3.31
3190317	Wild West (PSZ)	0.37	0.31	7.31	7.99	0.551	0.034	0.028	0.66	12.53	3.05
3190498	Wild West	1.24	10.05	0.23	11.53	0.162	0.006	0.013	0.21	12.44	3.02
1409988	Wild West (PSZ)	1.82	6.01	0.20	8.03	0.157	0.029	0.040	0.30	9.33	2.27
3190408	Wild West (PSZ)	0.58	1.35	3.19	5.13	0.119	0.223	0.020	0.30	7.15	1.74
3190497	Wild West	2.11	3.55	0.01	5.67	0.100	0.017	0.017	0.17	6.35	1.54
3190508	Wild West	1.09	3.20	0.27	4.56	0.217	0.067	0.024	0.33	5.99	1.46
3190320	Wild West	1.03	2.95	0.44	4.41	0.138	0.011	0.018	0.20	5.36	1.30
3190509	Wild West	1.12	2.83	0.14	4.08	0.142	0.000	0.026	0.23	5.06	1.23
337315	Wild West	0.76	2.01	0.23	3.00	0.259	0.084	0.030	0.40	4.71	1.15
337389	Wild West (PSZ)	2.80	0.47	0.03	3.30	0.067	0.017	0.023	0.15	3.93	0.96
3190386	Wild West	0.44	1.61	0.19	2.24	0.183	0.245	0.022	0.38	3.84	0.93
1409992	Wild West	0.86	1.83	0.03	2.72	0.090	0.034	0.024	0.19	3.49	0.85
337307	Wild West	1.76	0.67	0.02	2.45	0.114	0.021	0.013	0.17	3.14	0.76
337309	Wild West	0.61	0.83	0.14	1.58	0.250	0.084	0.020	0.36	3.09	0.75
3190422	Wild West	0.32	0.58	0.10	0.99	0.217	0.172	0.024	0.38	2.59	0.63
3190507	Wild West	0.11	0.23	0.11	0.44	0.327	0.182	0.018	0.48	2.44	0.59

Results over 2 g/t TotPtEq are presented above. Total Platinum Equivalent (TotPtEq g/t) and Total Nickel Equivalent were determined as per Table 1.

Boulder Target Area

The Boulder EM conductor target covers an area approximately 4 km long by 1 km wide with a highly conductive electromagnetic response over the Ultramafic and Basal Series of the Stillwater Complex. While the area is among the least explored at Stillwater West, Group Ten’s work in 2018, together with the available historic data, confirms the presence of significant levels of PGE, Ni, Cu, Co and Cr mineralization coincident with the conductive high anomaly, confirming the potential for large bodies of strongly disseminated sulphides.

Mineralization at the Boulder target area is further confirmed by historic drilling by Anaconda in the 1970s which targeted nickel and copper sulphides and chromites in the Basal and Ultramafic Series. Historic data from drill hole BR-2 at the Boulder Target Area reported three intervals grading between 0.42% to 1.5% combined nickel plus copper but were not assayed for PGE or gold values. Future work at the Boulder Target Area will include detailed mapping and soil and rock sampling to develop and refine drill targets.

Upcoming News and Events, Including Core Display at AMEBC Roundup

Group Ten will be participating in the 2019 AMEBC Mineral Roundup Event in Vancouver. Investors are invited to view core from Stillwater West at display #1018 in the Core Shack area during the AME Round Up tradeshow on January 28 and 29, 2019. Group Ten will also be at booth #1009 in the Exhibit Hall for the duration of the show, and will be at the PDAC convention in March in Toronto, among other upcoming shows.

The Company looks forward to releasing further results from the adjacent and more advanced Chrome Mountain and Iron Mountain target areas in the coming weeks.

About Stillwater West

The Stillwater West PGE-Ni-Cu project positions Group Ten as the second largest landholder in the Stillwater Complex, adjoining and adjacent to Sibanye-Stillwater’s world-leading Stillwater, East Boulder, and Blitz platinum group elements (PGE) mines in south central Montana, USA. With more than 41 million ounces of past production and current M&I resources, plus another 49 million ounces of Inferred resources^1,2, the Stillwater Complex is recognized as one of the top regions in the world for PGE-Ni-Cu mineralization, alongside the Bushveld Complex and Great Dyke in southern Africa, which are similar layered intrusions. The J-M Reef, and other PGE-enriched sulphide horizons in the Stillwater Complex, share many similarities with the highly prolific Merensky and UG2 Reefs in the Bushveld Complex, while the lower part of the Stillwater Complex also shows the potential for much larger scale disseminated and high-sulphide PGE-nickel-copper type deposits, possibly similar to Platreef in the Bushveld Complex³. Group Ten’s Stillwater West property covers the lower part of the Stillwater Complex along with the Picket Pin PGE Reef-type deposit in the upper portion, and includes extensive historic data, including soil and rock geochemistry, geophysical surveys, geologic mapping, and historic drilling.

Note 1:	Report on Montana Platinum Group Metal Mineral Assets of Sibanye-Stillwater, November 2017, Measured and Indicated Resources of 57.2 million tonnes grading 17.0 g/t Pt+Pd containing 31.3 million ounces and 92.5 million tonnes grading 16.6 g/t containing 49.4 million ounces.
Note 2:	Public production records from Stillwater Mining Company from 1992 to present.
Note 3:	Magmatic Ore Deposits in Layered Intrusions—Descriptive Model for Reef-Type PGE and Contact-Type Cu-Ni-PGE Deposits, Michael Zientek, USGS Open-File Report 2012–1010.

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 highly prospective Kluane PGE-Ni-Cu project on trend with Nickel Creek Platinum‘s Wellgreen deposit in Canada‘s Yukon Territory, and the high-grade Black Lake-Drayton Gold project in the Rainy River district of northwest Ontario.

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-H.V) in the Yukon’s Carmacks copper district. 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. 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	Phone: (604) 357 4790
Web: http://grouptenmetals.com	Toll Free: (888) 432 0075

Quality Control and Quality Assurance

2018 rock chip samples were analyzed by Bureau Veritas Mineral Laboratories in Vancouver, B.C. Samples were crushed and split, and a 250 g split pulverized with 85% passing 200 mesh. Gold, platinum, and palladium were analyzed by fire assay (FA350) with ICP finish. Selected major and trace elements were analyzed by peroxide fusion with ICP-EB finish to insure complete dissolution of resistate minerals. Following industry QA/QC standards, blanks, duplicate samples, and certified standards were also assayed. Due to a Pd over-limit of 10 ppm, there is only qualitative Pd data for sample 3190498 from FA350 analysis.

2004 drilling was conducted by Group Ten’s QP while working for Premium Exploration. 1983 drill results are considered historic and have not been independently verified by Group Ten.

1980s assay data was obtained from a 1986 report by geologist R.J. Warchola titled “A Hydrothermal Gold Occurrence on Chrome Mountain, Stillwater Complex, Montana” published in the Montana Geologic Society and Yellowstone Bighorn Research Association Joint Field Conference and Symposium: Geology of the Beartooth Uplift and Adjacent Basin: YBRA 50th Anniversary Edition, 1986; and a 1984 internal report by R.J. Warchola titled “Geologic Report on the Pine Claim, Sweetgrass County, Montana February 1984”

Assay data for drillhole BR-2 was obtained graphically from a 1979 Anaconda Copper Company map by G.F. Willis and J. Bielak.

Mr. Mike Ostenson, P.Geo., is the qualified person for the purposes of National Instrument 43-101, and he has reviewed and approved the technical disclosure contained in this news release.

Forward-Looking Statements

Forward Looking Statements: This news release includes certain statements that may be deemed “forward-looking statements”. All statements in this release, other than statements of historical facts including, without limitation, statements regarding potential mineralization, historic production, estimation of mineral resources, the realization of mineral resource estimates, interpretation of prior exploration and potential exploration results, the timing and success of exploration activities generally, the timing and results of future resource estimates, permitting time lines, metal prices and currency exchange rates, availability of capital, government regulation of exploration operations, environmental risks, reclamation, title, and future plans and objectives of the company are forward-looking statements that involve various risks and uncertainties. Although Group Ten believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Forward-looking statements are based on a number of material factors and assumptions. Factors that could cause actual results to differ materially from those in forward-looking statements include failure to obtain necessary approvals, unsuccessful exploration results, changes in project parameters as plans continue to be refined, results of future resource estimates, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, risks associated with regulatory changes, defects in title, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, uninsured risks, delays in receiving government approvals, unanticipated environmental impacts on operations and costs to remedy same, and other exploration or other risks detailed herein and from time to time in the filings made by the companies with securities regulators. Readers are cautioned that mineral resources that are not mineral reserves do not have demonstrated economic viability. Mineral exploration and development of mines is an inherently risky business. Accordingly, the actual events may differ materially from those projected in the forward-looking statements. For more information on Group Ten and the risks and challenges of their businesses, investors should review their annual filings that are available at www.sedar.com.

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.

Photos accompanying this announcement are available at:

http://www.globenewswire.com/NewsRoom/AttachmentNg/4892ef65-f505-4efc-92a5-e8e4a2e89b03

http://www.globenewswire.com/NewsRoom/AttachmentNg/67397f95-bf6a-4232-aec3-d0827a765b95

Base Metals Energy

NexGen Commences 125,000 m Feasibility Stage Drilling Program and Technical Studies at the Arrow Deposit

Post author By admin
Post date January 21, 2019

PR NewswireJanuary 21, 2019

VANCOUVER, Jan. 21, 2019 /PRNewswire/ – NexGen Energy Ltd. (“NexGen” or the “Company”) (TSX: NXE, NYSE MKT: NXE) is pleased to announce that the largest drill program in the Company’s history focused on optimizing mine development has begun at our 100% owned, Rook I property, in the AthabascaBasin, Saskatchewan. The drill program results will be incorporated into a NI43-101 Bankable Feasibility Study (“FS” or the “Study”), building on the successful outcomes highlighted in the Company’s Pre-Feasibility Study (“PFS”) (see News Release dated November 5, 2018) which demonstrated the Arrow Project to be an exceptional development opportunity for NexGen, Saskatchewan and Canada.

The development optimization program consists of a minimum 125,000 m using 10 diamond drill rigs focusing on three objectives:

Convert High Grade Indicated Mineral Resources to Measured Mineral Resources: Approximately 71,000 m will be drilled at a spacing sufficient to support the conversion of the currently defined high-grade (“HG”) Indicated Resource (currently 256.6 M lbs of U3O8 contained in 2.89 M tonnes grading 4.03% U3O8) to Measured Resource. Measured Mineral Resources represent the highest level of mineral resource estimate, providing a significant amount of technical detail on the FS mine plan, design and economics.
Covert Inferred Mineral Resources to Indicated Mineral Resources: Approximately 54,000 m will be drilled to support the conversion of part of the currently defined Inferred Resource (currently 91.7 M lbs of U3O8 contained in 4.84 M tonnes grading 0.86% U3O8) to an Indicated Resource. Further conversion of Inferred to Indicated Mineral Resources will optimise the usable mineral inventory for the FS mine plan which can only incorporate Indicated or higher classification resources in compliance with the NI 43-101 guidelines. Given the strong continuity of mineralization seen at Arrow, the conversion of Inferred to Indicated resources since delineation drilling commenced has been very efficient and predictable.
Geotechnical and Hydrogeological Characterization: Approximately 12,500 m of the 125,000 m will also incorporate the geotechnical and hydrogeological characterization of the rock mass in the areas of potential mine development and Underground Tailings Management Facility (“UGTMF”). This additional analysis will build upon the significant geotechnical, hydrogeological and metallurgical testing that has been incorporated into the PFS.

The 125,000 m of drilling outlined above will be added to the existing 296,000 mof drill data collected to date by NexGen to form the basis of an FS which will incorporate an updated Mineral Resource Estimate and scheduled for release in H1/2020. The FS will increase design detail to a resolution necessary to support at a minimum a Class 3 cost estimate (AACE International standard). The objectives of the FS are as follows:

Further optimization of the proposed development of the Arrow Deposit with respect to mine design (stope layouts, development, and production schedule) based on only Measured and Indicated mineral resources,
Defining a level of design to support the comprehensive Environmental Assessment applications,
Engaging with construction experts to optimize construction sequencing, utilization of pre-fabrication, offsite module assembly, and identify alternative opportunities to advance project development timelines,
Continuing the advancement of the UGTMF design to optimize tailings density and further reduce tailings volumes enabling the opportunity to minimize the surface footprint of the mine,
Leveraging opportunities for capital cost optimization while increasing confidence in the capital and operating cost estimates,
Integrating innovative but proven mining, milling and environmental technologies and sustainable practices including the evaluation of alternative energy solutions to further increase NexGen’s sustainability commitment.

Drilling program target areas can be found in the figures 1 and 2.

Financial

The Company has cash on hand of approximately ~$110 million.

Leigh Curyer, President and Chief Executive Officer, commented: “This year’s drill program will be the largest in the Company’s history to date, and reportedly, in Canada for a uranium project in 2019. The team has focused considerable effort into the planning of the drill program and technical studies, which leverages our experience in optimizing mine development, processing and elite environmental management practices. With the opening this week of the new Saskatoon project office, which has been designed at a capacity to take NexGen through to reaching its objective of becoming a major producer of uranium on the world stage, it is very exciting times for the NexGen team and Saskatchewan.”

Troy Boisjoli, Vice-President, Operations and Project Development, commented: “The technical characteristics of the Arrow deposit has allowed for rapid growth and increased confidence through each successive drill program. This is an exciting time at NexGen, focussing on continued advancement of the Arrow deposit through the requisite development stages.”

About NexGen

NexGen is a British Columbia corporation with a focus on the acquisition, exploration and development of Canadian uranium projects. NexGen has a highly experienced team of uranium industry professionals with a successful track record in the discovery of uranium deposits and in developing projects through discovery to production. NexGen owns a portfolio of prospective uranium exploration assets in the Athabasca Basin, Saskatchewan, Canada, including a 100% interest in Rook I, location of the Arrow Deposit in February 2014, the Bow discovery in March 2015, the Harpoon discovery in August 2016 and the Arrow South discovery in July 2017. NexGen is the recipient of the PDAC’s 2018 Bill Dennis Award and the 2019 Environmental and Social Responsibility Award.

Technical Disclosure

Split core samples will be taken systematically, and intervals will be submitted to SRC Geoanalytical Laboratories (an SCC ISO/IEC 17025: 2005 Accredited Facility) of Saskatoon for analysis. All samples sent to SRC will be analyzed using ICP-MS for trace elements on partial and total digestions, ICP-OES for major and minor elements on a total digestion, and fusion solution of boron by ICP-OES. Mineralized samples are analyzed for U3O8 by ICP-OES and select samples for gold by fire assay. Assay results will be released when received and after stringent internal QA/QC protocols are passed.

All scientific and technical information in this news release has been prepared by or reviewed and approved by Mr. Troy Boisjoli, Geoscientist Licensee, Vice President – Operations & Project Development for NexGen. Mr. Boisjoli is a qualified person for the purposes of National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”), and has verified the sampling, analytical, and test data underlying the information or opinions contained herein by reviewing original data certificates and monitoring all of the data collection protocols.

For details of the Rook I Project including the quality assurance program and quality control measures applied and key assumptions, parameters and methods used to estimate the Mineral Resource please refer to the technical report entitled “Technical Report on the Preliminary Economic Assessment of the Arrow Deposit, Rook 1 Property, Province of Saskatchewan, Canada” dated effective September 1, 2017 (the “Rook 1 Technical Report”) prepared by Jason J. Cox, P.Eng., David M. Robson, P.Eng., M.B.A., Mark B. Mathisen, C.P.G., David A. Ross M.Sc., P.Geo., Val Coetzee, M.Eng., Pr.Eng., and Mark Wittrup, M.Sc., P.Eng.,P.Geo. each of whom is a “qualified person” under NI 43-101. The Rook I Technical Report is available for review under the Company’s profile on SEDAR at www.sedar.com. A technical report in respect of the PFS will be filed on SEDAR (www.sedar.com) and EDGAR (www.sec.gov/edgar.shtml) within 45 days from the date of the PFS news release (November 5^th, 2018) providing details of the Rook I Project including the quality assurance program and quality control measures applied and key assumptions, parameters and methods used to estimate the Mineral Resource.

U.S. investors are advised that while the terms “indicated resources” and “inferred resources” are recognized and required by Canadian regulations, the U.S. Securities and Exchange Commission does not recognize these terms. U.S. investors are cautioned not to assume that any part or all of the material in these categories will ever be converted into mineral reserves.

SEC Standards

Estimates of mineralization and other technical information included or referenced in this news release have been prepared in accordance with NI 43-101. The definitions of proven and probable mineral reserves used in NI 43-101 differ from the definitions in SEC Industry Guide 7. Under SEC Industry Guide 7 standards, a “final” or “bankable” feasibility study is required to report reserves, the three-year historical average price is used in any reserve or cash flow analysis to designate reserves and the primary environmental analysis or report must be filed with the appropriate governmental authority. As a result, the reserves reported by the Company in accordance with NI 43-101 may not qualify as “reserves” under SEC standards. In addition, the terms “mineral resource”, “measured mineral resource”, “indicated mineral resource” and “inferred mineral resource” are defined in and required to be disclosed by NI 43-101; however, these terms are not defined terms under SEC Industry Guide 7 and normally are not permitted to be used in reports and registration statements filed with the SEC. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Investors are cautioned not to assume that any part or all of the mineral deposits in these categories will ever be converted into reserves. “Inferred mineral resources” have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian securities laws, estimates of inferred mineral resources may not form the basis of feasibility or pre-feasibility studies, except in rare cases. Additionally, disclosure of “contained pounds” in a resource is permitted disclosure under Canadian securities laws; however, the SEC normally only permits issuers to report mineralization that does not constitute “reserves” by SEC standards as in place tonnage and grade without reference to unit measurements. Accordingly, information contained or referenced in this news release containing descriptions of the Company’s mineral deposits may not be comparable to similar information made public by U.S. companies subject to the reporting and disclosure requirements of United Statesfederal securities laws and the rules and regulations thereunder.

Forward-Looking Information

The information contained herein contains “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and “forward-looking information” within the meaning of applicable Canadian securities legislation. “Forward-looking information” includes, but is not limited to, statements with respect to the activities, events or developments that the Company expects or anticipates will or may occur in the future. 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.

Forward-looking information and statements are based on the then current expectations, beliefs, assumptions, estimates and forecasts about NexGen’s business and the industry and markets in which it operates. Forward-looking information and statements are made based upon numerous assumptions, including among others, that the proposed transaction will be completed, the results of planned exploration activities are as anticipated, the price of uranium, the cost of planned exploration activities, that financing will be available if and when needed and on reasonable terms, that third party contractors, equipment, supplies and governmental and other approvals required to conduct NexGen’s planned exploration activities will be available on reasonable terms and in a timely manner and that general business and economic conditions will not change in a material adverse 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 results, performances and achievements of NexGen to differ materially from any projections of results, performances and achievements of NexGen 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 the availability of additional financing, the risk that pending assay results will not confirm previously announced preliminary results, imprecision of mineral resource estimates, the appeal of alternate sources of energy and sustained low uranium prices, aboriginal title and consultation issues, exploration risks, reliance upon key management and other personnel, deficiencies in the Company’s title to its properties, uninsurable risks, failure to manage conflicts of interest, failure to obtain or maintain required permits and licenses, changes in laws, regulations and policy, competition for resources and financing, and other factors discussed or referred to in the Company’s Annual Information Form dated March 31, 2017 under “Risk Factors”.

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.

Cision

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Base Metals Energy Junior Mining Precious Metals Project Generators

PAUL STEPHENS – Robertson Stephens Funds discusses the royalty model; EMX Royalty “Town Hall” live (& replay) webinar, Wed, Jan 16, 4:05 PM EST

Post author By admin
Post date January 15, 2019

Listen to the Wall Street experts ask the questions

david

Join Us: Paul Stephens, co-founder of RS Investments (Robertson Stephens) discusses the royalty model; EMX Royalty Corp. “Town Hall”-style (live & replay) webinar, Wed, Jan 16, 4:05 PM EST

This Wednesday, January 16th at 4:05 PM Eastern (EST) we will be covering the royalty model of resource investing with EMX Royalties and Silicon Valley legendary financier and investor Paul Stephens. The royalty model provides exposure to multiple upside opportunities, while minimizing the impact on a company’s treasury. (Think Wheaton, Franco Nevada, Osisko Gold Royalties and Sandstorm.) David Cole, Pres&CEO of EMX will be presenting.
EMX: website, presentation, stock page (US), stock page (CA), pre-registration link.
To help explain the model before the formal presentation by EMX Royalty, Paul H. Stephens, Stephens Investment Management (19% shareholder of EMX) will be speaking. Paul has been a leading figure in west coast asset management and investment banking for over thirty years. He is the co-founder and Managing Director of RS Investments. RS Investments (formerly Robertson StephensInvestment Management) is a San Francisco-based mutual fund group that managed over $10 billion in assets. (full bio at end of this email.)

Along with a live presentation by management, there will be an expert Q&A panel of Wall Street veterans asking the tough questions you may not have thought to ask. There will also be an opportunity to send in your questions. pre-register here

EMX Royalty Corporation has a long-standing track record of success in exploration discovery, royalty generation, royalty acquisition, and strategic investments. Their diversified, three pronged business approach provides exposure to multiple upside opportunities, while minimizing the impact on EMX’s treasury.

EMX’s business model is designed to efficiently manage the risks inherent to the minerals exploration and mining industry. Key elements and resulting advantages of their unique approach are:

The company organically generate royalties through low cost property acquisition and early-stage exploration to build value, and then develop partnerships with quality companies to advance the projects, with EMX retaining a royalty interest and receiving pre-production payments.
Their organic royalty growth is supplemented by purchases of royalties from other parties, as well as strategic investments.
Cash flow from royalties, advance royalties, and other property payments are supplemented by returns from strategic investments, and provide “self-funding” operating capital for our ongoing business initiatives.
Using this model, they sustainably grow the royalty portfolio, with minimal dilution to our shareholders.

EMX’s royalty and property portfolio spans five continents, and consists of a balanced mix of precious metal, base metal, and other assets.

Now all you have to do is listen…. Click below to pre-register (required):

• Projects & investments on five continents
• Total of over 1.8 million acres of mineral property assets from acquisition & evaluation of >5 million acres over 15 years
• Gold, copper, cobalt, polymetallic, & other interests
• Assets range from royalty properties to early stage exploration projects

• Diversified portfolio with multiple sources of cash flow: ‒ Royalty revenue from producing operations ‒ Sale of assets with retained royalty interests ‒ Pre-production payments from new and ongoing agreements

• Optionality from operators’ investments on EMX’s royalty properties

About Paul H. Stephens, Partner and Chairman

Paul Stephens is a Partner and Chairman of SIM. Paul has been a leading figure in west coast asset management and investment banking for over thirty years. He is the co-founder and Managing Director of RS Investments. RS Investments (formerly Robertson Stephens Investment Management) is a San Francisco-based mutual fund group that managed over $10 billion in assets.
Paul was also a co-founder of Robertson Stephens & Company (“RSCO”) with Sandy Robertson in 1978. While at RSCO, he initially headed up the firm’s research and institutional sales groups, before managing the Robertson Stephens venture capital group from 1984-1990. RSCO grew to become one of the world’s premier boutique investment banks, helping to finance hundreds of Silicon Valley growth companies. RSCO was sold to Bank of America in 1997 and then re-sold to BancBoston in 1998. Paul spearheaded RSCO’s expansion into the asset management business and launched the Orphan Fund in 1990 and the Contrarian Fund in 1993. These funds were part of the foundation of the RSCO asset management business that would later become Robertson Stephens Investment Management.
Paul is a past Chairman and board member of the Haas Business School Advisory Board at the University of California at Berkeley. As an Adjunct Professor of Finance at Haas, Paul taught an investment class for ten years entitled “Investment Styles and Strategies” to second-year MBA students. He has also been an active board member of DUMAC (the Duke Management Company), which manages Duke University’s endowment fund, as well as a director of the U.C. Berkeley Foundation. In 2002, Paul was named a Berkeley Fellow. Paul holds both Bachelor’s (1967) and Master’s (1969) degrees in Business Administration from the Haas School of Business at U.C. Berkeley.

We hope you’ll make the webinar.

click here to pre-register (required): https://attendee.gotowebinar.com/register/7515864959936092161?source=Mail+Chimp

Base Metals Energy

URANIUM PARTICIPATION Corporation Reports Estimated Net Asset Value at December 31, 2018

Post author By admin
Post date January 9, 2019

TSX Trading symbol: U

TORONTO , Jan. 8, 2019 /CNW/ – Uranium Participation Corporation (“UPC”) (TSX:U) reports its estimated net asset value at December 31, 2018 was CAD$691.5 million or CAD$5.01 per share. As at December 31, 2018 , UPC’s uranium investment portfolio consisted of the following: View PDF Version.


(in thousands of Canadian dollars, except quantity amounts)	Quantity		Fair Value
Investments in Uranium:
Uranium oxide in concentrates (“U₃O₈“)	14,159,354 lbs	$	550,511
Uranium hexafluoride (“UF₆“)	1,117,230 KgU	$	134,123
		$	684,634
U₃O₈ fair value¹ per pound:
– In Canadian dollars¹		$	38.88
– In United States dollars		$	28.50
UF₆ fair value¹ per KgU:
– In Canadian dollars¹		$	120.05
– In United States dollars		$	88.00

¹	Fair values are month-end spot prices published by Ux Consulting Company, LLC, translated at the Bank of Canada’s month-end daily exchange rate of $1.3642.

On the last trading day of December 2018 , the common shares of UPC closed on the TSX at a value of CAD$4.48 , which represents a 10.58% discount to the net asset value of CAD$5.01 per share.

About Uranium Participation Corporation

Uranium Participation Corporation is a company that invests substantially all of its assets in uranium oxide in concentrates (“U₃O₈“) and uranium hexafluoride (“UF₆“) (collectively “uranium”), with the primary investment objective of achieving appreciation in the value of its uranium holdings through increases in the uranium price. UPC provides investors with a unique opportunity to gain exposure to the price of uranium without the resource or project risk associated with investing in a traditional mining company. Additional information about Uranium Participation Corporation is available on SEDAR at www.sedar.com and on UPC’s website at www.uraniumparticipation.com.

Caution Regarding Forward-Looking Information

This press release contains certain forward-looking statements and forward-looking information that are based on UPC’s current internal expectations, estimates, projections, assumptions and beliefs. Forward-looking statements generally can be identified by the use of forward-looking terminology such as “may”, “will”, “expect”, “intent”, “estimate”, “anticipate”, “plan”, “should”, “believe” or “continue” or the negative thereof or variations thereon or similar terminology and include statements with respect to UPC’s investment objectives.

By their very nature, forward-looking statements involve numerous factors, assumptions and estimates. A variety of factors, many of which are beyond the control of UPC, may cause actual results to differ materially from the expectations expressed in the forward-looking statement. These factors include, but are not limited to, changes in commodity prices and foreign exchange as well as the risk that UPC will not obtain the anticipated benefits of its agreements with third parties. For a description of the principal risks of UPC, see “Risk Factors” in UPC’s Annual Information Form dated May 14, 2018 for the year ended February 28, 2018 , a copy of which is available at www.sedar.com.

These and other factors should be considered carefully, and readers are cautioned not to place undue reliance on these forward-looking statements. Although management reviews the reasonableness of its assumptions and estimates, unusual and unanticipated events may occur which render them inaccurate. Under such circumstances, future performance may differ materially from those expressed or implied by the forward-looking statements. Except where required under applicable securities legislation, UPC does not undertake to update any forward-looking information statement.

SOURCE Uranium Participation Corporation

View original content: http://www.newswire.ca/en/releases/archive/January2019/08/c3401.html

Base Metals Energy

Fission 3 Announces Closing of Private Placement Financing

Post author By admin
Post date December 21, 2018

TSX VENTURE SYMBOL: FUU

/NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES/

KELOWNA, BC , Dec. 21, 2018 /CNW/ – Fission 3.0 Corp. (“Fission 3” or the “Company“) is pleased to announce that it has closed its previously announced non-brokered private placement (the “Private Placement“) for total gross proceeds of $1,500,201 . The Company issued 500,000 units (“Units“) at a price of C$0.20 per Unit for gross proceeds of C$100,000 and 6,364,550 flow-through shares (“FT Shares“) at a price of C$0.22 per FT Share for gross proceeds of C$1,400,201 . Each Unit consists of one common share (“Common Share“) and one common share purchase warrant (“Warrant“).

Fission 3.0 Corp. (CNW Group/Fission 3.0 Corp.)

Each Warrant is exercisable for an additional Common Share until three years from the date of issuance at an exercise price of C$0.25 . If, commencing four months and one day after the date of issuance, the volume weighted average trading price of the Company’s Common Shares on the TSX Venture Exchange is higher than C$0.30 for 20 consecutive trading days then, on the 20th consecutive trading day of any such period (the “Acceleration Trigger Date“), the expiry date of the Warrants may be accelerated by the Company in its absolute discretion to the 30th calendar day after the Acceleration Trigger Date by the issuance of a news release announcing such acceleration within three trading days of the Acceleration Trigger Date.

The Common Shares, Warrants, common shares issuable on exercise of the Warrants and FT Shares will be subject to resale restrictions for a period of four months from issuance.

In connection with the closing of the Private Placement, Red Cloud Klondike Strike Inc. (the “Finder“) received an aggregate cash commission of $98,014 , representing commissions of 7% of the gross proceeds raised by the Finder. The Company also granted the Finder 445,518 warrants (the “Finder’s Warrants“), representing 7.0% of the aggregated number of FT Shares sourced by the Finder. Each Finder’s Warrant is exercisable for one common share at a price of C$0.22 for a period of 36 months.

The gross proceeds of the offering of FT shares will be used to incur Canadian exploration expenses, which will be renounced in favour of the purchasers for the 2018 taxation year. The net proceeds from the sale of the Units will be used to advance development of the Company’s properties and for general working capital.

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

“Dev Randhawa”
_________________

Dev Randhawa, CEO
Fission 3.0 Corp.

Cautionary Statement: Fission 3.0 Corp.

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 3.0 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.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States of America . The securities have not been and will not be registered under the United States Securities Act of 1933 (the “1933 Act”) or any state securities laws and may not be offered or sold within the United States unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration is available.

SOURCE Fission 3.0 Corp.

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Energy

DNI METALS Announces Annual Meeting Results

Post author By admin
Post date December 21, 2018

TORONTO, ON / ACCESSWIRE / December 21, 2018 / DNI Metals Inc. (CSE: DNI; OTC PINK: DNMKF) (“DNI” or the “Company”) is pleased to announce the results of its annual meeting held December 20, 2018.

The following matters of business were conducted:

1. The presentation of the financial statements.

2. The election of 3 directors.

3. The re-appointment of UHY McGovern Hurley LLP as the Corporation’s auditors.

4. The change of the Corporation’s financial year end from March 31 to December 31.

5. The special resolution authorizing the continuance of the Corporation from the Province of Quebec into the Federal jurisdiction of Canada in accordance with the Business Corporations Act (Quebec) and the Canada Business Corporations Act, as more particularly described in the Information Circular for the Meeting.

The scrutineers provided the report on attendance, which indicated that there were present at the meeting, in person or represented by proxy, 113 shareholders holding 25,463,889 common shares of the Corporation, or 21.1% of the common shares outstanding.

Voting Results

Election of Directors	Outcome	Votes For	Votes Withheld
Daniel J. Weir	Carried	10,615,876 98.9%	117,851 1.1%
John A. Carter	Carried	10,657,592 99.21%	76,135 0.71%
Keith Minty	Carried	10,702,592 99.71%	31,135 0.29%

Appointment of Auditors	Carried	24,771,130 99.23%	192,134 0.77%
Change of Financial year end to December 31	Carried	10,716,974 99.84%	16,753 0.16%
Continuation of DNI from a Quebec Corporation under the QBCA to a Federal Corporation under the CBCA	Carried	10,619,586 98.94%	114,141 1.06%

The information Circular specified that Daniel J. Weir personally owns or exercise’s control over 3,050,000 common shares, however the actual numbers are 3,456,200 common shares and his wife Nicolle Weir owns 576,000 common shares, as disclosed and publicly available on Sedi. This information was also recorded in the minutes of the Annual Meeting.

DNI – CSE
DMNKF – OTC

Issued: 122,098,403

For further information, contact:

DNI Metals Inc. – Dan Weir, CEO 416-595-1195

DanWeir@dnimetals.com

Also visit www.dnimetals.com

Forward-looking Statements

This press release contains forward-looking statements, including statements that relate to, among other things, the following: (i) the geological characteristics of the projects; (ii) the potential to discover additional mineralization and to extend the area of mineralization; (iii) the potential to raise additional financing; and (iv) the potential to expand and upgrade the resource estimate of the projects. Forward-looking information is subject to the risks, uncertainties and other important factors that could cause the Company’s actual performance to differ materially from that expressed in or implied by such statements. Such factors include, but are not limited to volatility and sensitivity to market metal prices, impact of change in foreign exchange rates, interest rates, imprecision in resource estimates, imprecision in opinions on geology, environmental risks including increased regulatory burdens, unexpected geological conditions, adverse mining conditions, changes in government regulations and policies, including laws and policies; and failure to obtain necessary permits and approvals from government authorities, and other development and operating risks, and can generally be identified by the use of words such as “may”, “will”, “could”, “should”, “would”, “likely”, “possible”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “plan”, “objective”, “hope” and “continue” (or the negative thereof) and words and expressions of similar import. Although DNI believes that the expectations reflected in such forward-looking statements are reasonable, such statements involve risks and uncertainties, and undue reliance should not be placed on such statements. Certain material factors or assumptions are applied in making forward-looking statements, and actual results may differ materially from those expressed or implied in such statements. Additional information about material factors that could cause actual results to differ materially from expectations and about material factors or assumptions applied in making forward-looking statements may be found in the Company’s most recent annual and interim Management’s Discussion and Analysis under “Risk and Uncertainties” as well as in other public disclosure documents filed with Canadian securities regulatory authorities. Forward-looking statements are provided for the purpose of providing information about management’s current expectations and plans relating to the future. Readers are cautioned that such information may not be appropriate for other purposes. The Company does not undertake any obligation to update publicly or to revise any of the forward-looking statements contained in this document, whether as a result of new information, future events or otherwise, except as required by law.

SOURCE: DNI Metals Inc.

Base Metals Energy

NEXGEN Announces Filing of NI 43-101 Technical Report for the Pre-Feasibility Study on the Arrow Deposit, Rook I Project

Post author By admin
Post date December 21, 2018

VANCOUVER, Dec. 20, 2018 /PRNewswire/ – NexGen Energy Ltd. (“NexGen” or the “Company”) (TSX:NXE, NYSE:NXE) is pleased to announce that it has filed a technical report on the Arrow Deposit, Rook I Project (the “Technical Report”) pursuant to National Instrument 43-101 “Standards of Disclosure for Mineral Projects” (“NI 43-101”). The Technical Report supports the disclosure made by the Company in its November 5, 2018news release announcing the results of the maiden pre-feasibility study for the Arrow Deposit located on the Company’s 100% owned, Rook I Property.

The Technical Report, bearing an effective date of November 5, 2018, is entitled: “Technical Report on the Pre-feasibility Study of the Arrow Deposit, Rook I Property, Saskatchewan, Canada” and was prepared by Mr. Paul O’Hara, P.Eng. of Wood., Mr. Jason J. Cox, P.Eng. of RPA, Mr. David M. Robson, P.Eng., M.B.A of RPA, and Mr. Mark B. Mathisen, C.P.G. of RPA, each of whom is a “qualified person” for the purposes of NI 43-101.

The technical report is available on the Company’s website at www.nexgenenergy.ca and is available under its profile on SEDAR at www.sedar.com and on EDGAR at www.sec.gov/edgar.html.

About NexGen

Forward-Looking Information

Cision

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Base Metals Energy

NEVADA COPPER CORP. Construction Update

Post author By admin
Post date December 20, 2018

Pumpkin Hollow Property Update

It’s December and we continue to see strong progress at Pumpkin Hollow. Both underground and surface works are proceeding according to schedule and, as you can see from the first photo below, the site is steadily transforming. For comparison, check out our October update. Below are some additional photos and comments on some of our recent activity.

East Main Shaft

We now have a 2-boom jumbo and rock bolter on site (both Epiroc) and an R1600 LHD (CAT). We have completed the 2850 shaft station, have sunk the shaft down to the 2770 shaft station level and are now developing the 2770 shaft station. This is an important station as it will house our material handling system. This system will be responsible for hoisting ore out of the mine and, during development, it will be our main haulage from the 2850 level via a drop-raise. This will allow us to handle the waste from our 2850 lateral development.

East-North Ventilation Shaft

We have completed the sub-collar (that was in progress during our last update) and have commenced pre-sink activity. The shaft has now been sunk 100ft down from the sub-collar. In the photos you’ll see an impressive 220-ton crane (in red) which has been facilitating our rapid progress on the East-North shaft work.

We completed the foundations for the winches and main hoist in November and have also installed the winches and hoist on those foundations. We are now working on the foundations for head frame and we expect delivery of the Galloway in the coming month.

Surface Works

Preliminary work for the surface facilities and processing plant continues to move forward briskly. We have completed the earth works for the low-grade/high-grade stockpile area along with the earth works for the processing plant. We have also made significant progress on the earth works for the support buildings and we are currently re-routing the 25kv power line to its final location.

Additional Information

For further information please visit the Nevada Copper corporate website (www.nevadacopper.com) and visit our Pumpkin Hollow virtual tour.

NEVADA COPPER CORP.

Further information call:

Rich Matthews
VP Marketing and Investor Relations
Nevada Copper Corp
rmatthews@nevadacopper.com
1 (877) 648-8266 – Work | (604) 355-7179 – Mobile
www.nevadacopper.com

Energy Exclusive Interviews

DNI METALS Progress Reported with Graphite, Vanadium Projects on Two Continents

Post author By admin
Post date December 20, 2018

Dan Weir the Executive Chairman of DNI Metals sits down with Maurice Jackson of Proven and Probable to discuss a number of topics for current and prospective shareholders regarding environmental permit, Resource Estimate on the flagship Vohitsara, LOI on Alberta Black Shales Deposit, and a Financing Opportunity.

VIDEO

AUDIO/MP3

https://soundcloud.com/proven-and-probable/dni-metals-2

TRANSCRIPT

Original Source: http://www.streetwisereports.com/article/2018/12/19/progress-reported-with-graphite-vanadium-projects-on-two-continents.html

Progress Reported with Graphite, Vanadium Projects on Two Continents
Contributed Opinion

Source: Maurice Jackson for Streetwise Reports (12/19/18)

Dan Weir, executive chairman of DNI Metals, speaks with Maurice Jackson of Proven and Probable about the progress his company has made with its graphite project in Madagascar, as well as developments with its Alberta project.

Maurice Jackson: Joining us for a conversation is Dan Weir, the executive chairman of DNI Metals Inc. (DNI:CSE; DMNKF:OTC), which is establishing itself to become one of the world’s leading graphite producers. Mr. Weir, welcome to the show, sir.
Dan Weir: Hi, Maurice, and greetings from Madagascar.
Maurice Jackson: Glad to have you back on the program. We brought you on today to provide us with an update on a number of important topics for current and prospective shareholders. But before we delve into today’s interview, for first time listeners, who is DNI Metals, and what is the thesis you’re attempting to prove?
Dan Weir: DNI Metals is a public company. It’s been around for about 35 years. DNI had a number of different projects. It first started out as a nickel company. It used to be called Dumont Nickel Incorporated, and it was shortened to DNI Metals. And it had, at one point, a gold asset in Utah. We still own a royalty on that gold asset. And then the previous management was focusing on a very large polymetallic deposit up in Alberta, which I think we’ll talk about a little bit later. When I took over in late 2014, we decided to focus the company on graphite in Madagascar. Our projects in Madagascar are the company’s main focus, and that focus is to get our projects in Madagascar into production.
Maurice Jackson: Speaking of Madagascar, in our last interview, you referenced your commitment to getting the environmental permit and a purposed timeline. What can you share with us regarding the environmental permit?

Dan Weir: What I’ve tried to do over the last two months is put out press releases to the market and discuss how we’ve been moving forward with the environmental permits. In one of our press releases in October, we mentioned that we had terminated our previous team. We brought a whole new team in to complete the work. I’ve been spending a lot of time in Madagascar to make sure that that is all happening. And you can see from a lot of press releases we have been making great headway. Some of the documents weren’t filed properly with the government agency, the Office National pour l’Environnement Madagascar, also called the ONE. And we have those documents filed. We have to do two site visits, a technical site visit and then a public consultation visit.
On December 5 and 6 when I was here, we did the technical visits. They went very well. And in mid-January we will do the public consultations, three public consultations, one for the district and then one for Marofody and Vohitsara, respectively. Thereafter, DNI Metals will have completed everything to receive the environmental permit. We are very excited that we’ve been moving forward. So it’s been great, Maurice.
Maurice Jackson: Speaking of the Vohitsara, can you provide us with an update on the resource estimate?
Dan Weir: Yes. We have hired Micon, a company from Toronto. It is very well known around the world for its expertise in resource studies. In the first week in January, Micon will be coming to visit our flagship project, the Vohitsara in Madagascar, to conduct a site review. DNI Metals believes that we can have the main resource for the Vohitsara property completed by late January, early February. We are very excited about the timing because around the same time we should be receive the environmental permits, so very exciting times coming for DNI Metals shareholders.
Maurice Jackson: Moving onto Canada, Dan, you referenced the Alberta Black Shells Deposit, which also a part of the DNI project portfolio. It’s been overshadowed with your projects in Madagascar. Tell us a little bit more about this deposit and why is the market is specifically excited about the deposit there?
Dan Weir: We had put the project on hold. It was a really a non-core asset. Previous management spent over $6.7 million. There are six outcroppings or six mineralized zones that we know of stretching well over 30 to 50 kilometers right near the tar sands or the oil sands in northern Alberta in Canada. It’s what they call a polymetallic. So all sorts of different minerals are in the there, rare earths, uranium, cobalt, nickel, zinc. But what’s been really exciting lately is the fact that it has a lot of vanadium in it and cobalt and lithium. As the world moves forward with battery metals, those are key components, as well as the graphite being a key component of a lithium-ion battery.
So we’re very excited about all of that. We’ve had a number of people come to us who are interested in doing something with that project. Again, I want to emphasize this, that we’re focused on graphite. We will continue to focus on graphite. But we have done a great deal where a group is going to earn into our property in Alberta. It is going pay us a cash component and will spend a minimum of $1 million to earn into 50% of the project. At that point DNI will have 49% of the project, and we will have a carried interest to a full bankable feasibility study.
So, in essence, another group is going to manage the project. It will do all the work on the project. I will help, but really it won’t take up any of my time, and it allows me to focus on Madagascar and the graphite. But it allows DNI to have a 49% interest in a very big vanadium, cobalt, lithium, rare earth-type deposits. That has some potential. So we’re very excited. Again, we get a carried interest all the way to the bankable feasibility study. And at that point we can decide whether or not we want to put up the capital to build the processing plant or get diluted down to a 2% royalty. We’ll see at that point.
Maurice Jackson: Dan, before we leave the deposit there, I want to discuss vanadium a little bit more in detail here. Most investors know very little about the metal. Can you share with us where the demand will be coming from regarding vanadium?
Dan Weir: Some investors may not have heard about a vanadium redox battery. It’s very different from a lithium-ion battery. Vanadium redox tend to be used for very, very large storage of energy. So if you had a wind farm or if you had a solar farm and you wanted to store the energy, a vanadium redox battery would be a very good battery for that. It’s not a good battery to use in a car, a cell phone, or your laptop. That’s where a lithium-ion battery has its use. These are big stationary-type batteries. But what’s really driven the price in vanadium lately, and remember when we did the feasibility studies on the Alberta property, vanadium was at around $5.80. It’s now well over $22 a pound.
The primary reason for the price increase in vanadium is that China has just put in new construction laws where a higher percentage of rebar, which is used to strengthen concrete, has to have vanadium in it. That is for two reasons, strengthening the rebar, and helping in the corrosion factors of the rebar. Therefore demand is going through the roof for vanadium.
Maurice Jackson: Switching gears. Dan, DNI will be conducting a financing. Can you share the details with us?
Dan Weir: Yes. As DNI Metals completes our environmental licenses/permits, and as we move forward on the resource study, our ultimate goal is to complete those, we would do a much larger financing to build the pilot plant, buy the machinery needed. And by machinery, I mean the bulldozers and excavators and additional equipment. But in the meantime, you will see also from our press release, we’re negotiating with some of the locals to buy some of their land. It’ll actually likely be more of a 99-year lease, which we can renew for another 99 years. Again, we’re negotiating all of that. To have some money in the bank right now to be able to use what I’m negotiating will help us.
So it’s nice right now to have some money in the bank. It lets me continue my work, what I need to do here in Madagascar, and sets us up for the next financing. Hopefully in and around some time in February or March that’ll be the time when we want to do a much larger financing to build everything. So we decided to come up with a convertible debenture where investors who buy the debenture, if they hold on to the debenture for one year, there’s a one-year term on the debenture, we’ll pay them a 12% coupon. At that point you can convert the debenture into stock at 8 cents (CAD). You get a unit on the conversion, and all the details are in our press release. Or you can take the cash. Your choice at the end of one year. So this is really a short-term type loan to the company as we develop some of the things we need to do over the coming months.
Maurice Jackson: Dan, to summarize what we’ve covered today, what is the next unanswered question for DNI Metals? When should we expect results, and what determines success?
Dan Weir: As you’ve seen from a lot of our press releases recently, I have really tried to be open to the market and give exact details of what we’re doing and how we’re doing things for the environmental licenses, for the resource report, and now for potentially developing some of the Alberta projects. So there’s not a lot else out here right now that hasn’t been made public. We’re working our butts off to get things done in Madagascar. I’m staying on top of it and moving it all forward.
Maurice Jackson: What did I forget to ask?
Dan Weir: I don’t think you forgot to ask anything. Maurice. You’ve been to the property twice. You’ve seen how exciting it is. I’m really pushing to make sure that we get this into production and get there as soon as possible. That’s my mandate, and that’s what I’m doing.
Maurice Jackson: Dan, for someone who wants to get more information regarding DNI Metals, please share the contact details.
Dan Weir: The best thing to do is email me, because I will be going back and forth between Toronto and Madagascar. It’s DanWeir@DNIMetals.com and the website is www.DNIMetals.com.
Maurice Jackson: And as a reminder, DNI Metals trades on the CSE: DNI. And on the OTC: DMNKF. DNI Metals is a sponsor of Proven and Probable, and we are proud shareholders for the virtues conveyed in today’s interview. And last but not least, please visit our website www.provenandprobable.com where we interview the most respected names in the natural resource space. You may reach us at contact@provenandprobable.com.
Dan Weir of DNI Metals, thank you for joining us today on Proven and Probable.
Maurice Jackson is the founder of Proven and Probable, a site that aims to enrich its subscribers through education in precious metals and junior mining companies that will enrich the world.

1) Dan Weir: I, or members of my immediate household or family, own shares of the following companies mentioned in this article: DNI Metals. I personally am, or members of my immediate household or family are, paid by the following companies mentioned in this article: DNI Metals.
2) Maurice Jackson: I, or members of my immediate household or family, own shares of the following companies mentioned in this article: DNI Metals. I personally am, or members of my immediate household or family are, paid by the following companies mentioned in this article: None. My company has a financial relationship with the following companies mentioned in this article: DNI Metals is a sponsor of Proven and Probable. Proven and Probable disclosures are listed below.
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Energy

DNI Metals – Signs LOI to further develop its Vanadium / Polymetallic Alberta Black Shales deposit

Post author By admin
Post date December 18, 2018

TORONTO, ONTARIO / ACCESSWIRE / December 18, 2018 / DNI Metals Inc. (DNI: CSE; DNMKF: OTC) (“DNI” or the “Company”)

DNI’s focus is Graphite in Madagascar, but due to the increase in certain battery metals pricing including the value of Vanadium, V2O5, from $5.89*per pound, in 2014, to over U$27.50 the increase of Cobalt, Co, from U$14.38* per pound, in 2013, to over U$25.06, the increase in Lithium, Li₂CO₃, from U$ 2.82* per pound to over U$30.00, DNI Metals Inc, is pleased to announce that a number of parties have shown renewed interest in its Black Shales Polymetallic deposit in Alberta.

Note: All the mineral prices have changed, the $Can/US exchange rate has changed, and input costs may have changed .*Prices as well used in DNI’s resource report dated August 27, 2013.

Dan Weir, CEO, commented, “I want to emphasize that DNI is focused on developing its Graphite deposits in Madagascar. The previous management team and board of DNI did an amazing job, developing the Alberta Black Shales deposits. Over $6.7 million was spent on developing the deposits. The new team and I were treating the Black shales as a non-core asset. It is great to see the renewed interest in the project, and the worldwide demand for Vanadium.”

Highlights of DNI’s Vanadium and Polymetallic Resource in Alberta.

Several studies on the resources and economic significance of the deposits have been completed and a summary of selected results is presented below. Further details can be found on SEDAR”

Vanadium – Buckton South- Inferred Resource – Lower Portion – Second White Speckled Shale Formation
Vanadium – Buckton – Inferred Resource – Lower Portion – in Second White Speckled Shale Formation
Six Mineralized zones
DNI’s Polymetallic Deposits – Battery and Electric car Metals

Letter of Intent

DNI has signed a Letter of Intent (“LOI”) granting a private company (“Privateco”) an option to earn up to a 51% interest in DNI’s Alberta Black Shales Deposit. The LOI is generally non- binding, except for matters related to, among others, exclusive dealing and confidentiality.

DNI will grant to Privateco the option to earn an initial 51% interest in the Black Shales Property as follows:

upon execution of the LOI, Privateco is paying ONE HUNDRED THOUSAND dollars (Cdn$100,000) to DNI;
on or before the date which is the earlier of 6 months from the date of the Definitive Agreement or 15 days after the date that Privateco completes an RTO/IPO transaction, Privateco would pay an additional ONE HUNDRED FIFTY THOUSAND dollars (Cdn$150,000) to DNI; and
by incurring exploration and development expenditures on the Property of at least ONE MILLION dollars (Cdn$1,000,000) on or before March 31, 2021.

Privateco is controlled by Jim Atkinson in trust and without personal liability for a corporation to be incorporated. This is an arm’s length transaction.

Dan Weir, CEO, commented, “Completing a deal with Privateco, will allow further development of its Vanadium / polymetallic assets, without sacrificing its Graphite Assets. We look forward to working with Privateco’ s professional team.”

DNI has also received interest from a First Nation group to purchase one claim of its eight claims of the Alberta properties and make the area into a provincial park. This could possibly include the area where DNI has its indicated resources, the Buckton zone.

Note: DNI is aware of six mineralization zones, 3 that have been drilled, and that the 3 stretch over 30 kms apart. The 6 form an even bigger area.

Black Shales – Vanadium

DNI Metals owns a Polymetallic black shales deposit in Alberta.

Mineral resources are hosted in two near-surface stacked black shale horizons which are mineralized with recoverable Mo-Ni-U-V-Zn-Co-Cu-Li-REEs-Y-Th-Sc and are partly exposed on surface. Six mineralized systems, or zones, have been identified on DNI’s Property in northeast Alberta.

Two zones, the Buckton and the Buckton South zones have inferred resources and the Buckton has in addition indicated resources.

Asphalt Mineralized Zone. Three holes were drilled over the Asphalt Mineralized Zone, in 2011. It is located approximately 30 kilometres to the south of the Buckton Mineralized Zone.

Buckton South – March 1, 2013 Technical Report

The Maiden Resource Estimate for the Buckton South Zone, SBH Property Northeast Alberta prepared by APEX Geoscience Ltd. classified an inferred resource consisting of 548 million short tons (497 million metric tonnes) of mineralized black shale extending over 3.3 square kilometres beneath less than 75m of overburden cover. This resource is hosted in the Labiche Formation and underlying Second White Speckled Shale Formation, which are two flat-lying Formations that are stacked to comprise a continuous thick zone of mineralized shale. The inferred resource is mineralized with recoverable Molybdenum (Mo), Nickel (Ni), Uranium (U), Vanadium (V), Zinc (Zn), Copper (Cu), Cobalt (Co), Lithium (Li), Scandium (Sc), Thorium (Th) and Rare Earth Elements Lanthanum (La), Cerium (Ce), Praseodymium (Pr), Neodymium (Nd), Samarium (Sm), Europium (Eu), Gadolinium (Gd), Terbium (Tb), Dysprosium (Dy) and Yttrium (Y). The Resource Study estimates that the maiden inferred resource is overlain by 122 million short tons (110 million metric tonnes) of glacial till overburden cover.

Buckton – September 9, 2013 Technical Report

The Updated and Expanded Resource Estimate for the Buckton Zone SBH Property Northeast Alberta, prepared by APEX Geoscience Ltd. expanded the inferred resource at the Buckton Zone from 3.5 billion short tons to 4.9 billion short tons, in addition to upgrading a portion of it to the indicated resource class by delineating a 300 million short ton indicated mineral resource. The inferred and indicated resources together extend over 21.9 square kilometres (approximately a 3kmx8km area), 20.4 square kilometres of which represents the aerial extent of the inferred resource.

Asphalt Mineralized Zone – Exploration Target

Three holes were drilled over the Asphalt Mineralized Zone*, located approximately 30 kilometres to the south of the Buckton Mineralized Zone*. A number of additional planned drill holes were deferred, including holes intended to upgrade a portion of the Asphalt Mineralized Zone* (previously named the Asphalt Potential Mineral Deposit*) into an inferred resource, and holes intended to verify projected extensions of the Zone* which is open in three directions.

As outlined in the SBH Technical Report, the Asphalt Potential Mineral Deposit* holds potential for hosting 109-132 million short tons of polymetallic mineralization extending over 4.5 square kilometers and is open in three directions. The Asphalt Potential Mineral Deposit* was recently renamed as the Asphalt Mineralized Zone* to harmonize nomenclature with Jun30/2011 amendments to NI-43-101. Although based on drilling and nearby outcrop exposures, the Asphalt Mineralized Zone*, as better outlined in the SBH Technical Report, is a target for further ongoing exploration, it is conceptual in nature as there has been insufficient drilling conducted over the Zone* to define a mineral resource, and it is uncertain whether further drilling will define a mineral resource over the Zone*.

DNI’s current drilling reinforces geological extrapolations which suggest good continuity of mineralization within the Asphalt Mineralized Zone*.

Details of the drilling completed over the Asphalt Mineralized Zone* (holes 11AS01-11AS03) are tabulated below, showing analytical results, as well as comparative grades from adjacent historic holes 7AS01 and 7AS02.

Hole	Depth	Zone Width** (m)		Weighted Average Grade (ppm) ***									Specific
#	(m)	From-To	Width	Mo	Ni	U	V	Zn	Cu	Co	Ag	Li	Gravity
11AS01	51.0	26.8-37.9	11.1	116	203	47	786	352	88	30	1.0	75	2.38
11AS02	106.5	95.5-106.5	11.0	65	137	30	682	281	89	23	0.9	85	2.48
11AS03	32.5	Hole Lost in overburden in bad ground @ 32.5m depth
7AS01	76.3	7.1-18.5	11.4	73	144	47	690	376	89	20	0.3	na	na
historic
7AS02	89.8	21.6-33.2	11.4	63	122	31	664	282	89	20	0.3	na	na
historic

Hole	Depth	Zone Width** (m)		Weighted Average Grade (lb/st) ***
#	(m)	From-To	Width	Mo	Ni	U	V	Zn	Cu	Co	Li
				[MoO3]		[U3O8]	[V2O5]
11AS01	51.0	26.8-37.9	11.1	0.23	0.41	0.09	1.57	0.70	0.18	0.06	0.15
				[0.35]		[0.11]	[2.80]
11AS02	106.5	95.5-106.5	11.0	0.13	0.27	0.06	1.36	0.56	0.18	0.05	0.17
				[0.20]		[0.07]	[2.43]
11AS03	32.5	Hole Lost in overburden in bad ground @ 32.5m depth
7AS01	76.3	7.1-18.5	11.4	0.15	0.29	0.09	1.38	0.75	0.18	0.04	na
historic				[0.22]		[0.11]	[2.46]
7AS02	89.8	21.6-33.2	11.4	0.13	0.24	0.06	1.33	0.56	0.18	0.04	na
historic				[0.19]		[0.07]	[2.37]

Note: See notes attached to information tabulated above for the Buckton Mineralized Zone*.

The drilling over the Asphalt Mineralized Zone* serves to confirm historic drilling results. The results reiterate uniformity of grades between the Asphalt and Buckton Mineralized Zones* which are located some 30km apart, and continuity of bulk average grades over distances ranging 300m-760m between holes.

In addition, the recent drill results indicate that tonnages previously estimated for the Asphalt Mineralized Zone* in the SBH Technical Report, relying on historic information, are understated. While an estimated specific gravity of 2.1, per historic work records, was relied upon by the SBH Technical Report to estimate potential tonnages which might be hosted in the Asphalt Mineralized Zone*, specific gravity of the Speckled Shale as measured from the above drill core samples averages approximately 2.4 and, accordingly, revises potential tonnages estimated for the Asphalt Mineralized Zone* from 109-132 million short tons of polymetallic mineralization to 125-151 million short tons. The above specific gravity figures are consistent with results from surface sampling completed by DNI during the past two years.

NI 43-101 Disclosure

The information in this press release was taken from previous press releases and technical reports filed on Sedar between the years 2010-2014.

In 2013, the technical information had been prepared in accordance with Canadian regulatory requirements by, or under the supervision of, the following independent Qualified Persons: Mr. Eugene Puritch P.Eng. (per P&E Mining Consultants Inc.), Mr. Michael Dufresne P.Geol. (per APEX Geoscience Ltd.) and Mr. Bruce Cron P.Eng. (per Cron Metallurgical Ltd.) DNI’s previous Qualified Person in respect of its Alberta polymetallic black shale project is Mr. Shahé F.Sabag P.Geo., former President and CEO of DNI.

James Atkinson P.Geo, and Qualified person, has reviewed and approved the information contained in this press release. The reports prepared by the previous consultants were completed by competent, Qualified Persons and the present QP believes the information to be accurate.

Mineral resources are not mineral reserves and do not have demonstrated economic viability. There is no guarantee that all or any part of the mineral resource reported herein will be converted into a mineral reserve. An ‘Inferred Mineral Resource’ is that part of a Mineral Resource for which quantity and grade or quality can be estimated on the basis of geological evidence and limited sampling and reasonably assumed, but not verified, geological and grade continuity. The estimate is based on limited information and sampling gathered through appropriate techniques from locations such as outcrops, trenches, pits, workings and drill holes. The metal recoveries reported represent preliminary mineral recovery testing results collated from the collective bench scale laboratory testwork completed by DNI to date and may not reflect actual process recoverability that might be achieved in a mineral production operation, all of which is the subject of ongoing studies.

DNI – CSE

DMNKF – OTC

Issued: 122,098,403

For further information, contact:

DNI Metals Inc. – Dan Weir, CEO 416-595-1195

DanWeir@dnimetals.com

Also visit www.dnimetals.com

Forward-looking Statements

SOURCE: DNI Metals Inc.

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