VAL-D’OR, Québec, Oct. 05, 2021 (GLOBE NEWSWIRE) -- Pershimex Resources Corporation ("Pershimex" or the "Company") (TSX VENTURE: PRO) is pleased to announce the appointment of Mr. Jacques Brunelle as Vice-President, Corporate Development. Mr. Brunelle is a businessman who has worked in the mineral exploration sector for 40 years. He participated as a director and founding president of two junior companies, Knick Exploration (TSX.V: KNX) and Niogold Mining Corporation, which in 2016 was the subject of a successful transaction with Osisko Mining. Mr. Brunelle is also a director of Prospect Ridge (TSX.V: PRR).
The public and private companies for which Mr. Brunelle has worked have raised tens of millions of dollars in capital for mineral exploration and the development of mining projects. Mr. Brunelle acquired the 3M-5M project, formerly owned by Barrick Gold, and this major acquisition would become Niogold flagship project, the Marban project. It should also be noted that long before the rise in the prices of the rare earth group's elements, Mr. Brunelle had already taken a position in the Montviel carbonatite sector in Abitibi. This property allowed the company Géoméga to reach unprecedented highs on the stock market.
Mr. Brunelle's arrival is part of Pershimex development objective of developing a strategic communication plan and putting in place the necessary tools for its implementation.
Mr. Brunelle is a versatile manager and convener who will develop good relationships with Pershimex shareholders and business partners.
Robert Gagnon, President and Chief Executive Officer of the Company, said: "For Pershimex, owner of properties located in the heart of the action in one of the most promising sectors of Abitibi, the arrival of Mr. Brunelle consolidates the team."
This press release was prepared by Robert Gagnon, professional geologist, and President of Pershimex, a qualified person under National Instrument 43-101.
For more information, please contact:
Robert Gagnon, President
Tél.: (819) 825-2303
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 the information contained in this press release.
Facts stated in this press release that are not historical facts are "forward-looking statements" and readers are cautioned that such statements are not guarantees of success and that future developments and results may differ from those projected in such forward-looking statements.
acquisition tsxv-pro pershimex-resources-corporation pershimex resources corporation press-release
Great Atlantic Completes Drilling Program Intersects Base Metal Sulfides in Semi-Massive Sulfide Veins and Indicator Mineral for Gold Mineralization
100% Owned Keymet Precious & Base Metal Property, New BrunswickVANCOUVER, BC / ACCESSWIRE / October 14, 2021 / GREAT ATLANTIC ESOURCES CORP. (TSXV:GR)…
100% Owned Keymet Precious & Base Metal Property, New Brunswick
VANCOUVER, BC / ACCESSWIRE / October 14, 2021 / GREAT ATLANTIC ESOURCES CORP. (TSXV:GR) (the "Company" or "Great Atlantic") is pleased to announce it is completed the 2021 diamond drilling program at its Keymet Base Metal - Precious Metal Project, located in Northern New Brunswick. The drilling program, consisting of 10 holes (2,061 meters) tested testing numerous targets in the northwest region of the property. Veins containing semi-massive sulfides (including copper, zinc and lead sulfides) and arsenopyrite (an indicator for potential gold mineralization) were intersected in multiple holes. Analytical results are pending.
Sphalerite mineralization in drill hole Ky-21-30
The ten drill holes (Ky-21-23 to Ky-21-32) tested areas of polymetallic (zinc, copper, lead and silver) veins; untested electromagnetic anomalies; and gold bearing bedrock and float.
The Company previously discovered high grade gold, silver, copper and zinc in this region, including a drill intercept of 9.04% zinc, 9.19% copper and 1,158 gams per tonne (g/t) silver over 3.00 meters core length and a boulder sample returning 51 grams / tonne (g/t) gold.
Seven drill holes intersected veins hosting copper, zinc and / or lead sulfide mineralization, including veins with semi-massive sulfides. These include drill holes Ky-21-23 which tested the possible extension of the Elmtree Silver Mine vein occurrence southeast of the historic shaft; Ky-21-25 which tested a new target area; Ky-21-27, Ky-21-28, Ky-21-30, and Ky-21-31 which tested the Elmtree 12 polymetallic vein system; and Ky-21-29 which was the first drill hole into an electromagnetic anomaly.
Six drill holes (Ky-21-25 to Ky-21-30) intersected intervals with arsenopyrite mineralization. Previous work by the Company has identified gold mineralization associated with arsenopyrite mineralization in this region of the property.
The drill core is being geologically logged and with mineralized intervals (with base metal sulfides and arsenopyrite) being sampled. Half core samples will be submitted to an independent laboratory for multi-element analysis (including gold, zinc, copper, lead and silver).
High grade silver and lead is reported at the Emtree Silver Mine historic workings by the New Brunswick Department of Energy and Resource Development.
Great Atlantic discovered high-grade zinc, copper and silver mineralization at the Emtree 12 polymetallic vein system during 2015 - 2018 drilling programs including:
- Ky-15-3: 16.68% Zn, 1.11% Cu, 0.44% Pb and 152 g/t Ag over 1.80 meters.
- Ky-15-4: 8.68% Zn, 0.29% Cu, 0.20% Pb and 44 g/t Ag over 4.28 meters.
- Ky-17-6: 7.67% Zn, 1.57% Cu, 0.48% Pb and 209 g/t Ag over 4.95 meters.
- Ky-18-10: 7.91% Zn, 0.53% Cu, 0.21% Pb and 77 g/t Ag over 3.27 meters.
- Ky-18-12: 8.90% Zn, 3.81% Cu, 0.60% Pb and 157 g/t Ag over 1.20 meters.
- Ky-18-14: 9.04% Zn, 9.19% Cu, 2.16% Pb and 1,158 g/t Ag over 3.00 meters.
- Ky-18-14: 12.08% Zn, 0.31% Cu, 0.30% Pb and 59 g/t Ag over 4.50 meters.
The Company is also conducting prospecting and rock / soil geochemical sampling during 2021 in the central region of the property with a focus on gold. The 2021 exploration program at the Keymet Property is being managed by a Qualified Person.
Historic Keymet Base Metal - Silver Mine (1950s)- burnt down and was never recapitalized
Located 8KM away from the previous operating
Nigadoo Mine that operated for over twenty years
David Martin, P.Geo., a Qualified Person as defined by NI 43-101 and VP Exploration for Great Atlantic, is responsible for the technical information contained in this News Release.
Historic gold bearing samples and gold soil anomalies referred to in the news release have not been verified by a Qualified Person.
The Keymet Property covers an area of approximately 3,400 hectares and is 100% owned by the Company.
On Behalf of the board of directors
"Christopher R Anderson"
Mr. Christopher R. Anderson
"Always be positive, strive for solutions, and never give up"
President CEO Director
Office Line 604-488-3900
About Great Atlantic Resources Corp.: Great Atlantic Resources Corp. is a Canadian exploration company focused on the discovery and development of mineral assets in the resource-rich and sovereign risk-free realm of Atlantic Canada, one of the number one mining regions of the world. Great Atlantic is currently surging forward building the company utilizing a Project Generation model, with a special focus on the most critical elements on the planet that are prominent in Atlantic Canada, Antimony, Tungsten and Gold.
This press release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address future exploration drilling, exploration activities and events or developments that the Company expects, 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 or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include exploitation and exploration successes, continued availability of financing, and general economic, market or business conditions.
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.
Great Atlantic Resource Corp
888 Dunsmuir Street - Suite 888, Vancouver, B.C., V6C 3K4
SOURCE: Great Atlantic Resources Corp.
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drilling intersects drill hole tsxv-gr great-atlantic-resources-corp financing press-release
CMC Metals Mobilizes Field Crews at Its Terra Nova Property in Newfoundland and Upcoming Presentation by CEO
VANCOUVER, BC / ACCESSWIRE / October 14, 2021 / CMC Metals Ltd. (TSXV:CMB)(FRA:ZM5N)(OTC PINK:CMCXF); (the "Company") is pleased to announce that field…
VANCOUVER, BC / ACCESSWIRE / October 14, 2021 / CMC Metals Ltd. (TSXV:CMB)(FRA:ZM5N)(OTC PINK:CMCXF); (the "Company") is pleased to announce that field crews have been mobilized to their polymetallic Terra Nova Property in Newfoundland, Canada. The Terra Nova property consists of 71 claims located 30 kilometers northwest of Port Blandford in central Newfoundland. Access is from the town of Terra Nova via 12 km of transmission line road built for the Lower Churchill Falls power development. CMC has an option to earn a 100% ownership of the property. The property lies within the Gander Zone which is an area of significant exploration interest as a result of Newfound Gold's Queensway gold project.
Terra Nova is an interesting property as it has a large alteration area of 12 square kilometers which to date has been subjected to limited exploration. The property is considered to have potential to host mesothermal gold-polymetallic deposits. The property currently comprises of five mineralized showings: (i) the Copper Vein; (ii) Nancy's gold vein showing; (iii) New Alteration Zone; (iv) the Silver Pit; and, (v) the Galena Vein Showing.
- A grab sample collected at the Copper Vein Showing produced 354 ppb gold, 43.8 g/t silver, 2.33% copper and > 1,000 ppm tungsten;
- A grab sample at Nancy's Gold Vein Showing have produced 6,812 ppb gold, 159.6 g/t silver, 1,562 ppm copper and > 1,000 ppm tungsten; and
- Grab Samples collected from the Galena Showing have reported assays values of 953 ppb gold, 59.8 g/t silver, 7.2 % lead, and > 1,000 ppm tungsten.
Recent prospecting efforts have served to identify additional mineralized areas related to the existing showings and samples have been submitted for assay,
Mr. John Bossio, Chairperson noted, "We are pleased to initiate exploration efforts at Terra Nova Veil, Newfoundland. Central Newfoundland is a hotbed of exploration activity and we are excited to now be able to start to examine Terra Nova."
Kevin Brewer, President and CEO of the Company will be providing a detailed update on 2021 exploration activities on Tuesday October 19, at 3:45PM (Eastern Standard Time). We look forward to all interested parties or persons to join us by registering for the presentation.
People can register to attend the conference here:
Kevin Brewer, a registered professional geoscientist in BC, Yukon and Newfoundland, is the Company's President and CEO, and Qualified Person (as defined by National Instrument 43101). He has approved the technical information reported herein. The Company is committed to meeting the highest standards of integrity, transparency and consistency in reporting technical content, including geological reporting, geophysical investigations, environmental and baseline studies, engineering studies, metallurgical testing, assaying and all other technical data.
About CMC Metals Ltd.
CMC Metals Ltd. is a growth stage exploration company focused on opportunities for silver in Yukon and British Columbia and polymetallic deposits in Yukon and Newfoundland. Our silver-lead-zinc prospects include the Silver Hart Deposit and Blue Heaven claims (the "Silver Hart Project") and the recently acquired Rancheria South, Amy and Silverknife claims (the "Rancheria South Project"). Our polymetallic projects with potential for copper-silver-gold and other metals include Logjam (Yukon), Bridal Veil and Terra Nova (both in Newfoundland).
On behalf of the Board:
John Bossio, Chairman
CMC METALS LTD.
For Further Information and Investor Inquiries:
Kevin Brewer, P. Geo., MBA, B.Sc Hons, Dip. Eng
President, CEO and Director Tel: (604) 670 0019
110-175 Victory Ship Way
North Vancouver, BC V70B2
To be added to CMC's news distribution list, please send an email to [email protected] or contact Mr. Kevin Brewer.
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.
"This news release may contain certain statements that constitute "forward-looking information" within the meaning of applicable securities law, including without limitation, statements that address the timing and content of upcoming work programs, geological interpretations, receipt of property titles and exploitation activities and developments. In this release disclosure regarding the potential to undertake future exploration work comprise forward looking statements. Forward-looking statements address future events and conditions and are necessarily based upon a number of estimates and assumptions. While such estimates and assumptions are considered reasonable by the management of the Company, they are inherently subject to significant business, economic, competitive and regulatory uncertainties and risks, including the ability of the Company to raise the funds necessary to fund its projects, to carry out the work and, accordingly, may not occur as described herein or at all. Actual results may differ materially from those currently anticipated in such statements. Factors that could cause actual results to differ materially from those in forward looking statements include market prices, exploitation and exploration successes, the timing and receipt of government and regulatory approvals, the impact of the constantly evolving COVID-19 pandemic crisis and continued availability of capital and financing and general economic, market or business conditions. Readers are referred to the Company's filings with the Canadian securities regulators for information on these and other risk factors, available at www.sedar.com. Investors are cautioned that forward-looking statements are not guarantees of future performance or events and, accordingly are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty of such statements. The forward-looking statements included in this news release are made as of the date hereof and the Company disclaims 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."
SOURCE: CMC Metals Ltd.
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financing tsxv-cmb cmc-metals-ltd press-release
MGX Minerals Announces Exploration for Nuclear and Space Metals at GC Lithium — Caesium — Tantalum — Rubidium Project, British Columbia
VANCOUVER – TheNewswire – October 14th, 2021 – MGX Minerals Inc. (“MGX” or the “Company”) (CSE:XMG) (CNSX:XMG.CN) (FKT:1MG) (OTC:MGXMF) announce…
VANCOUVER – TheNewswire - October 14th, 2021 - MGX Minerals Inc. (“MGX” or the “Company”) (CSE:XMG) (CNSX:XMG.CN) (FKT:1MG) (OTC:MGXMF) announce exploration is planned at its 100% owned GC Lithium, Caesium, Tantalum (“LCT”), and Rubidium Property, located in southern British Columbia. The purpose of the planned exploration is to identify nuclear and space metals potential. In 2013, two rock samples (48193 and 48194) of the pegmatite dike assayed up to 0.111% caesium and greater than 0.2% lithium and rubidium, respectively (BC Assessment Report 34293). In 2015, rock sampling yielded values up to 1.72% lithium, 0.124% caesium and greater than 0.2% rubidium (BC Assessment Report 36579). The dike is known to be at least 65m in length and 3m to 6m wide.
Nuclear and Space Metals
Tantalum, niobium, titanium, and rubidium metals are generally known for their high melting point and ability to withstand extreme heat and have direct applications in nuclear and space flight. Caesium is a liquid metal similar to mercury and is currently used in space applications including as a propellant in small ion thrusters.
GC Project Geology
The claims are on the south flank of the Frenchman's Cap gneiss dome in the Shuswap Metamorphic Complex. Gneiss, quartzite, schist, calc-silicate rocks, minor marble and argillite are isoclinally folded with easterly trending structures. Folding and jointing are common with planes intruded by swarms of pegmatite and lamprophyre dikes. Locally, the area is underlain by calc-silicate metamorphic and paragneiss units of the Proterozoic to Lower Paleozoic Monashee complex. Granitic pegmatite bodies of the rare metal LCT (lithium-cesium-tantalum) variety occur on the GC Property. LCT pegmatites are known to contain anomalous levels of beryllium, niobium and tantalum. A 3m to 6m wide pegmatite dike of coarse-grained quartz, feldspar with black and pink tourmaline is hosted by a biotite (lepidolite) schist. Minor amounts of beryl and rose quartz are also reported. The pegmatite trends 062 degrees and has been followed for 65m..
LCT Pegmatites in Canada
LCT pegmatites are a petrogenetically defined subset of granitic pegmatites that are associated with certain granites. They consist mostly of quartz, potassium feldspar, albite, and muscovite. Common accessory minerals include garnet, tourmaline, and apatite. LCT pegmatite deposits can contain a number of elements, including lithium, cesium, tantalum and niobium. The most well-known granitic LCT pegmatite in Canada is the highly fractionated Tanco Pegmatite, located 180 km northeast of Winnipeg, Manitoba that consists of a subhorizontal saddle-shaped body measuring 1,500m long by 1,000 m wide by up to 100m thick that does not outcrop. Highly fractionated pegmatite fields in northwestern Canada, including Little Nahanni Pegmatite Group and O’Grady batholith in the Northwest Territories, have only recently been discovered.
MGX Minerals is planning to perform detailed geological mapping and geochemical sampling of the GC pegmatite, and subsequent core drilling in order to understand potential for tantalum, niobium, titanium, caesium and rubidium.
Andris Kikauka (P. Geo.), Chief Executive Officer of MGX Minerals, has prepared, reviewed and approved the scientific and technical information in this press release. Mr. Kikauka is a non-independent Qualified Person within the meaning of National Instrument 43-101 Standards.
About MGX Minerals Inc.
MGX Minerals is a diversified Canadian resource and technology company with interests in advanced metals, industrial minerals, and energy technologies.
Chief Executive Officer
This press release contains forward-looking information or forward-looking statements (collectively, "forward-looking information") within the meaning of applicable securities laws. All statements, other than statements of historical fact, included herein are forward‐looking information. Forward-looking information in this press release include, but are not limited to, statements with respect to holding the postponed Meeting, and the filing of an amended notice of meeting and record date for the postponed Meeting. Forward-looking information is generally, but not always, identified by the words "expects", "plans", "anticipates", "in the event", "if", "believes", "asserts", "position", "intends", "envisages", "assumes", "recommends", "estimates", "approximate", "projects", "potential", "indicate" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur.
The Company’s forward-looking information are based on the applicable assumptions and factors the Company considers reasonable as of the date hereof, based on the information available to the Company at such time, including without limitation, the ability to host the postponed Meeting at a later date, and the ability to find a suitable location which can accommodate an in-person shareholders’ meeting. The Company cautions investors that any forward-looking information provided by the Company is not a guarantee of future results or performance, and that actual results may differ materially from those in forward-looking information as a result of various risk factors. These factors include, among others, uncertainties arising from the COVID-19 pandemic, and general economic conditions or conditions in the financial markets. The reader is referred to the Company's public filings for a more complete discussion of such risk factors, and their potential effects, which may be accessed through the Company's profile on SEDAR at www.sedar.com. Except as required by securities law, the Company does not intend, and does not assume any obligation, to update or revise any forward-looking information, whether as a result of new information, events or otherwise.
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