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TRANSATLANTIC MINING: DRILLING TO COMMENCE AT THE MONITOR PROJECTS BIG ELK COPPER PROSPECT
Transatlantic Mining Corp. has mobilized a diamond drill rig to its Monitor copper-gold project. The inaugural plan is to drill up to 1,000 metres of diamond core to test the copper anomalism found on earlier surface geological reconnaissance. Grades of up to 30 per cent copper at the nearby Big Elk prospect have previously been reported near surface.
The Monitor copper-gold project straddles the Montana and Idaho border, approximately five miles south of Taft, Idaho, United States.
About the Monitor claim group
Transatlantic has a drill permit in place to commence drilling activities at the Big Elk prospect as part of its joint venture agreement within the greater Monitor copper-gold project.
"No drilling has been completed on the Big Elk prospect historically, and, with copper anomalism on the surface, the company looks forward to its maiden drill program to test the depth and strike extents of its surface copper expression," commented Bernie Sostak, chief executive officer of Transatlantic Mining.
Review by qualified person
Dr. Aslam Awan, PhD, MAusIMM (CP Geo), is the qualified person pursuant to National Instrument 43-101 for having reviewed only the technical information contained in this news release. Dr. Awan is the principal for AAA Geo Consultants.
About Transatlantic Mining Corp.
Transatlantic Mining is an emerging precious metal and base metal explorer. The company has a focus on converting projects into mines within stable mining jurisdictions. The company currently has property interests, including an 80-per-cent joint venture position on the Monitor copper-gold project in Montana/Idaho (United States) and 100 per cent of the Golden Jubilee gold project with its associated mining rights. The company has an extended lease, right to mine and purchase arrangement for the Miller gold mine in Montana to 100-per-cent ownership by way of payment royalty.
Visionstate Expands WANDA Product Globally
Edmonton, Alberta – TheNewswire - September 21, 2023 – Visionstate Corp. (TSXV:VIS) (“Visionstate” or the “Company”) , a leading innovator in IoT technology for the facility management industry, is proud to announce significant advancements in its global expansion efforts. With a strong focus on enhancing facility management practices, Visionstate IoT Inc., the company’s main operating division, continues to make strides in improving operational efficiency and cleanliness in various sectors.
Major Deployment in Canada
Visionstate IoT has embarked on a major deployment project in collaboration with one of the largest universities in Canada. To date, the company has successfully completed installations in five buildings, with 12 more buildings slated for deployment. This landmark project showcases Visionstate's commitment to revolutionizing facility management across academic institutions, ensuring a safe and productive environment for students and staff.
International Trials in the UK and Australia
In London, UK, Visionstate is conducting a trial of its cutting-edge IoT technology at the head office of a prominent global ride-sharing company. This initiative aims to demonstrate the capabilities of Visionstate's solutions in optimizing workspace cleanliness and maintenance protocols within corporate environments.
Meanwhile, Visionstate has successfully completed an installation in Australia, marking its initial foray into this burgeoning market. The company is excited about the prospects of expanding its footprint and delivering its innovative solutions to organizations across the Australian continent.
Expanding Presence in the US
In the United States, Visionstate IoT is aggressively expanding its presence and forging key partnerships. The company is currently working with partners to deploy its flagship product, Wanda, in a prominent restaurant chain. Visionstate will also be a prominent presence at key industry tradeshows across the US over the next 12 months, aiming to solidify its position as a frontrunner in facility management technology within the US market.
Global Partnership and Strategic Initiatives
Visionstate is actively working towards concluding a comprehensive contract with its global partner, which will encompass Canada and specific territories internationally. This strategic partnership is expected to elevate Visionstate's reach and influence in the global facility management arena.
Enhanced Marketing and Online Presence
Over the next quarter, Visionstate will intensify its efforts to expand its social media presence for Wanda, engaging with a wider audience and sharing valuable insights on facility management best practices. The company is also set to launch a targeted marketing campaign in the US, aimed at raising awareness about its innovative solutions. In addition, Visionstate will unveil a new website that will better represent its products and capabilities, making it easier for potential customers to explore the benefits of its cutting-edge technology.
Wanda, Visionstate's flagship facility management tool, is designed to meticulously track cleaning and maintenance protocols, ensuring optimal cleanliness and operational efficiency in various industries.
"We are excited about the rapid expansion of our IoT technology solutions worldwide," said Shannon Moore, President of Visionstate IoT Inc. "Our commitment to enhancing facility management practices continues to drive us forward, and we look forward to delivering our innovative solutions to more organizations, helping them achieve excellence in cleanliness and efficiency."
About Visionstate Corp.
Visionstate Corp. (TSXV: VIS) is a growth-oriented company that invests in the research and development of promising new technology in the realm of the Internet of Things, big data and analytics, and sustainability. Visionstate IoT Inc. is a wholly-owned subsidiary of Visionstate Corp. Through Visionstate IoT Inc., it helps businesses improve operational efficiencies, reduce costs, and elevate customer satisfaction with its state-of-the-art devices that track and monitor guest activities and requests. The footprint of its WANDA™ smart device now extends to hospitals, airports, shopping centres, and other public facilities across and beyond North America. Through building up a collection of synergistic technologies, Visionstate Corp. will continue to innovate, reduce environmental impact, and transform consumer experiences.
Issued on behalf of the Board of Directors,
“John A. Putters”
Visionstate Corp.
To learn more, please contact:
Visionstate IoT Inc.
Shannon Moore, President
Email: shannon@visionstate.com
Tel: 780-425-9460
CHF Capital Markets
Kathy Chapman
Email: kc@chfir.com
Tel: 416-868-1079 x 234
Twitter: @visionstate
Facebook: @visionstate
LinkedIn: Visionstate Corp.
East West financial results came out recently and the company still has $5 million cash in it’s treasury, with Total assets of $5.8m CAD & Liabilities of $1.16m CAD.
Oil production in New Zealand is stable, showing $600K in revenue for the quarter with a $76,000 comprehensive income.
The major catalyst seen in their MD&A is a sale for their Romanian assets could come in Q4 2023. Keeping in mind that NIS had estimated spending at least $60 million USD on this project, so an asset sale would generate a large portion of cash back to East West.
On Page 3 of the Q1 2023 MD&A: The Company and its legal counsel continue to work on the final documentation including possible amendments which would allow closing to occur. In addition the Company has recently been advised by NIS that it is considering a sale of the remaining exploration blocks and the Company has agreed that its 15% interest can be included in such efforts. While the sale process is advancing there is no guarantee that terms will be settled. The Company expects an update in the fourth quarter of calendar 2023.
Additionally, it looks as if a fund has acquired a position in East West (see page 14 of the presentation):
https://www.mineralandfinancial.com/wp-content/uploads/2023/08/MFI-Investor-Presentation-Aug-2023-v-2.0.pdf
Visionstate closes $500,000 private placement
2023-08-18 09:31 ET - News Release
Ms. Shannon Moore reports
VISIONSTATE ANNOUNCES CLOSING OF PREVIOUSLY ANNOUNCED PRIVATE PLACEMENT
Visionstate Corp. has closed the private placement offering previously announced on June 8, 2023. At the close, Visionstate raised $500,000 through the issuance of 25 million units at a price of two cents per unit. Each unit is composed of one common share in the capital of Visionstate and one common share purchase warrant, whereby each warrant entitles the holder to purchase one additional common share at a price of five cents per common share for a period of two years following the date of closing.
If the closing price of the common shares is equal to or exceeds seven cents per common share for greater than 20 consecutive trading days, then the warrant term shall automatically accelerate to a date that is 30 calendar days following the date a press release is issued by the company announcing the reduced warrant terms, without further notification made by the company.
The issuance of units to a person holding more than 10 per cent of the common shares of Visionstate constitutes a related-party transaction in accordance with TSX Venture Exchange Policy 5.9 -- Protection of Minority Security Holders in Special Transactions, which incorporates Multilateral Instrument 61-101. The offering will be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101. In particular, Visionstate has determined that the exemptions set out in paragraphs (a) and (b) in Section 5.5 of MI 61-101 are applicable, since the aggregate consideration to be paid by the related parties will not exceed 25 per cent of the market capitalization of Visionstate and Visionstate is not listed on the Toronto Stock Exchange, but only on the TSX Venture Exchange. In addition, regarding the minority shareholder approval exemptions, the independent directors have determined that the exemptions set out in paragraphs (1)(a) and (b) in Section 5.7 of MI 61-101 are applicable in that the aggregate consideration to be paid by the related parties will not exceed 25 per cent of the market capitalization of Visionstate, the distribution of the securities to the related parties will have a fair market value of not more than $2.5-million and Visionstate is not listed on the Toronto Stock Exchange, but only on the TSX Venture Exchange.
The net proceeds from the sale of units will be used by the company toward the development and rollout of ViCCi 2.0, an artificial intelligence (AI) application designed to enhance customer service, for marketing and sales initiatives of the Wanda technology to global markets, and for general operating capital.
Pursuant to applicable Canadian securities laws, the common shares and warrants comprising the units are subject to a four-month hold period from the time of closing of the offering.
About Visionstate Corp.
Visionstate is a growth-oriented company that invests in the research and development of promising new technology in the realm of the Internet of Things (IoT), big data and analytics, and sustainability. Through Visionstate IoT Inc., it helps businesses improve operational efficiencies, reduce costs and elevate customer satisfaction with its state-of-the-art devices that track and monitor guest activities and requests. The footprint of its Wanda smart device now extends to hospitals, airports, shopping centres and other public facilities across and beyond North America. Through building up a collection of synergistic technologies, Visionstate will continue to innovate, reduce environmental impact and transform consumer experiences.
The Power Play by The Market Herald Releases a New Interview with Visionstate Corp Discussing Their Latest News
https://stockhouse.com/news/press-releases/2023/07/06/visionstate-and-nedlabs-join-forces-to-revolutionize-people-counting-with-time
Visionstate and NEDlabs Join Forces to Revolutionize People Counting with Time-of-Flight Sensors
Edmonton, Alberta - TheNewswire - July 6, 2023 - Visionstate Corp. (TSXV:VIS) (“Visionstate” or the “Company”) Visionstate IoT Inc., a pioneer in IoT (Internet of Things) technology for facility management, and NEDlabs (NEDlabs.ca), a leading provider of industrial IoT and builder of smart home solutions, are proud to announce their collaboration on a cutting-edge project that will change the way people counting is performed. The project involves the integration of NEDsense Time-of-Flight (“ToF”) sensors, developed by NEDlabs, into Visionstate’s Wanda platform which tracks cleaning and maintenance activities in public and private facilities.
People counting is a critical aspect of many industries, including retail, hospitality, and events management, as it helps businesses to understand foot traffic and make data-driven decisions. The current methods of people counting, such as infrared sensors and video cameras, can be expensive, unreliable, and provide inaccurate results. With the integration of NEDsense ToF sensors, Visionstate is aiming to provide a more accurate solution that will help businesses make more informed decisions.
"We're thrilled to be collaborating with NEDlabs on this exciting project," said Shannon Moore, President of Visionstate IoT Inc. "By integrating time of flight sensors into our platform, we can provide our customers with a more accurate and reliable solution for people counting. This will have a significant impact on the way businesses operate and make data-driven decisions."
The ToF sensors use advanced technology to measure the time it takes for a light signal to travel from the sensor to the target and back, providing a highly-accurate measurement of distance. This technology has been proven to provide accurate results even in challenging environments, such as crowded spaces or areas with high levels of ambient light.
"We're moving quickly with NEDlabs on this project," said Moore. "The NEDsense Time-of-Flight sensors are at the forefront of sensor technology, and we're confident that their integration into our platform will provide a game-changing solution for people counting."
Visionstate is investing further into connected sensors which will expand the Company’s customer base while offering a larger suite of products.
About NEDlabs
NEDlabs is a leading provider of industrial IoT and builder of smart home solutions, offering a wide range of products and services designed to make systems more effective, convenient, and intelligent. With a focus on innovation, speed to market, and customer satisfaction, NEDlabs is committed to providing the best solutions for its clients.
About Visionstate Corp.
Visionstate Corp. (TSXV: VIS) is a growth-oriented company that invests in the research and development of promising new technology in the realm of the Internet of Things, big data and analytics, and sustainability. Visionstate IoT Inc. is a wholly-owned division of Visionstate Corp. Through Visionstate IoT Inc., it helps businesses improve operational efficiencies, reduce costs and elevate customer satisfaction with its state-of-the-art devices that track and monitor guest activities and requests. The footprint of its WANDA™ ™ smart device now extends to hospitals, airports, shopping centres and other public facilities across and beyond North America. Through building up a collection of synergistic technologies, Visionstate Corp. will continue to innovate, reduce environmental impact and transform consumer experiences.
Issued on behalf of the Board of Directors,
“John A. Putters”
Visionstate Corp.
To learn more, please contact:
Visionstate IoT Inc.
Shannon Moore, President
Email: shannon@visionstate.com
Tel: 780-425-9460
CHF Capital Markets
Kathy Chapman
Email: kc@chfir.com
Tel: 416-868-1079 x 234
Twitter: @visionstate
Facebook: @visionstate
LinkedIn: Visionstate Corp.
As we await the next update from Visionstate Corp on June 27th, I decided to go back to an earlier video at the start of 2023 to compare notes with the most recent video update. A lot of dialogue is identical, so the message is transparent and accurate coming from management. Things are going to change dramatically in July and the corporation should be profitable going forward.
Here is a link to that video and some notes with it, as stated by the CEO or President:
March 27, 2023 Corporate Video With Notes. Next one will be June 27, 2023.
February 2023 Analyst Report On Visionstate:
https://static1.squarespace.com/static/61a6a56242b8840d9e1b49db/t/63e69c6c19a20621c2f849b2/1676057708819/Research+Note+on+Visionstate+Corp.+By.+Ed+Vranic.pdf
Business Overview Visionstate Corp. is a publicly traded company listed on the Toronto Venture Exchange (TSXV: VIS). The Company has two operating divisions which are wholly owned subsidiaries of Visionstate Corp., including Visionstate IoT Inc., which is focused on Internet of Things applications for facility management, and Next Vision IoT Inc., a company formed in 2021 to conduct development of related IoT applications, including integrating conversational artificial intelligence for customer service in brick-and-mortar environments. Visionstate Corp. has also invested in privately held companies which are synergistic with its operating divisions, including Sol Spaces Inc. (formerly Exceed Solar Inc.) and Freedom Cannabis Inc.
Visionstate IoT Inc. develops and markets technology under the brand name "Wanda" for tracking and monitoring cleaning and maintenance activities in diverse environments such as hospitals, airports, office buildings, schools, and shopping centers. Branded under the name "Wanda," the technology was originally designed to track cleaning activities in restrooms using industrial touchscreen tablets mounted on the exterior of the restroom
In fiscal year 2022, Visionstate IoT Inc. focused on market expansion for the mobile version of its Wanda technology, known as WandaMOBILE. This mobile app served as a complete facility management tool, enabling tracking of any location or item within and outside a facility. In March 2023, the WandaMOBILE app underwent a significant upgrade, expanding its functionality. With the ability to utilize QR codes or NFC tags, the software can now track a wide range of assets and items beyond cleaning protocols. This upgrade allows for enhanced tracking and monitoring capabilities, offering a versatile solution for facility managers.
Moreover, Visionstate Corp. made investments in artificial intelligence (AI) and has integrated AI capabilities into the Wanda platform. The introduction of AI enhances the functionality of Wanda, enabling advanced analytics, predictive maintenance, and intelligent insights for facility management. The integration of AI technology further strengthens Visionstate IoT Inc.'s offering and positions the company at the forefront of innovation in the facility management space.
Wanda is sold as a software-as-a-service (SaaS) solution through the company's global distribution partner. With no upfront hardware costs for WandaMOBILE, the technology can be deployed rapidly across various environments. The low deployment costs and maintenance fees contribute to a margin of approximately 90% for WandaMOBILE. The mobile app has been well-received in the market, and based on user feedback, new features have been developed, including audit capabilities, work orders, task assignments for cleaning staff, and scheduling of cleaning events.
The Wanda platform, with its upgraded mobile app and AI integration, offers a comprehensive solution for facility management needs. By utilizing QR codes or NFC tags, the software can efficiently track a wide range of assets and items, providing facility managers with granular insights and actionable data. Visionstate IoT Inc. continues to focus on expanding its market presence and meeting customer demands, offering cutting-edge technology and innovative solutions for facility management.
Next Vision IoT Inc., a wholly owned subsidiary of Visionstate Corp., specializes in research and development of products based on IoT and conversational artificial intelligence (AI). The company's flagship project is ViCCi 2.0, an interactive customer service application for physical locations. The new version incorporates motion detection and sound-sensitive microphones to enhance customer interaction. Next Vision IoT partnered with Fluido.ai Inc. to provide the conversational AI platform. The company has also developed IoT sensors for the agricultural sector, including the cannabis industry, to measure environmental conditions and optimize performance. The technology is being tested and will be deployed in greenhouses in the second quarter of 2023.
Visionstate Corp. has invested in Sol Spaces Inc. (formerly Exceed Solar Inc.) by way of interest-bearing convertible debentures. According to the terms of the debentures, Visionstate Corp. can convert the debt for 40% of the outstanding equity in Sol Spaces Inc. Sol Spaces Inc. is a company focused on smart building envelopes that incorporate sustainable building materials, solar energy, and IoT technology designed to monitor the performance of the building. In October 2021, the company launched its prototype greenhouse at the University of Alberta with a 2.4 kW/h solar kit. The university is using the greenhouse to carry out research and testing into IoT technology in measuring environmental conditions.
Visionstate Corp. owns approximately 3.5 million equity shares in Freedom Cannabis Inc., a privately held company located in Edmonton, Alberta. Freedom Cannabis is a vertically integrated business that includes licensed production, licensed retail, packaging, and extracts. The company has collaborated with Next Vision IoT, a wholly owned division of Visionstate Corp., to implement WandaMOBILE to track cleaning activities.
Visionstate Corporation ( Technology & AI ) – TSXV: VIS – OTCQB: VSSSF
Visionstate Corp. (TSXV: VIS) is a growth-oriented company that invests in the research and development of promising new technology in the realm of the Internet of Things, big data and analytics, and sustainability. Visionstate IoT Inc. is a wholly-owned subsidiary of Visionstate Corp. Through Visionstate IoT Inc., it helps businesses improve operational efficiencies, reduce costs, and elevate customer satisfaction with its state-of-the-art devices that track and monitor guest activities and requests. The footprint of its WANDA(TM) smart device now extends to hospitals, airports, shopping centres, and other public facilities across and beyond North America. Through building up a collection of synergistic technologies, Visionstate Corp. will continue to innovate, reduce environmental impact, and transform consumer experiences.
The company will have completed another private placement by the middle of July, giving them over $1 million in working capital. A vast majority of participants this year have been management, and a major new shareholder, which can all be seen on any insider trading website. Currently they own 45,559,338 common shares or 31.2% of the entire float. Current market cap is just over $4 million CAD.
Most recent news release:
Visionstate Corp. Announces Unit Private Placement for US Expansion and AI Development
https://www.thenewswire.com/press-releases/1k98Fvl77-visionstate-corp-announces-unit-private-placement-for-us-expansion-and-ai-development.html
Recent Video:
Visionstate continues to launch WANDA in new markets
18 May 2023 06:00(EDT)
https://themarketherald.ca/visionstate-continues-to-launch-wanda-in-new-markets-2023-05-18/
Join us for an InvestorTalk.com with Shannon Moore from Visionstate Corp. (TSXV: VIS) on Tuesday, June 27, 2023, from 9-920 AM EST.
https://investorintel.com/events/investortalk-com-with-shannon-moore-from-visionstate-corp-tsxv-vis/
Transatlantic grab samples up to 27.59 g/t Au at Miller
2023-06-14 14:46 ET - News Release
Mr. Bernie Sostak reports
TRANSATLANTIC MINING: EXTENSION AND EXECUTION OF FIRST RENEWAL TERM, NEW ASSAYS RECEIVED OF 27.6 G/T AU AT THE MILLER GOLD MINE
Following meeting the conditions of the initial term, Transatlantic Mining Corp. has now executed the first renewal term with an option to purchase by a mining royalty. The company has also opened a new winze drive, with the first grab samples taken from the lowest level uncovered in the mine. Pumping continues in this lower-level winze drive to determine the full length extent of the winze.
The Miller gold mine is located in the Broadwater county in Montana, United States. The mine is approximately 29 miles to the northeast of Townsend in Montana. The presence of gold mineralization has been confirmed by recent sampling in areas of the mine where access is possible.
Highlights
Miller mine -- lower level:
Opened up lower winze level immediately below the lower level.
First grab samples from lower-level winze -- 27.6 grams per tonne (g/t) gold (Au), visual gold has also been observed.
Extended lease agreement to first renewal term with option to purchase by production royalty.
Key components of the activity
Transatlantic has nearly completed recovering a majority of the mud on the Miller mine lower portal over the gravity table. With continued pumping, the mine has further uncovered a new lower winze drive, previously under water. This development continues to be pumped to determine the full extent of this newly opened old development.
An initial set of two samples were taken on the initial accessible floor of this lower winze development, with the assay results received as shown in the table entitled "Lower-level winze drive initial grab sample assays."
Upon access to the dewatered lower-level winze drive, 30 metres of strike is now visual on a minus-20 degree gradient with water still at the drive face. In the exposed mine development, visual gold has been observed in the wall, roof and floor.
Given the initial grab samples are encouraging with gold and the visual aspect, further in situ samples will be taken for assay once the water has been cleared to the end of the drive.
Mud over the gravity table was suspended during the poorer weather conditions until warmer weather conditions prevail. Weather has now improved and the trial processing activities will recommence once assays are received from the laboratory on the muds. Trial processing of some hard rock samples will be undertaken in the near future for gravity extraction analysis as the company sources suitable pulverizing equipment.
About the Miller mine and claim group
Transatlantic has access to the upper and lower level of the mine. The Miller mine is situated amongst patented and unpatented claims at an elevation of 1,920 m (6,400 feet) and accessible by roads 50 miles from Helena, Mont.,U.S. Should mining occur at any time, an 8.5-per-cent royalty on ounces is to be paid. During the term of the agreement, the company may purchase the property for $4.5-million (U.S.), less the royalty payments made above, with a perpetual 1-per-cent NSR (net smelter return) to the vendor thereafter.
The gold and silver mineralization generally occurs on the contacts of sediments and igneous intrusive with native gold and sulphides, including pyrite, often observed amongst the four known adits located on the property.
"The extraordinary efforts of the historical miners in developing a declined winze at steep angles is testament to the belief that gold is still there. The first samples from this lower winze drive indicate good gold grades that will be followed up further. To see gold in the first instance is a good indicator for more gold," commented Bernie Sostak, chief executive officer of Transatlantic Mining.
Qualified person
Aslam Awan, PhD, MAusIMM (CP Geo), is the qualified person pursuant to National Instrument 43-101, and has reviewed only the technical information contained in this news release. Mr. Awan is the principal for AAA Geo Consultants.
The new rock chip samples are grabs from the winze level drive were of five kilograms in weight. The samples were crushed in whole to plus 70 per cent passing two millimetres, and then split and pulverized with analysis for gold and silver at the Christofferson Laboratory, Smelterville, Ida., U.S. The laboratory is an independent assay and umpire laboratory that follows industry techniques. The samples, after being pulverized are analyzed with a 15-gram to 30 g fire assay charge were gravimetrically finished.
About Transatlantic Mining Corp.
Transatlantic Mining is an emerging precious and base metal explorer. The company has a focus on converting projects into mines within stable mining jurisdictions. The company currently has property interests, including an 80-per-cent joint venture position on the Monitor copper-gold project in Montana-Idaho (U.S.) and 100 per cent of the Golden Jubilee gold project with its associated mining rights. The company has an extended lease, right to mine and purchase arrangement for the Miller gold mine in Montana to 100-per-cent ownership, by way of payment royalty.
Aloro Mining receives 30-day extension for financing
2023-05-24 11:17 ET - News Release
Mr. Thomas Doyle reports
ALORO ANNOUNCES EXTENSION OF PRIVATE PLACEMENT
The TSX Venture Exchange has granted a 30-day extension to Aloro Mining Corp. for completion of its non-brokered private placement, previously announced in its news releases of March 20, 2023, and May 9, 2023.
The terms of the Offering provide for the issuance of up to 10,000,000 units (each, a "Unit") at a price of $0.05 per Unit for gross proceeds of up to $500,000. Each Unit consists of one common share in the capital of the Company (each, a "Share") and one common share purchase warrant (each, a "Warrant"). Each Warrant is exercisable into one additional Share at a price of $0.15 per Share for a period of two years from the closing date. The Company closed a first tranche of the Offering on May 9, 2023 and issued an aggregate of 2,600,000 Units for gross proceeds of $130,000.
The Company intends to use the proceeds from the Offering for exploration work, including drilling on its recently acquired Quitovac Mine Project, and for general working capital purposes. Finder's fees or brokers' commissions may be paid in accordance with Exchange policies.
All securities will be subject to a four-month hold period from the closing date. The Offering is subject to Exchange approval.
About Aloro Mining Corp.
Aloro controls the 2,643.82-hectare Quitovac Mine Project located in the prolific Mojave-Sonora Megashear, where a large part of Mexico's recent gold production is derived. Aloro also controls the 3,199- hectare Los Venados Project, which is located in the central part of the Mulatos Gold District and is directly adjacent to the active Mulatos open pit mine of Alamos Gold Inc. The Los Venados is under US $5,000,000 Option agreement to Alamos Gold Inc.
American Potash appoints Besserer to board
2023-05-10 10:20 ET - News Release
Mr. Jonathan George reports
AMERICAN POTASH APPOINTS MR. DEAN BESSERER TO ITS BOARD OF DIRECTORS
American Potash Corp. has appointed Dean Besserer to the board of directors of the company.
Mr. Besserer has more than two decades of mineral exploration experience working in over 50 countries, including across much of North America and often leading projects with annual exploration budgets exceeding US$20 million. Mr. Besserer was previously Vice-President and Partner at APEX Geoscience Ltd., a consulting firm with offices in Canada, South America and Australia, with clients including BHP Billiton, De Beers, North Country Gold and Kaminak Gold. In addition, Mr. Besserer previously served as a director of Brilliant Mining, Niblack Resources, Sentosa Mining and VP Exploration for various junior mining companies. He is a Professional Geologist and a "Qualified Person" as defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101").
Jonathan George, President and CEO comments, "I'm extremely pleased to have Dean join our Board of Directors at this critical and exciting juncture in the growth of our Company. His extensive experience and expertise will be invaluable as we advance our Green River Potash and Lithium Project, and I look forward to working with him over the upcoming years."
The Company also announces that it has granted 500,000 incentive stock options exercisable at a price of $0.075 for a period of 5 years from the date of grant.
About the Green River Potash and Lithium Project
A Technical Report prepared in accordance with NI 43-101 by Agapito Associates Inc. states that the Green River Potash and Lithium Project hosts an Exploration Target estimated to contain 600 million to 1 billion tons of sylvinite grading between 19% to 29% KCL*.
This target was modelled utilizing gamma-log data from 33 historical oil and gas wells within and near the project area, and based on a specific stratigraphic horizon know as Cycle 5. This is one of the same horizons that Intrepid Potash Inc. (NYSE-IPI), America's largest potash company, produces from at their nearby Moab solution mine, providing strong evidence of stratigraphic continuity within this part of the Paradox Basin.
The Company holds a 100% interest in eleven State of Utah (SITLA) mineral and minerals salt leases covering over 7,000 acres, 128 Federal lithium brine placer claims covering 2,650 acres, and is in the final stages of the application process for 11 Federal (BLM) Potash Exploration permits comprised of approximately 25,000 acres.
Significantly, three of the State leases and a large area covered by the Federal (BLM) Potash Permit applications lie within or border an area designated for future potash and brine and processing, including energy efficient solar evaporation ponds.
Located only 20 miles northwest of Moab, Utah, the Project has significant logistical advantages including close proximity to major rail hubs, airport, roads, water, towns and labour markets.
The U.S. imports more than 90% of its annual potash requirements, and domestic producers receive a higher sales price due to proximity to market; as of March 31st, 2023, the muriate of potash price was quoted at $453 USD per tonne (fob Vancouver) - Intrepid Potash, America's largest potash producer, reported receiving an average realized price for potash of $713 USD per ton in 2022**.
Kent Ausburn, PhD, PG, a qualified person within the meaning of NI-43-101 and a director of the Company, has reviewed and approved for the technical details of this release.
*Agapito Associates Inc. Technical report (October 2012) quantifies the Green River Potash Project's potash exploration potential in the form of a NI 43-101 Exploration Target. The Exploration Target estimate was prepared in accordance with the National Instrument 43-101 -Standards of Disclosure for Mineral Projects ("NI 43-101"). It should be noted that Exploration Targets are conceptual in nature and there has been insufficient exploration to define them as Mineral Resources, and, while reasonable potential may exist, it is uncertain whether further exploration will result in the determination of a Mineral Resource under NI 43-101. The Exploration Target stated in the Agapito Report is not being reported as part of any Mineral Resource or Mineral Reserve.
**Intrepid Potash Inc. Press Release March 6th ,2023
Aloro Mining closes $130,000 first tranche of financing
2023-05-09 15:50 ET - News Release
Mr. Thomas Doyle reports
ALORO ANNOUNCES CLOSING OF FIRST TRANCHE OF PRIVATE PLACEMENT
Aloro Mining Corp. has completed a first tranche of its previously announced non-brokered private placement, as described in its news release dated March 20, 2023, pursuant to which it has issued an aggregate of 2.6 million units at a price of five cents per unit for gross proceeds of $130,000. Each unit consists of one common share in the capital of the company and one common share purchase warrant. Each warrant is exercisable into one additional share at a price of 15 cents per share for a period of two years from the closing date. The company has received an extension from the TSX Venture Exchange until May 18, 2023, to close a second tranche, which the company expects to close shortly.
The company intends to use the proceeds from the offering for exploration work, including drilling on its recently acquired Quitovac mine project, and for general working capital purposes.
The company paid a cash finder's fee of $7,350 and issued 147,000 broker warrants to one finder in connection with the offering. The broker warrants entitle the holder to purchase one additional share at a price of five cents for a period one year from the closing date.
The securities issued under the offering and the shares that may be issuable on exercise of the warrants and the broker warrants are subject to a statutory hold period expiring four months and one day from the date of closing.
About Aloro Mining Corp.
Aloro controls the 2,643.82-hectare Quitovac mine project, located in the prolific Mojave-Sonora Megashear, where a large part of Mexico's recent gold production is derived. Aloro also controls the 3,199-hectare Los Venados project, which is located in the central part of the Mulatos gold district and is directly adjacent to the active Mulatos open-pit mine of Alamos Gold Inc. The Los Venados is under a $5-million (U.S.) option agreement to Alamos Gold.
Aloro Mining signs formal documentation for Quitovac
2023-05-08 07:13 ET - News Release
Mr. Thomas Doyle reports
ALORO SIGNS THE FORMAL DOCUMENTATION IN MEXICO TO ACQUIRE THE HISTORIC QUITOVAC MINE PROJECT
Aloro Mining Corp., through its Mexican subsidiary, Exploraciones Aloro SA de CV, has signed the formal documentation, in Mexico, with Cuesta Del Cobre S De RL De CV of Hermosillo, Sonora, Mexico, to acquire 100 per cent of the Quitovac gold mine project.
The Mexican agreement has been signed by representatives of both Exploraciones and Cuesta Del Cobre, notarized, and will be filed with the Registro Publico de Mineria, Mining Public Registry. The agreement will govern the terms of the mining exploration and exploitation contract, and the mineral rights assignment contract. This agreement is defendable in accordance with Mexican laws.
The Quitovac gold mine project consists of 14 mineral concessions that cover 2,643.82 hectares of highly prospective geological units for gold mineralization. The Quitovac mineralized area is classified with the other orogenic shear zone gold deposits of the region, including the gold mines of Mesquite, La Choya (eight kilometres south), La Herradura (35 km south, produced over 425,288 ounces gold in 2020), San Francisco and El Chanate. All these gold deposits are similar in character and are stated to be part of the Mojave-Sonora megashear.
Thomas A. Doyle, president, chief executive officer, stated, "The filing of this agreement in Mexico strengthens Aloro's position with the Quitovac mine project."
About Aloro Mining Corp.
Aloro controls the 2,643.82-hectare Quitovac mine project located in the prolific Mojave-Sonora megashear, where a large part of Mexico's recent gold production is derived. Aloro also controls the 3,199-hectare Los Venados project, which is located in the central part of the Mulatos gold district and is directly adjacent to the active Mulatos open-pit mine of Alamos Gold Inc. The Los Venados is under $5-million (U.S.) option agreement to Alamos Gold.
Q4 results are out and the company still has $4.5 million in working capital (see results on Sedar).
Below are some updates from the recent management discussion.
The Company’s main activities are summarized below on the Projects:
As of December 31, 2022:
Miller Mine: Drill planning and permitting
• Historical Hole Jericho DD Hole # 1 -- 2.4 m at 516 g/t Au
Hole # 2 -- 1.5 m at 8.6 g/t Au
New Drill permit submitted and drilling on hold until approval received at Jonnie Gulch Adit
• Lower Level Development Portal security erected and completed
• Pumping Lower Level Down
• A gravity concentrate of the tails and mid tails have been sent to a third party for further
extraction kinetics and analysis. Awaiting assays.
Golden Jubilee Mine (100%): Drilling and additional permitting in progress
• A 10 hole drilling program using Reverse Circulation completed to follow up Phase 1
drilling. Awaiting Assays
• Previous 2014 Bulk mine development sample represented on vein + 100 m long and 2.0 m
wide which averaged 10,000 tonnes at a mined and processed grade of 9.00 g/t Au.
• Existing Decline development infrastructure and horizontal access of 200 m to an existing
vertical depth of 50 metres.
• Water Consultants for Mine Water Discharge Permit in progress.
• Existing plus 37 drillholes database indicating vein open along strike and down dip.
• A geophysical program has been partially completed to identify new targets and extension.
Monitor Copper /Gold Project: Transatlantic at 80% Joint Venture ownership with earn in option
to 100%
• The main targets to access and review further are the Big Elk with surface subcrop samples
of 30 % Copper in chalcopyrite and the Monitor/Richmond high grade 6-15% Copper
grades with associated gold in a Structural Vein target setting.
• Drill permit and Bond placed for Big Elk Drilling 12 month permit
Business Development: The Company advancing existing projects technically with new drilling and access to new reports.
On July 4, 2014, the Company entered an agreement with an unrelated third party (Andy Well Pty Ltd) to dispose of its Gnaweeda Gold Project, comprising interests in five tenements in Western Australia. Some milestone payments have been paid and reported previously. The Company is further entitled to receive AUD$250,000 for every consecutive 50,000 ounces of poured gold sourced from the property, capped at 200,000 ounces of poured gold for a total of AUD$1,000,000. On September 24, 2020, the Company closed the sale of U.S. Grant Mine and Mill and lease assignment for the Kearsarge Gold project (the “assets”) including the property and equipment located in the assets.
OVERALL PERFORMANCE / DISCUSSION OF OPERATIONS
Monitor Property
The Company has focused and now received the 12-month drill permits for drill programs and metallurgical testing of mineralized rock at the Big Elk Copper Prospect. At December 31, 2022, the Company has refundable performance bonds of $54,065. Drilling Contractors are being sourced for the Summer of 2023.
Miller Mine Gold Project
A new Winze has been identified on pumping down the Lower Level which will be part of a future sampling campaign once dry. The Winter has been set up with transporting the gravity table into the Lower Level of the mine to run the muds over it.
New drilling and sampling is planned on the Lower Level development once the Lower Level and Winze drive are pumped out and cleared.
Golden Jubilee Property
The Golden Jubilee Gold Project, had a 50 line and 50 metre spaced Geophysical Land Survey partially completed. This ground survey was undertaking IP (Induced Polarisation) and resistivity data collection of 5,000 line metres in total. To date, the initial data survey has identified new targets and extensions outside the current mine footprint to 1 kilometre in strike.
A follow up to the next stage of work will be completed once new assays are received and water permit received. Dewatering Discharge permits have been drafted for submission to the receiving government bodies.
Business Development
The Company continues its activities with focus on the Miller Mine, Monitor Mine and Golden Jubilee Property. In addition, reviewing technical considerations to evaluating other projects and to maximize the technical value of these high grade Gold and Copper Projects. The Company is reviewing surface diamond drill machines for future owner deep drilling and will utilize its own fleet and contractors as best resource which becomes available.
American Potash signs new Green River option with LiK
2023-04-17 10:01 ET - News Release
Mr. Jonathan George reports
AMERICAN POTASH SIGNS NEW OPTION AGREEMENT ON ITS GREEN RIVER POTASH AND LITHIUM PROJECT, PARADOX BASIN, UTAH
American Potash Corp. has entered into a new option agreement with LiK Resources LLC, a private Houston-based exploration company, on its Green River potash and lithium project, located in the Paradox basin in Utah.
The Option Agreement replaces the previous option agreement entered into by the Company and LiK on December 17, 2021. To earn a 70% interest in the Project, LiK must now:
make cash payments of $150,000 (USD) (received).
advance $3 million USD to the Company by April 28, 2023, to be used exclusively for permitting and drilling the first exploratory well under the supervision of a mutually agreed upon top-tier industry consultant.
complete two separate Pre-Feasibility Studies; one for lithium and one for potash, evaluating a minimum of six mineral leases or claims within the Project by December 31, 2024.
commission a valuation of the Project by an independent, mutually agreed upon third-party, to be delivered 90 days from the completion date of the Pre-Feasibility Studies; and
in the event LiK is a publicly traded company with a market capitalization of more than one hundred million dollars ($100 million USD), transfer one million dollars($1millionUSD) worth of its common shares to the Company within forty-five days of completion of the Pre-Feasibility Studies and valuation of the Project.
Following completion of the above requirements, LiK will be deemed to have earned a 70% interest in the Project. LiK may then elect to acquire the remaining 30% from the Company by making a cash payment based on the valuation, within 90 days of the date of its completion. If LiK does not elect to purchase the remaining 30%, the parties will then enter into a joint venture to further develop the Project.
The Option Agreement applies only to the Company's 11 State of Utah mineral leases and 128 Federal placer mining claims, and excludes areas subject to the Potash Permit Applications which are currently under final review by the BLM (Bureau of Land Management).
Upon receipt of the $3million USD advance referred to above, the Company intends to immediately commence discussions with select consultants to obtain quotes for managing, supervising and drilling the first exploratory well The first well which the parties have agreed to drill is referred to as Duma Point and is located approximately a half mile west of an historical oil and gas well which indicated a potash interval of 5.9 meters with a composite grade of 24% KCL from gamma-log data. Drilling is anticipated to begin within the next four months.
About the Green River Potash and Lithium Project
A NI 43-101 Technical Report by Agapito Associates Inc. states that the Green River Potash and Lithium Project hosts an Exploration Target estimated to contain 600 million to 1 billion tons of sylvinite grading between 19% to 29% KCL*.
This target was modelled utilizing gamma-log data from 33 historical oil and gas wells within and near the project area, and based on a specific stratigraphic horizon know as Cycle 5. This is one of the same horizons that Intrepid Potash Inc. (NYSE-IPI), America's largest potash company, produces from at their nearby Moab solution mine, providing strong evidence of stratigraphic continuity within this part of the Paradox Basin.
The Company holds a 100% interest in eleven State of Utah (SITLA) mineral and minerals salt leases covering over 7,000 acres, 128 Federal lithium brine placer claims covering 2,650 acres, and is in the final stages of the application process for 11 Federal (BLM) Potash Exploration permits comprised of approximately 25,000 acres.
Significantly, three of the State leases and a large area covered by the Federal (BLM) Potash Permit applications, lie within or border, an area designated for future potash and brine and processing, including energy efficient solar evaporation ponds.
Located only 20 miles northwest of Moab, Utah, the project has significant logistical advantages including close proximity to major rail hubs, airport, roads, water, towns and labour markets.
The U.S. imports more than 90% of its annual potash requirements, and domestic producers receive a higher sales price due to proximity to market; as of March 31st,2023, the muriate of potash price was quoted at $562.50 USD per tonne (fob Vancouver) - Intrepid Potash, America's largest potash producer, reported receiving an average realized price for potash of $713 USD per ton in 2022***.
Kent Ausburn, PhD, PG, a qualified person within the meaning of NI-43-101 and a director of the Company has reviewed and approved for the technical details of this release.
We seek Safe Harbor.
Transatlantic drills 6 m of 13 g/t Au at Golden Jubilee
2023-04-13 15:59 ET - News Release
Mr. Bernie Sostak reports
TRANSATLANTIC MINING: DRILLING RESULTS AT THE GOLDEN JUBILEE MINE INCLUDE AN INTERSECTION OF 6.1 M AT 13.1 G/T AU
Transatlantic Mining Corp. has released assay results from the most recent drilling program. The drilling at the Golden Jubilee mine consisted of 10 reverse circulation holes for a total of 2,000 metres. This mine is located in Granite county, Montana, United States. The results from this drilling program confirm that the mineralized structure continues downdip and along strike from mineralization, which has been either mined previously or delineated by earlier drilling.
Highlights
New drill results:
Drill hole No. 2201:
9.1 metres at 7.8 grams per tonne gold from 64-metre depth (8.0-metre true width) (including 1.5 metres at 16.11 g/t Au);
6.1 metres at 5.5 g/t Au from 86.9-metre depth (5.5-metre true width);
Drill hole No. 2203:
6.1 metres at 13.1 g/t Au from 111.3-metre depth (6.0-metre true width) (including 3.0 metres at 17.3 g/t Au).
Drilling
The company has completed its inaugural drilling campaign into the Golden Jubilee deposit and is reporting the available assay results from the 10 holes drilled. These are shown in an attached table. The company was fully financed to complete this program and has funds available to undertake follow-up additional work. The mineralization has been intersected downdip and along strike of existing drill holes and underground workings. There is also further evidence that there are an additional two mineralized zones in the footwall and hangingwall of the targeted Golden Jubilee mineralized structure. These outcomes provide encouragement to undertake more drilling to follow up on several geophysical targets which indicate that the mineralized structure extends for up to an additional one kilometre of strike. New exploration drill permits will be sought to facilitate this drilling. The company is also evaluating the current water and operating permits with the relevant government departments. The gold mineralization intersected by the reverse circulation drilling is associated with a shear-hosted iron quartz, sulphide-rich replacement zone.
Some characteristics of the mineralization and drill program include:
Drilling indicates that it is shallow, between 30 and 240 metres from surface.
The contacts to the mineralization are in competent marblized limestones.
The mineralized zones are visibly distinct.
It occurs in multiple parallel mineralized structures.
"The first phase of drilling and results continue to support the presence of mineralization below the lowest mine level. There is rising confidence in parallel mineralized zones that will require additional drilling. Not only does the main zone at the Golden Jubilee continue, but recent geophysics has highlighted targets and offsets one kilometre along strike. This information with existing high-grade production and processing information will support and develop our model of the high-grade and exploration structures further," commented Bernie Sostak, chief executive officer of Transatlantic.
Recent reverse circulation drill assay results for gold at greater than 3.0 g/t Au
About Golden Jubilee
The 22 Golden Jubilee claims are situated in Granite county, Montana, United States, and have had a number of previous owners. There have been only limited exploration and mining on the regional Red Lion (vein) line trend, which is known to continue over a regional strike of seven kilometres in length. The Golden Jubilee mine is located in mountainous country at an elevation of approximately 2,350 m.
Historical production
Although some mining occurred prior to the year 2000, there are limited production records in existence. An attached table contains the results from a bulk sample taken in 2000 and the more recent 10,000-tonne parcel mined over a five-month period in 2014.
Historical drilling
Previous exploration drilling has included 37 holes drilled prior to 2013, where the gold mineralization and vein had been observed to be approximately 2.5 m wide with an 80-degree dip. Enrichments and wider mineralization widths have been observed on geological cross-structures striking at an obtuse angle to the Red Lion vein trend.
Review by qualified person*
Aslam Awan, PhD, MAusIMM (CP geo), is the qualified person pursuant to National Instrument 43-101 for having reviewed only the technical information contained in this news release. Mr. Awan is the principal for AAA GeoConsultants.
* The new reverse circulation drill samples were crushed in whole to plus 70 per cent passing two millimetres and then split and pulverized with analysis for gold and silver at the Christofferson laboratory, Smelterville, Idaho, United States. The laboratory is an independent assay and umpire laboratory that follows industry techniques with blanks and standards inserted on batches of 25. The samples are pulverized and analyzed with a 15- to 30-gram fire assay charge and a gravimetric finish. True widths were estimated based on the dip cross-section width of the mineralization at a 1.0 g/t Au cut-off. An attached table sets out historical holes drilled and assayed. The company also adds a standard to determine any assay bias.
Further announcements will be made in regard to the activities as they transpire.
About Transatlantic Mining Corp.
Transatlantic (TSX Venture Exchange: TCO) is an emerging precious and base metal explorer. The company has a focus on converting projects into mines within stable mining jurisdictions. The company currently has property interests, including an 80-per-cent joint venture position on the Monitor copper-gold project in Montana-Idaho (United States) and 100 per cent of the Golden Jubilee gold project with its associated mining rights. The company has also a lease to purchase arrangement for the Miller gold mine in Montana to 100-per-cent ownership.
MLK Gold Ltd. Announces Corporate Name Change to Triple One Metals
2023-04-13 05:15 ET - News Release
Windsor, Nova Scotia, CANADA, April 13, 2023 (GLOBE NEWSWIRE) -- MLK Gold Ltd. (CSE:MLK) (“MLK Gold” or the “Company”) announces that it will change its corporate name to “Triple One Metals Inc.” and its ticker symbol will change to “TONE”. The new corporate website www.tripleonemetals.com will launch in the upcoming days.
The change in corporate name better reflects the Company’s diverse property portfolio.
The Company will issue a further press release soon providing the date on which the new name and ticker symbol will take effect. The name change will not affect the rights of the Company’s shareholders, and no further action is required by existing shareholders with respect to the name change.
The Company is pleased to announce an application is being made to quote the Company’s common shares on the Frankfurt Stock Exchange. The Frankfurt Stock Exchange is one of the world’s largest (behind only the Nasdaq and NYSE) organized exchange-trading markets based on trading volume.
The future quotation of the Company’s common shares on the Frankfurt Stock Exchange in addition to the CSE will heighten exposure of the Company in the European marketplace, which features an investor base traditionally active in the junior mining sector. The Company is confident that trading on the Frankfurt Stock Exchange will increase its liquidity and support the development of a stronger European investor base.
About MLK Gold Ltd.
Founded in 2018, MLK Gold Ltd. is quickly emerging as one of Atlantic Canada's exciting resource exploration companies offering exposure to gold and the strategic metal representing a unique mix of discovery and resource development potential. Invested in a portfolio of gold and critical metal projects in mining and mineral-rich Newfoundland, MLK’s plan is to capitalize on the province's ranking as one of the world’s top 10 mining jurisdictions and expand into a long-life, financially sound gold and critical metal-mining company.
Additional information about the Company and its activities may be found on the Company’s website at www.mlkgold.com and under the Company’s profile at www.sedar.com.
For additional information or to arrange an interview, please contact:
William (Bill) Fleming
Executive Chairman, MLK Gold Ltd.
59 Payzant Drive
P.O. Box 657, Windsor
Nova Scotia, Canada, B0N 2T0
Phone: 902.448.0716
Email: Bill.fleming@manewagi.com
March Update - https://webfiles.thecse.com/2023_03_31_CNSX_Form_7_MLK_March_2023.pdf?pAcNic17JTXj5Y1ZJrLtIXS.mj8SyQ41
Month Ending March 31, 2023
MLK Gold Ltd. (“MLK” or “MLK Gold” or the “Company”) assisted Manning Elliott in completing its Annual Financial Audit. Financial Statements and Management Discussion and Analyses were filed on Sedar
The Company also completed its $0.03 financing for total proceeds of $244,392.00 while issuing 8,146,400 common shares and 8,146,400 warrants, each of which warrants may be exercised to acquire an additional common share at a price of $0.05 per share until March 17, 2024.
MLK finalized its plans to commence field exploration on May 17, 2023. Permit applications to carry out exploration were submitted in mid-March and approvals were received near the end of the month. This work will be helicopter assisted to minimize delays in getting into more remote areas. Work will proceed on both the Company’s lithium and gold assets in Newfoundland.
Aloro Mining hires Quitovac project geologist
2023-04-03 06:39 ET - News Release
Mr. Thomas Doyle reports
ALORO CONTRACTS PROJECT GEOLOGIST FOR QUITOVAC
Aloro Mining Corp. has contracted Francisco A. Lopez as project geologist for the Quitovac gold mine project in Sonora, Mexico. Quitovac is located in the prolific Mojave-Sonora Megashear.
Francisco Antonio Lopez (Francisco) is a professional geologist and is a graduate of the University of Sonora. He has more than 30 years experience in the mining industry throughout Mexico.
Francisco is an exploration geologist with experience in all types of geological settings including low and high sulfidation of precious metals, skarns, copper porphyry, stratiform deposits, etc. in several states in Mexico. He has direct experience in the Mojave-Sonora Megashear with orogenic shear zone gold deposits of the region, like Quitovac, including the neighboring gold mine of La Choya (8kms south), where he worked 1986-1987 and again in 1992 for Cobre de Hercules (Anaconda Copper).
Francisco has technical knowledge of all stages of mining exploration including planning, execution, evaluation, logistics, approvals, environmental procedures, supervision and managing of personnel. He is also experienced in community relations and social environments.
Thomas A. Doyle, President, CEO, stated "We welcome Francisco to the Aloro geological team with his years of experience, proven track record in planning and execution of exploration programs to advance projects. Working in collaboration with Technical Advisor, Melvin A. Herdrick, he is a key part of assembling the exploration team for Quitovac. I look forward to updates on the advancement of the project."
About Aloro Mining Corp.
Aloro controls the 2,643.82-hectare Quitovac Mine Project located in the prolific Mojave-Sonora Megashear, where a large part of Mexico's recent gold production is derived. Aloro also controls the 3,199- hectare Los Venados Project, which is located in the central part of the Mulatos Gold District and is directly adjacent to the active Mulatos open pit mine of Alamos Gold Inc. The Los Venados is under US $5,000,000 Option agreement to Alamos Gold Inc.
March 2023 Fact Sheet - https://aloromining.com/site/assets/files/5247/aloro_fact_sheet_march_2023v2.pdf
Aloro Mining Corp – TSXV: AORO | OTC: WLRMF | FWB: 4LPP
Price: $0.055 CAD - $0.015 USD – €0.024 EUR
Common Shares: 55.1 Million
Warrants: Nil
Options: 400,000 @ $0.10
Held By Management & Major Shareholders: 49%
All information found in the 2023 company presentation:
https://aloromining.com/site/assets/files/5248/aloro_mining_corp__presentation_march_2023v2.pdf
Company description:
Aloro controls the 2,643.82-hectare Quitovac mine project, located in the prolific Mojave-Sonora megashear, where a large part of Mexico's recent gold production is derived. Aloro also controls the 3,199-hectare Los Venados project, which is located in the central part of the Mulatos gold district and is directly adjacent to the active Mulatos open-pit mine of Alamos Gold Inc. The Los Venados project is under a $5-million (U.S.) option agreement to Alamos Gold.
Quitovac was acquired after the third quarter results. Year end results are to be released end of April which will have more information regarding the asset. Los Venados is a joint venture project between Aloro Mining and Alamos Gold. More information can be viewed in their March 2023 company presentation.
Recent News:
October 14, 2022 - Aloro Provides Los Venados Option Update
https://aloromining.com/news/news-releases/aloro-provides-los-venados-option-update/
January 31, 2023 - Aloro to Acquire the Historic Quitovac Mine Project
https://aloromining.com/news/news-releases/aloro-to-acquire-the-historic-quitovac-mine-project/
March 20, 2023 - Aloro Announces Private Placement
https://aloromining.com/news/news-releases/aloro-announces-private-placement-1/
Additional information regarding Quitovac from the prior land owner:
https://cdn-ceo-ca.s3.amazonaws.com/1i0u76n-Santa%20Cruz%20Annual%20Report%201996.pdf
https://cdn-ceo-ca.s3.amazonaws.com/1i0u775-Santa%20Cruz%20Gold%20NR_Qutovac%2019970225.pdf
Looks like the insiders also participated with $41k in buying. I like how the CSE breaks down where the money came from. Australian buyers took $150K and then rest is between BC and NS:
https://webfiles.thecse.com/CSE_Form_9_-_Notice_of_Issuance_of_Securities_-_Post.pdf?Gkw.OVQBHNjxHF5.OveS0IVOsSLvkGAQ
MLK Gold closes $244,392 private placement
2023-03-20 07:12 ET - News Release
Mr. William Fleming reports
MLK GOLD LTD. COMPLETES $245,000 PLACEMENT
MLK Gold Ltd. has closed a non-brokered private placement generating gross proceeds of $244,392.01 through the sale of an aggregate of 8,146,400 units at a price of three cents per unit. Each unit comprised one common share and one share purchase warrant. Each warrant entitles the holder to acquire an additional common share at a price of five cents per share until March 17, 2024. All securities issuable in the placement are subject to a four-month hold period expiring on July 18, 2023, in accordance with applicable securities laws.
No finders' fees were payable in connection with the placement. The proceeds of the placement will be utilized for exploration activities and general working capital purposes.
About MLK Gold Ltd.
Founded in 2018, MLK Gold is quickly emerging as one of Atlantic Canada's exciting resource exploration companies offering exposure to gold and the strategic metal representing a unique mix of discovery and resource development potential. Invested in a portfolio of gold projects in mining and mineral-rich Newfoundland, MLK's plan is to capitalize on the province's ranking as one of the world's top 10 mining jurisdictions and expand into a long-life, financially sound gold mining company.
We seek Safe Harbor.
American Potash cancels La Escondida project option
2023-03-16 14:27 ET - News Release
Mr. Jonathan George reports
AMERICAN POTASH CANCELS LA ESCONDIDA OPTION
American Potash Corp. will not be continuing with its option agreement on the La Escondida silver project, located in Sonora, Mexico. However, it will retain a 100-per-cent interest in the surrounding 4,000-hectare La Tortuga property and continue to maintain that concession in good standing.
Although initial results from exploration programs conducted on the La Escondida project from 2020 to 2022 (which included approximately 1,800 metres of reverse circulation drilling) were very encouraging, management has decided to focus the company's resources exclusively on its Green River potash and lithium project, located in the Paradox basin in Utah.
While we wait for financing or a joint venture deal to conclude for American Potash, I have found two other nearby companies that are also working in the area. Both have much larger market caps, despite having much smaller claims.
Pan American Energy (Area play map on page 19) - https://panam-energy.com/wp-content/uploads/2023/03/PanAm-March2023_Mar_07_2023.pdf
Anson Resources (ASX company) - https://wcsecure.weblink.com.au/pdf/ASN/02641188.pdf
Quarterly results came out today for East West. The company still has over $5 million CAD in cash with total assets at $5.69 million and total liabilities at $1.32 million.
Revenue was down for the quarter due to some wells being worked over, which means we should get a bounce back next quarter. But the key thing that changed in their MD&A that caught my eye was this:
The Company and its legal counsel continue to work on the final documentation including possible amendments which would allow closing to occur. In addition the Company has recently been advised by NIS that it is considering a sale of the four exploration blocks and the Company has agreed that its 15% interest can be included in such efforts. Any such endeavors are not expected to be advanced in the near term.
Selling the Romanian asset is a much better outcome for NIS and EW, rather than putting it into production and slowly getting paid out. We know that NIS has invested over $60 million USD in this asset over the last decade, with East West putting nothing into it, but still retaining a 15% stake.
Vital Energy appoints Standen as director
2023-02-17 10:16 ET - News Release
Mr. Yingchuan Wu reports
VITAL ENERGY ANNOUNCES APPOINTMENT OF NEW DIRECTOR
Effective Feb. 1, 2023, Jeffrey L. Standen has been appointed to Vital Energy Inc.'s board of directors. Mr. Standen is a former founder, officer and director of the Corporation. Mr. Standen brings over 45 years of related industry management expertise to the Corporation.
Mr. Standen has also been the founder, officer and director of numerous private and public energy companies during his career, including Canadian Leader Energy Inc, Centurion Energy International, Extreme Energy Corporation, and Charger Energy Corporation. Mr. Standen is currently President, C.E.O. and a director of Home Run Oil & Gas Inc.
Mr. Standen's primary role as a director of the Corporation will be to work with Management to develop more effective exploration and development projects, to better exploit the Corporation's existing projects and to evaluate the potential for investment into large joint venture projects with other industry companies.
In addition, Mr. Standen will endeavor to expand the Corporation's business development abilities and to increase public market awareness of the Corporation and its current projects and potential future joint ventures into new projects.
Vital Energy Inc. is a publicly traded junior oil and gas company ("VUX" TSXV) whose primary focus is light and medium crude oil production in Western Canada.
Website: www.vitalenergyoil.com For further information please contact
Yingchuan Wu, President
Tel: (403) 988-8286
Fax: (403) 699-9660
Continued insider buying on East West. Financial results should be out end of February or early March:
https://ceo.ca/api/sedi?symbol=EW
Transatlantic Mining: Top 25 Performing Stocks Year-to-Date on TSX Venture Exchange (TCO)
The Globe and Mail - Wed Feb 15, 10:00AM CST
https://www.theglobeandmail.com/investing/markets/stocks/TCO-X/pressreleases/14230846/transatlantic-mining-top-25-performing-stocks-year-to-date-on-tsx-venture-exchange-tco/
Price: $0.09 CAD | $0.06335 USD | €0.0.057
CSE: KCL | OTC: APCOF | FRA:2P3
Common Shares: 69.8 million
Insider/Institutional Holdings: 48 million – Verified with Management
Website: https://americanpotash.com/
*Do your own due diligence before investing*
Total Assets: $1.12 Million
Total Liabilities: $64K
Current Plan – Management is in talks with numerous parties in order to create a joint venture partnership for its Potash/Lithium assets in Utah. For more information, contact: jon@americanpotash.com or 604-803-5838
Recent updates:
December 2022 Update - https://webfiles.thecse.com/American_Potash_Corp_-_Monthly_Progress_Report_December_2022.pdf?EemIfPKwgxP4gVKU6ZifSYme5NJDVPiD
In December 2022, the Company entered into promissory note agreements for gross proceeds of $120,000. The promissory notes will mature on June 30, 2023, and bear interest at a simple rate of 12% per annum. At the election of the holder, the promissory notes and accrued interest will be paid in cash or in common shares of the Company, or a combination of cash and common shares. The Company paid cash finders’ fees of $4,000. In December 2022, the Company entered into a promissory note agreement for $40,000 with Jag Holdings Ltd., a private company controlled by John A. Greig. Please refer to 13 above for further details on the promissory note.
Main asset information:
https://americanpotash.com/site/assets/files/1/americanpotash_aug_31.pdf
The Project is situated within the Paradox Basin, which hosts the nearby, long-producing and currently-active Moab solar solution mine, operated by Intrepid Potash (NYSE-IPI- ~ $45) the largest potash producer in the U.S. There, a specific stratigraphic horizon, known as Cycle 5, has been mined since 1963. This same stratigraphic horizon extends to American Potash’s project, where an Exploration Target* from 600 million to 1 billion tons of sylvinite, with an average grade ranging from 19% to 29% KCL, has been estimated in a NI-43-101 compliant technical report prepared by Agapito Associates Inc. (October 2012).
Other assets from MD&A:
Green River Potash and Lithium Project – Initial Approvals to Drill Exploratory Wells
On December 14, 2022, the Company announced that it has received initial approvals from the Utah Division of Oil Gas and Mining on applications for permits to drill exploratory wells on three of its eleven 100% owned Potash and Lithium State mineral leases which form part of the Green River Potash and Lithium Project, located within the Paradox Salt Basin, Utah. The Green River Potash and Lithium Project is made up of the Company’s Paradox Basin Potash Permit Project and Paradox Basin Brine Potash and Potash Project. Formal drill permits will be issued upon meeting reclamation bonding and any other requirements stipulated in the Company’s Notice of Intent to Conduct Exploration. The three proposed wells are spaced widely apart, providing a large area of influence to draw upon for estimating potential potash and lithium resources within this portion of the project area.
La Escondida Silver-Gold Project - Drill Program
On March 8, 2022, the Company announced results from an inaugural drill program recently completed on its La Escondida Project that began in November 2021. The drill program consisted of 16 reverse circulation (RC) holes, totaling 1,780 metres, and was designed to investigate areas where previous rock-chip sampling returned high silver and elevated gold values along portions of the exposed strike lengths of two prominent veins. Twelve holes intersected significant precious metals mineralization with seven holes reporting narrow intervals with high grade silver assays generally within wider mineralization
Paradox Basin Brine and Potash Project Option Agreement
On December 23, 2021, the Company’s wholly owned subsidiary, American Potash LLC (the "Subsidiary"), entered into an option agreement (the "Option Agreement") with LiK Resources, LLC (the "Optionee") pursuant to which the Optionee was granted the right to earn up to a 100% interest in its Utah state leases for potash and mineral salts minerals along with 128 federal placer claims recently acquired by the Subsidiary (the "Project").
Under the terms of the Option Agreement, to earn a 70% interest in the Project, the Optionee must make a cash payment of USD$150,000 within five days of the Option Agreement (paid) and complete a pre-feasibility study demonstrating the economic viability of the Project within 24 months of the date of the Option Agreement (the "Initial Option"). In the event the Optionee is a publicly traded company with a market capitalization of over USD$100 million at the time of delivering the pre-feasibility study, the Optionee must issue USD$1 million worth of its common shares to the Subsidiary within 45 days of completing the pre-feasibility.
Within 90 days of completion of the pre-feasibility study, LiK must commission and deliver a valuation on the Project performed by an independent third party (the "Valuation") to the Subsidiary. At any time following exercise of the Initial Option and within 90 days from the delivery of the Valuation, the Optionee shall have the right to acquire the remaining 30% interest in the Project by making a cash payment to the Subsidiary based on the valuation of remaining interest (the "Final Option"). In the event the Initial Option is exercised but the Final Option is not exercised, the parties will enter into a joint venture agreement to operate the Project.
https://investingnews.com/top-tsxv-gainers/
2.Transatlantic Mining (TSXV:TCO) Company Profile
Weekly gain: 89.47 percent; current share price: C$0.18; market cap: C$15.6 million Transatlantic Mining is a gold and copper exploration company with three projects, all of which are in the US. Its two gold projects, Golden Jubilee and the Miller mine, are in Montana, while its copper-gold project Monitor is in Idaho. Much of last year's exploration focused on Golden Jubilee, but the company has begun this year with work at the small-scale, past-producing Miller mine. Transatlantic is earning into Miller with a gold royalty and is reviewing its condition and infrastructure. On January 30, the company announced that it is currently clearing mud and dewatering the existing mine. The mud it has removed was passed over a gravity table, revealing visible gold. The company shared that these results have encouraged it to continue processing the mud it removes from Miller for gold.
MLK Gold. Ltd Continues to Increase Its Lithium and Critical Metals Portfolio in Newfoundland
2023-02-09 05:15 ET - News Release
Windsor, Nova Scotia, Feb. 09, 2023 (GLOBE NEWSWIRE) -- MLK Gold Ltd. (“CSE: MLK”) (“MLK” or “MLK Gold” or the “Company”), a growth oriented precious and critical metal exploration company headquartered in Windsor, Nova Scotia, is pleased to report that it has again added to its growing portfolio of lithium and critical metals assets in Newfoundland. The Knob Brook lithium property, acquired by the Company through map staking, consists of 111 mineral claims is located approximately 4 kilometres south of the Company’s previously announced property, and roughly 15 kilometres east of the Kraken lithium discovery made by the Benton Resources-Sokoman Mineral Alliance.
The Knob Brook property is crossed by the Burgeo Highway (Route 480) near its western boundary that lies approximately 16 kilometres north of the Town of Burgeo. Access into more remote part of the property is best done by helicopter. Port facilities are available in Stephenville and transmission lines run near the properties.
Company Chairman, Bill Fleming stated that, “These are exciting times as Newfoundland emerges as a significant lithium district in the Appalachian Mountain Chain, especially given the significant lithium and caesium discovers in the western Dunnage Zone by the Benton Resources – Sokoman Minerals Alliance. We believe the general lack of historical exploration in the areas for lithium opens a huge opportunity to add to the list of critical metal discoveries in the Province of Newfoundland”. Based on preliminary reconnaissance of the Burgeo granite elsewhere to the south, the Company believes there is significant potential for critical metal-bearing pegmatite development at Knob Brook and its other nearby property. This mineral corridor, in part defined by the Hermitage Flexure with its associated fault structures, may hold potential for the first major lithium- bearing ore deposit in Atlantic Canada. Smith commented, “We know from previous government and academic research that although pegmatite dikes have been mentioned, based on our early field examination, their abundance has been dramatically under-stated. In addition, we also know that numerous quartz – tourmaline ± pyrite veins in the Burgeo Granite resembling the Marathon Gold’s Valentine Lake deposit located approximately 50 kilometres to the north, have not been thoroughly prospected, mapped, or sampled.”
The Company is nearing completion of its compilation and integration of geological, geophysical, and geochemical information on the property. MLK plans to commence high resolution drone mapping, selective geophysics, prospecting, and till geochemistry on the property once weather conditions improve. The Company plans to complete a full exploration program over the property starting in Q2-Q3 2023.
Qualified Persons and 43-101 Disclosure
Paul K. Smith (P. Geo.), President & CEO for the Company, is the designated Qualified Person for this news release within the meaning of National Instrument 43-101 (“NI 43-101”) and has reviewed and verified that the technical information contained herein is accurate and approves of the written disclosure of same.
About MLK Gold Ltd.
Founded in 2018, MLK Gold Ltd. is quickly emerging as one of Atlantic Canada's premiere resource exploration companies offering exposure to gold and the strategic metal representing a unique mix of discovery and resource development potential. Invested in a portfolio of lithium and gold projects in mining and mineral-rich Newfoundland, MLK plans to capitalize on the province's ranking as one of the world’s top 10 mining jurisdictions for financially sound mining.
Additional information about the Company and its activities and promotional video may be found on the Company’s website at www.mlkgold.com and under the Company’s profile at www.sedar.com.
Contact Information
William (Bill) Fleming
Executive Chairman, MLK Gold Ltd.
59 Payzant Drive
P.O. Box 657, Windsor
Nova Scotia, Canada, B0N 2T0
Phone: 902.448.0716
Email: Bill.fleming@manewagi.com
Transatlantic Mining Corp hit a multi year high. Technical chart is looking strong
https://www.barchart.com/stocks/quotes/TCO.VN/opinion
East West CFO DeMare resigns; Lim appointed in interim
2023-02-02 14:21 ET - News Release
An anonymous director reports
EAST WEST PETROLEUM ANNOUNCES CFO CHANGE
East West Petroleum Corp. has accepted the resignation of Nick DeMare as chief financial officer of the company and has appointed Harvey Lim as interim CFO in his stead. Mr. DeMare will remain as interim CEO and corporate secretary of the company.
Mr. Lim holds a bachelor of commerce degree from the University of British Columbia and is a member in good standing of the Institute of Chartered Professional Accountants of British Columbia. Mr. Lim has previously worked for Coopers & Lybrand (PricewaterhouseCoopers LLP) and Ingot Management Ltd. Since 1991, Mr. Lim has held the position of controller for Chase Management Ltd., a private company which provides accounting and management services to companies listed on the TSX Venture Exchange or the Toronto Stock Exchange and its predecessors. Mr. Lim also serves as officer and/or director of other publicly listed companies.
About East West Petroleum Corp.
East West is a TSX Venture Exchange-listed company established in 2010 to invest in international oil and gas opportunities. The company has its primary focus on two key areas: New Zealand, where it has established production and cash flow, and Romania, where it is carried to production on an exploration program. In Romania, the company has exploration rights in four exploration concessions covering one million acres in the prolific Pannonian basin of western Romania with Naftna Industrija Srbije. The company does not own the acres but has exploration rights.