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Durango Reports Gold and Silver in Granite at East Barry

 

Vancouver, BC – TheNewswire – July 14, 2021 – Durango Resources Inc. (TSXV:DGO) (Frankfurt-86A1) (OTC:ATOXF), (the “Company” or “Durango”)…

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Vancouver, BC - TheNewswire - July 14, 2021 – Durango Resources Inc. (TSXV:DGO) (Frankfurt-86A1) (OTC:ATOXF), (the “Company” or “Durango”) announces that the Company has received its assay results for the East Barry Property orientation drill program completed earlier this year and anomalous gold and silver have been discovered in a large granitic pluton.

 

The East Barry Property is located south of Windfall Lake and adjoins both Osisko Mining Inc. (TSX-OSK) and Bonterra Resources Inc. (TSX-BTR) in the Abitibi Greenstone belt which to date has produced over 200M ounces of gold. Durango wholly owns the 7,740-hectare East Barry Property which runs parallel to its wholly owned Trove Property at Windfall Lake, Québec. The East Barry Property hosts a crosscutting fault system striking towards Windfall Lake lending the project great discovery potential.

 

The purpose of the initial East Barry drill campaign was to gain an understanding of the geology in the area and to identify the structure, dip, and fertility of the rock. The outcrop on the East Barry Property is limited and virtually no historical exploration has occurred on the property prior to the recent work completed by Durango. To date, knowledge of the area has been based solely on the geophysical surveys and till sampling completed by Durango.  Previous till surveys identified a gold trend of up to 10 km with gold assays reaching up to 2.19 g/t Au (Fig. 1). Durango’s exploratory drill holes were conducted as an initial step to help identify a prospective target for the source of the gold in the till, given the limited outcrop at surface.


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Figure 1. Pristine gold grains in till samples and diamond drill hole location

  

There were three HQ drill holes completed on the East Barry Property during the 2021 exploration campaign, namely;

  • - DGE21-1

    - DGE21-2

    - DGE21-3

Hole DGE21-1 was angled at 184/62 degrees and was drilled to 789 meters (640 meters vertical), with the objective of confirming the geology and structure interpretation that has been made based on local geophysical interpretation and till anomalies. The totality of the hole was represented by granitic to granodioritic rock and returned 1 meter of silver assaying 65 g/t Ag at 653m downhole. Chromium levels of 122ppm were associated with the silver anomaly as well as magnesium 2.39ppm, copper 147ppm and nickel of 55.9ppm.

 

Hole DGE21-2 was drilled with the objective of gaining structural orientation and was stopped at 372 meters (240 meters vertical). This hole returned 3.2 g/t Ag over the 237 - 238 meters interval and 1.7 g/t Ag at 345 - 346 meters. These intervals were both in a highly fractured zone, suggesting the importance of a brittle deformation zone to feed mineralization in the system.

Hole DGE21-3 was drilled to the east of hole DGE21-1 and was stopped at 808 meters (660 meters vertical depth). It intersected felsic granite with no visible indicators of alteration until a depth of 470m. Starting at 470m, an important epidote-biotite-amphibole-chlorite alteration zone and an amphibolite lens was observed. Brecciated zones were found within the amphibolite which were strongly altered. Felsic porphyry and pegmatitic decimetric to metric dykes were intercepted at multiple depths. The presence of hydrothermal alteration zones associated with a brittle structure indicates a prolific environment for gold mineralization.

 

Assays for hole DGE21-3 began at 153m and returned six one-meter intersections of anomalous gold values in the granite, ranging from 0.132 to 0.629 g/t Au, with a slight trend of increasing gold values with depth.  The presence of gold inside a large granitic pluton is positive for the East Barry Property as it indicates the hydrothermal system is carrying gold. Granitic intrusions are known for providing optimal sites for large volume gold-bearing systems.

 

The East Barry drill program was successful in identifying the fertility of the underlying rocks to carry gold and it also provided promising indicators that the gold values increase with depth and coincide with hydrothermal alteration zones, which is typical for the area. The geology on the East Barry Property continues to demonstrate that the Windfall Lake area was created by an extremely large deep-rooted hydrothermal gold system and that additional deeper drilling should be completed.

 

Hole ID

Target

From (m)

to (m)

Length (m)

Au (g/t)

Hole DGE21-3

East Barry

471

472

1

0.161

526

527

1

0.157

536

537

1

0.132

588

589

1

0.265

735

736

1

0.629

744

745

1

0.129

 

Marcy Kiesman, CEO of Durango comments:

 

“We are pleased to have made a gold discovery in the granitic intrusion as it speaks to the potential of a nearby gold source and also coincides with the gold in the till that we have discovered on the East Barry Property to date. We now know that the hydrothermal system is in place on the East Barry Property and that it is carrying gold  which is exactly what we were hoping to discover with our test drilling. Durango’s team will promptly review all of the newly acquired data and to conduct further strategic drilling to find the main source of gold.”

 

The technical contents of this press release were approved by George Yordanov, professional geologist, an Independent Qualified Person as defined by National Instrument 43-101.

 

Corporate Update

 

Durango also advises that, further to its news release dated February 18, 2021, that Core Consultants (“Core”) continues to service Durango in its IR efforts. As a result of the ongoing delays in receiving its assay results from past exploration programs related to COVID-19, management has thus far spent only a fraction of the USD$120,000 budget that was previously announced. As the country continues to resume economic activity and staff in the assay labs return to work, Durango and Core will manage its IR spending in a deliberate, focused manner as additional results become available.

 

The Company would like to thank Ms. Twila Jensen for her service as an independent director on Durango’s Board for the past six years. Ms. Jensen has decided to focus her time on her role as VP of Sales and Marketing of Stockhouse where she has worked for the past 8 years. The Durango team looks forward to continuing to work with Ms. Jensen in her marketing capacity at Stockhouse.

About Durango

Durango is a natural resources company engaged in the acquisition and exploration of mineral properties. The Company is positioned for discovery with a 100% interest in a strategically located group of properties in the Windfall Lake gold camp in the Abitibi region of Québec, Canada.

 

For further information on Durango, please refer to its SEDAR profile at www.sedar.com.

 

Marcy Kiesman, CEO

Telephone: 604.428.2900 or 604.339.2243

Email: [email protected]

Website: www.durangoresourcesinc.com

 

Forward-Looking Statements

This news release contains “forward‐looking information or statements” within the meaning of applicable securities laws, which may include, without limitation, statements that address the upcoming work programs, and other statements relating to the business, financial and technical prospects of the Company. All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Although the Company 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 may differ materially from those in the forward-looking statements.

 

Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the price of minerals, the ability to achieve its goals, the COVID-19 pandemic, that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms. Such forward-looking information reflects the Company’s views with respect to future events and is subject to risks, uncertainties and assumptions, including those filed under the Company’s profile on SEDAR at www.sedar.com. Factors that could cause actual results to differ materially from those in forward looking statements include, but are not limited to, continued availability of capital and financing and general economic, market or business conditions. The Company does not undertake to update forward‐looking statements or forward‐looking information, except as required by law.

 

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Copyright (c) 2021 TheNewswire - All rights reserved.

Today’s News

Phoenix Gold Resources Intersects 47.79 M of 0.85% Copper Successfully Completing Initial Drilling Phase

Vancouver, British Columbia – TheNewswire – October 12, 2021 – Phoenix Gold Resources Corp. (the "Company") (TSXV:PXA) (OTC:PGRCF) (Frankfurt:5DE)…

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Vancouver, British Columbia – TheNewswire - October 12, 2021 – Phoenix Gold Resources Corp. (the "Company") (TSXV:PXA) (OTC:PGRCF) (Frankfurt:5DE) is pleased to provide initial assay results from 100 of 300 samples collected from the core in diamond drill holes YH21-04, -06, -08 and -09 selected for obvious massive sulphide mineralization.  The diamond drill holes were completed as part of the Company’s successful first phase of drilling on the York Harbour Copper-Zinc-Silver Project situated 27 kilometres west of Corner Brook, Newfoundland.

Highlights intersections from initial assay results:

  • - YH21-04 with 9.51 m of 1.69% copper, 125.14 gpt cobalt, 0.13% zinc, and 1.43 gpt silver

(including 1.54 m of 5.2% copper, 287.12 gpt cobalt, 0.07% zinc, and 2.57 gpt silver)

  • - YH21-06 with 47.79 m of 0.85% copper, 91.82 gpt cobalt, 0.57% zinc and 1.53 gpt silver

(including 1.60 m of 9.39% copper, 645.44 gpt cobalt, 0.18% zinc, and 6.9 gpt silver)

(including 5.80 m of 3.52% copper, 283.03 gpt cobalt, 0.09% zinc, and 2.80 gpt silver)

  • - YH21-08 with 6.6 m of 0.62% copper, 66.92 gpt cobalt, 0.65% zinc and 3.37 gpt silver

    - YH21-09 with 9.54 m of 1.69% copper, 238.73 gpt cobalt, 0.11% zinc and 2.83 gpt silver

The drilling program was successful in validating historical drilling results with 6 of the 9 drill holes intersecting massive sulphide mineralization and suggesting even further mineralization extending beyond the historical ‘A’, ‘G’ and ‘H’ zones. Two diamond drill holes encountered a wide fault zone, and a third hole intersected a section of the 400 Level adit and was not completed to its intended depth.  

Drill hole YH21-09 is especially significant since this drill hole was collared to intersect the 'A' zone at depth, but immediately intersected massive sulphide mineralization at the bedrock surface. This intercept indicates that there is significant exploration potential for discovering additional massive sulphide mineralization both along strike and beneath the upper mined portion of the 'A' zone.

The following table summarizes the intervals and weighted average grades for the 100 samples that were selected for their identified massive sulphide mineralization within the 4 drill holes.  Results for the remaining 200 drill core samples that include further visual sulphide mineralization are anticipated in the next few weeks.  

DDH

From

To

Interval

Copper

Cobalt

Zinc

Silver

Target Zone

No.

(m)

(m)

(m)

(%)

(gpt)

(%)

(gpt)

 
                 

YH21-04

180.03

189.54

9.51

1.69

125.14

0.13

1.43

H Zone

including

180.03

182.00

1.97

3.68

257.80

0.08

3.59

 

including

188.00

189.54

1.54

5.20

287.12

0.07

2.57

 

and

196.38

198.12

1.74

0.49

57.26

1.63

0.84

 

DDH
(No.)

From
(m)

To
(m)

Interval
(m)

Copper
(%)

Cobalt
(gpt)

Zinc
(%)

Silver
(gpt)

Target Zone

YH21-06

146.26

194.05

47.79

0.85

91.82

0.57

1.53

H Zone

including

146.26

148.06

1.80

1.19

67.00

5.09

13.47

 

including

152.53

154.85

2.32

0.46

48.29

5.06

2.65

 

including

178.35

179.95

1.60

9.39

645.44

0.18

6.90

 

including

178.35

184.15

5.80

3.52

283.03

0.09

2.80

 

including

179.95

193.20

13.25

1.30

127.01

0.06

1.19

 
                 

YH21-08

122.30

128.90

6.60

0.62

66.92

0.65

3.37

G Zone

including

122.30

125.25

2.95

0.81

103.12

0.50

3.34

 

including

127.25

128.90

1.65

0.61

36.34

1.20

4.95

 
                 

YH21-09

5.00

14.54

9.54

1.69

238.73

0.11

2.83

A Zone


The above intervals are drilling lengths, not true widths, because the true orientation of the mineralization has not yet been established.

It is interesting to also note that there are significantly elevated cobalt values, ranging from less than 100 to 918 ppm, commonly associated with the higher copper grades.  More studies will be carried on this valuable accessory element once the balance of the Phase 1 analytical results have been received.

Andrew Lee, President and CEO commented “As we hoped, the preliminary assay results from our Phase 1 drilling program have successfully demonstrated the copper potential at York Harbour and validated near-surface mineralization. The results from the remaining 200 drill core samples which are expected shortly, will further enhance our knowledge and understanding of the project as we enter Phase 2 drilling.”

QA / QC Comments

Three hundred Phase 1 diamond drill core samples of sawn core have been collected from core lengths usually varying from 0.3 to 1.50 m depending upon geological and mineralogical constraints.  Of this total, one hundred core samples were initially delivered to Activation Laboratories (“ActLabs”) in Ancaster, Ontario, an ISO/IEC-accredited laboratory.  There they were crushed to a nominal minus 2 mm, split into representative sub-samples and then pulverized to at least 95% minus 105 microns before collecting sub-sample pulps from each of the core samples.

All sub-sample pulps were initially analyzed for 36 elements using ICP QC procedures which included fusing with Na2O2.  The fused samples were then dissolved in purified water and acidified with concentrated nitric and hydrochloric acids. The solutions were then measured by an ICP.  Samples are analyzed with a minimum of 10 certified reference materials, and every 10th sample was prepared and analyzed in duplicate plus a blank is prepared every 30 samples and analyzed.  In addition, a 5 g sub-sample pulp for each core sample was analyzed for gold using fire assay fusion techniques with an atomic absorption finish (‘FA/AA’).  On each tray of 42 samples there is two blanks, three sample duplicates and 2 certified reference materials, one high and one low (QC 7 out of 42 samples).

Based upon the initial ICP results, any element returning predetermined over-limit values, specifically for copper, zinc, silver and gold, were automatically assayed using conventional assay procedures.  There were no over limit gold values but there were several copper, zinc and silver over- limit ICP results.  For each of these samples a 5 g sub-sample was split and assayed using conventional fire assay procedures with an atomic absorption finish (‘FA/AA’).  The laboratory QA/QC procedures for these samples were the same as for the previous gold FA/AA analyses.

J.D. Blanchflower, P. Geo. is a qualified person in accordance with National Instrument 43-101 and has reviewed and approved the scientific and technical information contained in this news release.

For further information contact:

Andrew Lee CEO, President and Director

Telephone: 778-302-2257 | Email: [email protected]  

Website: www.phoenixgoldresources.ca  

1518 – 800 Pender Street W, Vancouver, BC, Canada V6C 2V6

 

Cautionary Statement Regarding Forward-Looking Information

 

This news release may contain “forward-looking information” and “forward-looking statements” within the meaning of applicable Canadian securities legislation. All information contained herein that is not historical in nature may constitute forward-looking information. Forward-looking statements herein include but are not limited to statements relating to the prospects for development of the Company's mineral properties, and are necessarily based upon a number of assumptions that, while considered reasonable by management, are inherently subject to business, market and economic risks, uncertainties and contingencies that may cause actual results, performance or achievements to be materially different from those expressed or implied by forward looking statements. Except as required by law, the Company disclaims any obligation to update or revise any forward-looking statements. Readers are cautioned not to put undue reliance on these forward-looking statements. 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 press release.

 

Copyright (c) 2021 TheNewswire - All rights reserved.

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Today’s News

CopperBank Shareholders Overwhelmingly Approve Long Term Incentive Plan at Special Meeting; Leadership Team Additions Announced

VANCAOUVER, BC / ACCESSWIRE / October 15, 2021 / CopperBank Resources Corp. ("CopperBank" or the "Company") (CSE:CBK)(OTC PINK:CPPKF)(FRANKFURT:9CP) is…

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VANCAOUVER, BC / ACCESSWIRE / October 15, 2021 / CopperBank Resources Corp. ("CopperBank" or the "Company") (CSE:CBK)(OTC PINK:CPPKF)(FRANKFURT:9CP) is pleased to announce that earlier today shareholders of Copperbank voted at the special meeting of shareholders (the "Meeting") to approve the long term incentive plan of the Company (the "LTIP"), as further described in the management information circular of the Company dated September 14, 2021, with approximately 98% of votes cast in favour of the new LTIP. Additionally, the company is pleased to announce key appointments to the senior leadership team.

As previously announced in the Company's September 2, 2021 press release, the board of directors of CopperBank approved grants of 9,650,000 stock options to eligible participants under the LTIP, which grant was subject to the approval of the LTIP by shareholders. The grant, which will be effective as of today's date, permits each holder to purchase one common share of the Company for each option held at a price of $0.40 for a period of three years.

Leadership Team Appointments

The Company is also pleased to announce that Graham Richardson, Thomas Bissig and Zach Allwright will be joining the leadership team as Chief Financial Officer, Vice President of Exploration, and Vice President of Projects and Evaluations, respectively. Paul Harbidge, President and Chief Executive Officer, commented, "I am very excited to welcome Graham, Thomas and Zach to the CopperBank team as we work on advancing our exciting copper projects in the world-class mining districts of Arizona and Nevada. It is a testament to the quality of the projects that we have been able to attract three key senior individuals and I look forward to leveraging their experience and expertise as we work to unlock the value inherent in the CopperBank portfolio."

Mr. Graham Richardson joined the Company on October 15, 2021, as Chief Financial Officer and is a Canadian CPA with over 10 years of finance experience in the mining sector and a proven track record of adapting and partnering with various levels of organizations to achieve desired outcomes. In his most recent role as Senior Director, Finance and Accounting at Fortuna Silver Mines Inc., Mr. Richardson was closely involved in the financial due diligence and integration activities in connection with the acquisition of Roxgold, while also being responsible for the delivery of the quarterly reports and oversight of the finance function and Vancouver Corporate Office. Previously, he was the Assistant Controller, North America at Newmont, following the acquisition of Goldcorp in April 2019. Prior to his role with Newmont, he was the Director, Finance Performance Management at Goldcorp after joining in 2016 and holding progressively senior finance roles within the organization. Mr. Richardson started his career with Deloitte Touche Tohmatsu Limited in their mining practice in Vancouver, and subsequently Melbourne, where he gained diverse experience working with operations across Canada, Australia, USA, Mexico and West Africa. Mr. Richardson has a Bachelor of Commerce in Accounting from the University of British Columbia, Sauder School of Business.

Dr. Thomas Bissig joined the Company on October 1, 2021, as the Vice President of Exploration. Dr. Bissig is a geologist and geochemist with more than 23 years of experience in exploration and applied research on porphyry and epithermal deposit types across the Americas. He most recently worked as a consulting geoscientist providing services ranging in scale from orebody knowledge to regional exploration. From March 2017 to February 2020 he held the position of Director, Geochemistry for Goldcorp/Newmont providing subject matter expertise to exploration teams across the Americas. From 2008 to 2017 he was a senior research associate at the Mineral Deposit Research Unit at the University of British Columbia (Vancouver, Canada) where he was responsible for multiple gold and copper research programs and exploration, focused in the Andes, British Columbia, Nevada and Eastern Europe. Dr. Bissig was also a Professor at the Universidad Catolica del Norte in Antofagasta, Chile from 2004 to 2007 after graduating in 1997 from the Swiss Federal Institute of Technology (ETH) in Zürich with a diploma in Earth Sciences. Dr. Bissig carried out his PhD research at Queen's University in Kingston (Ontario, Canada) on the metallogeny of the El Indio epithermal belt in Chile and Argentina, graduating in 2001.

Mr. Zach Allwright joined the company on October 15, 2021, as the Vice President of Projects and Evaluations. He is a skilled mining professional with 15 years of diversified international experience, specializing in asset optimization and technical evaluations. In his most recent role as Director, North America for Mining Plus Consulting (part of the Byrnecut Group from Australia), he successfully delivered an extensive range of technical studies and asset evaluations in team environments. Notable engagements include the delivery of technical advisory to GT Gold (supporting the subsequent acquisition by Newmont in May 2021), facilitating the mining technical due diligence for Goldcorp culminating in the Newmont/Goldcorp merger in April 2019, leading the transformation of Lac Des Illes mine through the implementation of sub-level caving 2015-2018 and advancing the Pumpkin Hollow (Nevada Copper) project from an optimized concept to first production between 2016 and 2018. Mr. Allwright (P.Eng) holds a Mining Engineering degree from the Western Australian School of Mines and an MBA from Curtin Graduate School of Business.

About CopperBank

CopperBank is a Canadian exploration company focused on advancing two copper projects in The United States of America. The Company trades on the Canadian Securities Exchange under the symbol "CBK".

For additional information please contact:

Paul Harbidge, President and Chief Executive Officer

CopperBank Resources Corp.
Suite 1500, 409 Granville Street, Vancouver, BC V6C 1T2

Phone: 778-987-2761
E-mail: [email protected]
Website: www.copperbankcorp.com

SOURCE: CopperBank Resources Corp.



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Today’s News

Pure Gold Mining Inc. Closes Previously Announced Non-Brokered Financing of Approximately C$3.47 Million

THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT AUTHORIZED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION…

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THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT AUTHORIZED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

VANCOUVER, British Columbia, Oct. 15, 2021 (GLOBE NEWSWIRE) -- Pure Gold Mining Inc. (TSXV:PGM LSE:PUR) (“PureGold” or the “Company”) is pleased to announce that it has closed the non-brokered private placement (the “Offering”) announced on October 5, 2021.

Pursuant to the Offering, the Company issued a total of 3,307,619 units of the Company (the “Units”) to AngloGold Ashanti Limited (“AngloGold”) at a price of C$1.05 per Unit, for aggregate gross proceeds of approximately C$3,473,000. The Offering brings AngloGold’s ownership percentage in the Company to 14.96% of the issued and outstanding common shares on a non-diluted basis upon completion of the Offering.

Each Unit consists of one common share of the Company (a “Unit Share”) and one-half of one common share purchase warrant (each whole common share purchase warrant, a “Warrant”). Each Warrant is transferrable and entitles the holder to acquire one common share of the Company until April 15, 2023, at a price of C$1.36.

Due to its share ownership, AngloGold is considered a “related party” of Pure Gold and, accordingly, the Offering constitutes a “related party transaction” within the meaning of Multilateral Instrument 61-101 (“MI 61-101”). The Offering was exempt from the minority approval requirement of Section 5.6 and the formal valuation requirement of Section 5.4 of MI 61-101 as neither the fair market value of the Offering, nor the fair market value of the consideration of the Offering, exceeded 25% of Pure Gold’s market capitalization. A material change report in connection with the Offering will be filed less than 21 days before the closing of the Offering. This shorter period was reasonable and necessary in the circumstances as the Company wished to complete the Offering in a timely manner.

The net proceeds received from the Offering will be used to fund the continued ramp up of operations at its 100%-owned PureGold Mine Project located in Red Lake, Ontario, underground drilling and development of the high-grade 8 zone, and for general corporate purposes. The securities issued under the Offering have a hold period of four months and one day from closing, expiring on February 16, 2022.

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. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold to U.S. Persons (as such term is defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws, or an exemption from such registration is available.

ABOUT PURE GOLD MINING INC.

PureGold is a growth company, located in the very heart of Red Lake, Canada. Our objective is pure and simple. To develop a highly-profitable long life gold mining company, becoming Canada’s next iconic gold producer. Our plan is very disciplined, very methodical and financially sound. To expand organically, and develop PureGold’s multi-million ounce high grade gold asset incrementally, step-by-step, using a phased mining development plan to deliver maximum return.

ON BEHALF OF THE BOARD
"Darin Labrenz"
Darin Labrenz, President & CEO

For further information:
Adrian O’Brien
Director, Marketing and Communications
604-809-6890
[email protected]

Forward-Looking Information

This news release contains "forward-looking information" which may include, but is not limited to, statements with respect to the future financial or operating performance of the Company and its projects and the expected use of proceeds of the Offering. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Forward-looking statements contained herein are made as of the date of this press release and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements if circumstances, management's estimates or opinions should change, except as required by securities legislation. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.


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