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NEWS: FMNJ Restructure of Management Hires Financial Advisor
Franklin Mining Restructures Management Hires Financial Advisor
LAS VEGAS, NV, United States, via ETELIGIS INC., 11/14/2014 - - Franklin Mining, Inc. (OTC Pink: FMNJ) (PINKSHEETS: FMNJ) President & CEO, Mr. William A. Petty is currently reorganizing its management team, by creating an executive committee that will oversee the day-to-day operation of its mine sites under joint venture arrangements with companies in Bolivia, Peru and Mexico.
The members of the executive committee will be composed of seasoned mining engineers, planners, legal consultant and a financial advisor which will among others: a) provide leadership on its on-going mining operations; b) organizes the day-to-day affairs of the company; ability to appoint core group or operators, sub-contractors, individuals to perform specific work or an on-going function for the company; c) administers the assets of the company; d) fund raising activities to efficiently undertake works in various mine sites; e) compliance with legal requirements in each site of operation; f) periodical update to shareholders of the on-going operations in the mines; g) responsible for setting annual goals and priorities; h) analyze and evaluate challenges and opportunities in each mining activities; and i) other roles and responsibilities that the committee may take for the success of the company.
Moreover, Mr. William A. Petty has appointed Mr. Fernando M. Sopot, President & CEO of Global First Financial Partners, Inc. (GFFP) as its Financial Advisor focused more on the possibility of providing equipment financing for many mining and construction equipments needed in various mining sites. Mr. Sopot, an engineer, with an MBA major in Management and Law degree is an experienced financial engineer and a resource speaker in various forums related to export-import credit and/or trade finance. He has undergone training at the US EXIM Bank, and lecturer on export credit hosted by major event organizers here and abroad.
About Franklin Mining, Inc. (OTC Pink: FMNJ). The company operates various mine sites under joint venture arrangements with companies in Bolivia, Peru and Mexico exercising highest standards of quality and efficiency by optimizing its resources and the preservation of the environment. In this way Franklin Mining generates value in the fields in which it operates and the projects it explores and exploits, besides contributing to the socio-economic and cultural development in the community and country it operates. Moreover, it develops mining operations through safe, low cost, innovative technology, social commitment and respect for the environment, creating value for the shareholders, employees, and the region in which it operates.
About Global First Financial Partners, Inc. (GFFP). A Delaware company that uses financial and business creativity, in providing services in the areas of project development, financial engineering, project and equipment finance. On a case to case basis it has the ability to make direct investments using its network of strategic partners and extensive affiliates. GFFP assists clients in the preparation of Business Plans or project feasibility studies and other related documents. It also helps clients in creating a strategy to develop relationship with potential investors, strategic partners and suppliers, including potential stakeholders in meeting the requirements of a clients company. It also uses its global business relationships to put together investors, financiers, project Proponents, suppliers, service providers and end-users to bring projects and business concepts and principles to their successful conclusion.
Safe Harbor Act:
This release may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report.
For additional information visit our website at www.FranklinMining.com.
CONTACT:
Franklin Mining, Inc.
Investor Relations
(858) 537-7439
fmnj@asaustinco.com
www.FranklinMining.com.
Thanks Hockeypond...the Letter sheds some much needed insight into current and future plans.
Rumour that I've heard is that Franklin re-submitted changes and updates for the 15C211 filing two weeks ago and await response from exchange.
Petty
I don't know if anyone else has gotten a hold of Franklin...I did. I was told that they were keeping quiet on the news front by their lawyers while the filing was taking place. I got the impression we were not that far away from hearing some news....what that news was...well we will wait and see...they sure weren't going to tell me.
I thought I would share.
Minnesota Says 'Yes' to Medical Marijuana
Affinor Finds Marijuana Sweeter Than Strawberries
MONTREAL, June 3, 2014 (GLOBE NEWSWIRE) -- On May 29, 2014 Minnesota Governor Mark Dayton signed a medical marijuana bill crafted by the House and Senate. Minnesota is now the 22nd U.S. state to legalize medical marijuana.
Canada's conservative federal government is already regulating and taxing medical marijuana. It is estimated that the legal marijuana business will generate more than $3.1 billion a year in taxable sales in Canada within the next 10 years.
Last week Affinor Growers (CNX:AFI) (Frankfurt:1AF) (RSSFF-OTCQB) acquired a 100% interest in a private British Columbia company which is in the final stages of obtaining their Medical Marijuana growers license.
The opportunity to enter a mature market with growing demand has already proved a gold rush for investors. Tweed Marijuana is now worth $121 million. Windfire Capital is planning to purchase medical marijuana producer, Rosebud Productions; its stock price has tripled in the last 12 months.
Affinor is now fully focused on the agriculture, medical marijuana and industrial hemp industries. AFI's differentiator is that its Chairman, Nick Brusatore, already has a 15 year track record in commercial crop innovation.
"We currently use vertical growing technology for strawberries, lettuce, herbs and spinach," stated Brusatore, in an exclusive interview with Financial Press, "This technology produces about 13 times more food per square foot, than a traditional greenhouse. We use solar power where possible and we create zero water waste."
Affinor has an R&D facility in Port Coquitlam, BC where it is currently Beta-testing a mechanical pollinator for strawberries with a team of pharmacologists, scientists and plant geneticists.
"The mechanical pollinator will be a game-changer in terms of reducing labour costs and increasing productivity," stated Brusatore, "This innovation is the culmination of 14 years' experience and experimentation growing strawberries."
Brusatore claims that becoming a successful marijuana producer involves more than just getting a license. It also requires the ability to create and scale high quality commercial crops.
Four major players are interested in buying all the strawberries AFI can produce. The contracts are in negotiation. Strawberries are in demand 12 months a year, but can only be grown a couple of months in northern climates.
Rick Easthom, recently retired Manager of Retail Development for Choices Market confirms that it is "unheard of to produce a vine ripened strawberry above the 49th Parallel in the dead of winter."
"I sampled a 53 gram fully vine-ripened strawberry produced by Affinor," stated Easthom in an exclusive interview with Financial Press. "It was better than any other strawberry I have ever tasted, including our local summer berries."
"We want to build large facilities near distribution centers to ensure that the berries get to the market very quickly," stated Brusatore, "We're going to buy a piece of land, build a facility with our existing design, and start producing berries. The distribution deals I have on the table would qualify us to move us onto the NASDAQ, and we plan to do that."
Affinor is currently producing about 25,000 grams of medical marijuana a month operating under an old license – through a company it purchased called D&G productions.
"The medical marijuana business is a natural fit for us because we already grow premium plants for a living and we can do it cheaper than anybody else," stated Brusatore.
Affinor is focused on crops such as romaine lettuce, spinach, strawberries and high quality medical marijuana.
"If Health Canada grants us a new license, we can snap our fingers and scale up our production very, very quickly," states Brusatore, "This license would give us the opportunity to sell medical marijuana online to patients who could pay by VISA or PayPal and get it shipped directly to their door. The potential future market includes medical marijuana patients in the U.S."
Affinor's plan is to industrialize and automate a profitable system to mass-produce premium medicinal plants, free of disease and chemicals.
Following in Minnesota's footsteps, Arizona, Hawaii, Maryland, Massachusetts, Missouri, New Hampshire, New Jersey, New York, Oklahoma, Oregon, Pennsylvania, Rhode Island, Vermont, and Wisconsin also have medical marijuana reform bills on the table.
Affinor is currently trading at .85 with a market cap of $51 million.
Legal Disclaimer/Disclosure: A fee has been paid for the production and distribution of this Report. This document is not and should not be construed as an offer to sell or the solicitation of an offer to purchase or subscribe for any investment. No information in this article should be construed as individualized investment advice. A licensed financial advisor should be consulted prior to making any investment decision. Financial Press makes no guarantee, representation or warranty and accepts no responsibility or liability as to its accuracy or completeness. Expressions of opinion are those of the author's only and are subject to change without notice. Financial Press assumes no warranty, liability or guarantee for the current relevance, correctness or completeness of any information provided within this article and will not be held liable for the consequence of reliance upon any opinion or statement contained herein or any omission. Furthermore, we assume no liability for any direct or indirect loss or damage or, in particular, for lost profit, which you may incur as a result of the use and existence of the information, provided within this article.
Also, please note that republishing of this article in its entirety is permitted as long as attribution and a back link to FinancialPress.com are provided. Thank you.
CONTACT: Sebastien Plouffe
President & CEO
(514) 947-2272
splouffe@affinorresources.com
www.affinorresources.com
Affinor Growers appoints Easthom to advisory board
2014-06-02 13:52 ET - News Release
Mr. Sebastien Plouffe reports
AFFINOR APPOINTS GROCERY RETAIL EXPERT PREVIOUSLY WITH OVERWAITEA AND CHOICES MARKETS TO ITS ADVISORY BOARD
Affinor Growers Inc. has appointed Rick Easthom to its advisory board.
Mr Easthom's previous experience as Director of Corporate Brands for the Overwaitea Food Group, and Manager of Retail Development for Choices Markets, will give Affinor Growers an instant advantage in the merchandising and distribution its products.
Mr. Easthom has extensive grocery retail experience. He is an authority in developing products, packaging, launching and merchandising them at retail while maximizing sales and profit. He has a comprehensive background in management and brings superior skills as an analyst, negotiator and planner. Rick has the unique ability to lead and direct merchandising teams. As Director of Corporate Brands for Overwaitea, he used his people skills and his negotiating talents to develop a dynamic team that created new products to meet changing market demographics and improve on old products by re-packaging. These changes and his new team focus, helped to deliver exceptional increases in sales and profit.
Rick Easthom also brings great wisdom in building distribution networks and he understands all the dynamics of getting a product to the retail store. For Choices Markets he was on the cutting edge of the new wave into a Heath conscious new consumer. He brought all his Overwaitea knowledge to assist them in becoming a functioning retail Health Care Chain. He was able to mentor people in new positions that he created to accomplish his objective. Being a small chain of 6 stores, Rick managed all the expense side of the business, all supply contracts, leases and managed all new construction projects.
Rick Easthom is active in his community and has been a Lion, a Kinsman, and a member of Chamber Of Commerce or local business association. He is also a boating instructor and currently sits as past Commander for Fraser Squadron and as Multicultural officer for CPS Pacific Mainland District. The Company has granted to Mr. Easthom one hundred thousand incentive stock options to purchase common shares. The options are exercisable on or before June 2, 2019.
Nick Brusatore, Chairman of Affinor, comments: "I am very pleased to have Rick on our Advisory board as he brings a tremendous amount of experience to our company and will assist in the negotiations into the wholesale markets and help position Affinor as a global leader in Vertical Farming. He is also a long time Colleague of mine."
We seek Safe Harbor.
© 2014 Canjex Publishing Ltd. All rights reserved.
NEWS: Nick Brusatore purchases additional 2.5mill shares of AFI
WebBroker Alert
========================
Mr. Nick Brusatore Announces Early Warning Report Filing Regarding his Shareholdings in Affinor
ccnm
MONTREAL, CANADA--(Marketwired - May 23, 2014) -
Affinor Resources (CSE:AFI)(FRANKFURT:1AF)(PINKSHEETS:RSSFF) ("Affinor" or the "Corporation) reports that Mr. Nick Brusatore, Suite 3 - 130 Brewstreet, Port Moodie, BC V3H 0E3, announced that he has acquired an aggregate of 2,500,000 common shares of the Corporation (each a "Share") at a price of $0.3525 per Share pursuant to upon the exchange of all its securities of 09571-2 BC Ltd., in connection with the completion of the Corporation's acquisition of 09571-2 BC Ltd., for an aggregate acquisition cost of $881,250. They are currently 60,953,898 Shares issued and outstanding.
Prior to the acquisition of these Shares, Mr. Brusatore held directly and indirectly 13,700,000 Shares, 2, 200,000 Share purchase warrants (each a "Warrant") and 1,000,000 options, representing approximately 23.54% of Affinor's issued and outstanding capital on an undiluted basis and 27.53% on a partially diluted basis. As a result of this acquisition, Mr. Brusatore now holds directly and indirectly 16,200,000 Shares, 2, 200,000 Share purchase warrants and 1,000,000 options, representing approximately 26.58% of Affinor's issued and outstanding capital on an undiluted basis and 30.24% on a partially diluted basis. Of the total securities holding in Affinor, 12,500,000 Shares and 1,000,000 are held directly by Mr. Brusatore and 3,700,000 Shares and 2,200,000 Warrants indirectly through Vertical Designs Ltd. All securities are held for investment purposes. Mr. Brusatore may in the future take such actions in respect of its Shares and other as he deems appropriate in light of the market circumstances then existing, including the potential purchase of additional Shares through open market purchases or privately negotiated transactions, or the sale of all or portion of such holdings in the open market or in privately negotiated transactions to one or more purchasers.
There are no persons acting jointly or in concert with Mr. Brusatore with respect to Mr. Brusatore's shareholdings in Affinor, nor has Mr. Brusatore entered into any agreements in respect of its shareholdings in Affinor with any person with which Mr. Brusatore acts jointly or in concert.
The above information has been provided to the Corporation by Mr. Brusatore for inclusion in this news release.
This news release is issued pursuant to Multilateral Instrument 62-104, which also requires a report to be filed with the Quebec, Ontario, British Columbia and Alberta Securities Commissions containing information with respect to the foregoing matters.
The Canadian Securities Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release
FOR FURTHER INFORMATION PLEASE CONTACT:
Contact Information:
Nick Brusatore
Chairman
(604) 356-0411
nbrusatore@gmail.com
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AFI will begin trading on Monday May 26th, 2014. CSE will formely announce the resumption of trade later today.
NEWS: AFI Recieves approval for name change from CSE
Affinor Receives Approval from the CSE on Change of Business and Close Acquisition of Private Company in Final Stages of Medical Marihuana Growers Licence Approval
3 minutes ago by Marketwire
Affinor Resources (CSE: AFI)(FRANKFURT: 1AF)(PINKSHEETS: RSSFF) ("Affinor" or the "Corporation) obtains approval of its change of business and close its previously announced acquisition of a Medical Marijuana growers.
Affinor is very pleased to announce that it has received conditional approval from the Canadian Securities Exchange (the "CSE") of its fundamental change of business, which has also been overwhelmingly approved by the shareholders of the Corporation at the special meeting held this day, and closed the acquisition of a 100% interest in a private British Columbia company in the final stages of obtaining their Medical Marijuana growers licence (the "New Subsidiary"), previously announced in its May 9, 2014 press release (the "Acquisition").
This approval constitutes the last step of the Corporation plan to change its primary focus from resource exploration to the agriculture, medical marijuana and industrial hemp industries announced on March 25, 2014. The Board of Directors and management of the Corporation believe that it has secured the team, technology and production facility that can allow it to quickly enter those fast and growing industries. Affinor has identified opportunities throughout north America and is poised to capitalize on these opportunities very quickly. The Corporation has filed a new listing statement on the CSE website that provides detailed disclosure of the Corporation's new business and related risk factors.
The Corporation expects that the CSE will publish a bulletin shortly to announce the resumption of trading on May 26, 2014.
In relation with the Acquisition, the Corporation wishes to provide additional disclosure pertaining to the licence application process of its New Subsidiary. At this stage the New Subsidiary has filed its licence (the "Licence") application with Health Canada, which identifies all the proposed personal required under the Marihuana for Medical Purposes Regulations ("MMPR"), all of which were principal and employees of the New Subsidiary prior to the Acquisition. The new subsidiary expects the inspection and approval process to be completed during the next quarter, however there is no specific timeline established at this time. In addition to the general risk factors described in Affinor new listing statement and although the Corporation is confident the New Subsidiary will meet all requirements, it should be noted that there is no guarantee the New Subsidiary will ever obtain a license under the MMPR.
As consideration for the Acquisition, Affinor issued an aggregate of 2,765,000 common shares, of which 2,500,000 were issued to Mr. Nick Brusatore (the "Issuance"), a Related Person, in accordance with the terms of the share exchange agreement dated May 8, 2014. An additional 2,435,000 common shares will be issued upon the issuance of the Licence.
Shareholders also approved the adoption of a new form of articles, including the proposed name change to "Affinor Growers Inc. / Les producteurs Affinor inc.", with an expected effective date of May 30, 2014, the adoption Corporation's new 10% rolling stock option plan and the replacement of its minutes book.
Nick Brusatore being a related party to Affinor within the meaning of Regulation 61-101 respecting Protection of Minority Security Holders in Special Transactions (the "Regulation 61-101"). The Issuance will constituted a "related party transaction" within the meaning of Regulation 61-101. However, the directors of the Corporation determined that the exemptions from formal valuation and minority approval requirements provided for respectively under subsections 5.5(a) and 5.7(1)(a) of Regulation 61-101 could be relied on as neither the fair market value of the securities issued in favour of the related party nor the fair market value of the consideration paid for these securities exceed 25% of the Corporation's market capitalization, the board of directors having acted in good faith with respect to the determination of fair market value of the transaction concerning the exemption threshold.
All securities issued pursuant to the Acquisition will be subject to a hold period ending September 24, 2014.
About Affinor Resources Inc.
Affinor Resources is a diversified publicly traded company on the Canadian Securities Exchange under the symbol ("AFI"). Affinor is focused on the Medical Marijuana industry as well as becoming a producer of other cash crops such as Romaine lettuce and Strawberries.
Further information regarding the Corporation can be found on SEDAR at www.SEDAR.com or by visiting our profile on www.CNSX.ca.
On Behalf of the Board of Directors
AFFINOR RESOURCES INC.
Sebastien Plouffe, President & CEO
The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release
FORWARD LOOKING INFORMATION
This News Release contains forward-looking statements. The use of any of the words "anticipate", "continue", "estimate", "expect", "may", "will", "project", "should", "believe" and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. These statements speak only as of the date of this News Release. Actual results could differ materially from those currently anticipated due to a number of factors and risks including various risk factors discussed in the Company's disclosure documents which can be found under the Company's profile on www.sedar.com. This News Release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.
Contacts:
Contact Information
Sebastien Plouffe
President & CEO
(514) 947-2272
splouffe@affinorresources.com
www.affinorresources.com
Contact Information, spokesperson
Vertical Designs Ltd
Nick Brusatore, CEO
(604) 356-0411
nbrusatore@gmail.com
Contact Information
Momentum PR Inc
Max Gagne, President
(514) 913-0351
mgagnegodbout@momentumpr.ca
BHS will no longer pursue the Weed Industry and will stick to Mining. NEWS OUT: Corporate Overview
Bayhorse Silver Corporate Update
VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 12, 2014) - Bayhorse Silver Inc. ("Bayhorse" or the "Company") (TSX VENTURE:BHS) reports on its corporate activities and mining and exploration plans for the balance of 2014.
Bayhorse Silver Mine Progress:
The Bayhorse silver mine, which was last mined in 1984 when silver prices dropped below US$5 an ounce, has a reported historic non-43-101-compliant resource of 160,000 + tons containing high grade silver ore in stockwork zones up to 80 feet wide. (news release BHS2014-01) The Company's plans are to extract an up to 5,000 cubic yard bulk sample (approximately 15,000 tons) from this high grade silver zone from its Bayhorse silver mine that is expected to commence as early as late in the 2nd quarter of 2014. Based upon the average 1984 historic mining grades of 572 g/t Ag (16.7 oz/t Ag), the bulk sample has the potential to contain as much as 250,800 oz/Ag.
American Mining and Tunneling of Elko Nevada is currently engaged in rehabilitating the adit and work is expected to be completed towards the end of May. Underground sampling and drilling will then immediately commence to confirm the historic underground assays and to determine what will be required to bring the historic non-43-101-compliant resource up to a current 43-101 compliant resource.
The mineralized zone is open along strike to the west and to depth. The Company has also identified potential mineralization along strike to the east and has added another six claims to the property to cover this area.
The flotation test results announced in our recent news release, (BHS2013-13), indicate the proposed bulk sample may also contain significant amounts of copper (Cu), zinc (Zn), and antimony (Sb). While spot silver prices have held in the US$19-$21 range recently, a number of analysts are expecting the silver price to move higher towards the end of 2014. Current market prices for the other metals are as follows. Antimony is currently around US$4.50/lb, copper is approximately $3.00/lb and zinc is approximately US$0.90/lb. The Company will need to access the equity market to complete the ongoing work program and the bulk sample. In the event the bulk sample silver content is as anticipated, the Company may realize a substantial return from any sale of any ore produced by the end of the year and any need to further access the equity markets afterwards for ongoing capital requirements may be substantially reduced.
Subject to the success of the first proposed bulk sample, an additional bulk sample of the same size is anticipated to be completed by early 2015.
Historic Bayhorse Information
As "stated in the minerals production yearbook" (Jacobsen, 1959), total reported historic production from the Bayhorse Mine through 1959 was 286,000 ounces of silver from 8,300 tons of ore for an average of approximately 34.5 opt Ag (1,183 g/t Ag) while Herdrick (1981) estimated remaining shipping ore at a 7.5 opt Ag cutoff to be 166,208 tons, and on-site mill ore at a 3 opt Ag cutoff to be 473,350 tons. The highest reported grade from the 1984 drilling, sampling and mining program was from a mined round, containing a tetrahedrite-tennantite -rich vein, that assayed 691 opt Ag (23,691 g/t) and 15.72% Cu, while the recent sampling as reported in the Company's news release BHS2014-01, identified silver content from a select sample of 150kg Ag (4,835 ounces) per ton.
The Marijuana Industry Review Initiative
After a comprehensive review by the Company and its consultants of the potential opportunities presented by the legalization of medical marijuana in Canada, and presented by the new legislation in certain States in the U.S., the Company directors have decided to discontinue any further research into this arena, and the consultancy agreements entered into will terminate as per the terms of the agreements.
Chief Financial Officer
The Company announces that Ms Anike Li, CPA, CGA, BBA, has accepted the appointment as the Company's Chief Financial Officer. Ms. Li succeeds Mr. G Gallo, who has been with the Company for over two years in the CFO role. The Company thanks Mr. Gallo for his services and wishes him well in his new ventures.
Barite Mine Net Profit Interest.
The Company holds a 30% Net Profit Interest (NPI) in the Flagstaff barite mine, which it recently sold to SBS Mining Ltd of London.
SBS Mining is currently working on their processing facility to upgrade the barite from the Flagstaff mine to create a saleable finished product. 4.1 SG Barite is now US$115/ton fob the mine, as per the most recent US Geological Survey pricing sheet and is now substantially higher than the 2010 price of US$40/ton when the mine was permitted. Upon recovery of SBS sunk costs, the Company anticipates that income will be derived from this NPI in the near future.
New Zealand Gold Projects
The Company has initiated a NI-43-101 report on the Red Queen project north of the town of Westport, on the West Coast of the South Island of New Zealand. During the property visit to Red Queen, Dr. G. E. Ray, the report author, and the Company's consulting geologist, Campbell Ryland, M.Sc., have identified the Red Queen vein at surface both up dip and along strike from existing known vein occurrences and adits. Historically, the Red Queen mine reportedly produced grades as high as 5.5 opt. The highest grade sampled by the Company was 69.4 g/t (2.23 opt) Au from the underground workings.
Subject to financing, the Company intends to prepare the Alexander River gold project for a proposed 4th quarter diamond drill program to further its understanding of the mineralizing systems and to determine whether a NI-43-101-compliant resource can be established. Alexander River reportedly produced approximately 41,000 ounces of Au from 49,000 tons mined from underground workings.
Bayhorse Silver Inc. is a junior exploration company that is earning an 80% interest in its newly acquired historic Bayhorse Silver Mine that has the potential for a substantial silver discovery. It has a 100% interest in its three major high grade New Zealand gold prospects (Alexander River, Paparoa and Red Queen), in the highly prolific West Coast South Island gold fields of New Zealand, where it offers investors the potential for a major gold discovery. The Company has an experienced management and technical team with extensive exploration expertise.
This News Release has been prepared on behalf of the Bayhorse Silver Inc. Board of Directors, which accepts full responsibility for its contents. The contents of this news release has been reviewed and approved by Dr. Clay Conway, P.Geol., and qualified person as recognized by National Instrument NI-43-101 and a director of the Company.
ON BEHALF OF THE BOARD
Graeme O'Neill, President
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.
Caution Regarding Forward-Looking Statements - All statements herein, other than statements of historical fact, including, without limitation, plans for and intentions with respect to the Company's capitalization, preparation of technical reports, proposed work programs, budgets and proposed expenditures, permitting, construction and production timing are forward looking statements. While the Company believes such statements are reasonable, no assurance can be given that any expectations will prove to be correct and the forward-looking statements are not guarantees of future results or performance and that actual results may differ materially from those in the forward-looking statements. Readers should not place undue reliance upon forward-looking statements and the Company undertakes no obligation to re-issue or update any forward-looking statements as a result of new information or events after the date hereof or as may be required by law. All forward-looking statements and information herein are qualified by this cautionary statement.
The Company advises that the Corporate update also contains information that is of a historic nature. Historic production estimates, drill information and grades reported have not been verified; A qualified person has not done sufficient work to verify the historical estimates nor classify the historical estimates as current mineral resources or mineral reserves and the Company is not treating the historical estimates as current mineral resources or mineral reserves. (ounces/grams conversion is one ounce/short ton = 34.2857 grams/metric ton)
Bayhorse Silver Inc.
Graeme O'Neill
President
(604) 684-3394
www.bayhorsesilver.com
By the numbers provided BHS is on course to make $4.5 million from its 15,000 tonnes of material they plan on mining in the 3rd quarter.
Bayhorse Silver Announces Bulk Sample Flotation Concentrate Silver Assay Results
http://web.tmxmoney.com/article.php?newsid=67573089&qm_symbol=BHS
You were asking for them to put aside WEED and concentrate on Silver...looks like they have been.
Vortex
Very Insightful regarding the MMJ and Bayhorse not wanting to be a grower. Read below:
At the same time as Bayhorse is working on its potential silver mine, another business opportunity arose: medical marijuana. April 4, 2014, Bayhorse announced that it had retained the service of two consultants who provide services to the medical and recreational marijuana business in Colorado and Washington.
“We don’t want to get into the grow business.” explained O’Neill, “We want to explore the business opportunities which surround the business. We think there is the opportunity to be to the marijuana industry what the sutlers were to the Gold Rushes.” (Sutlers supplied the gold miners food and clothing and other supplies – the most famous sutler was Levi Strauss who invented blue jeans for the 49ers.)
“The marijuana business is heavily regulated. In Washington every five pounds of marijuana has to be tested. As a mineral exploration company we are used to operating in a highly regulated environment. We deal with labs and permits.”
For Bayhorse the marijuana business is all about buildings, grow systems, dealing with regulations, testing and, in some cases, sourcing the “seed” capital required to get the businesses going.
O’Neill himself brings a wealth of experience to the business, “I was actually a municipal inspector in North Vancouver in the 90's. I saw a lot of grow ops and the associated problems. For growing, marijuana is finicky. What a grower wants to do is turn a crop around every six weeks. We hope to provide the expertise and support to make that happen.”
While many juniors have been criticized for diving into the marijuana business without really having anything to actually contribute, O’Neill sees Bayhorse’s participation as a logical extension of its skill set.
“We’re not desperate. We’ve created two spinoff companies over the last few years for our shareholders and we’re looking forward to potential profits from the Barite Mine before the end of 2014. Legal marijuana is a brand new, highly regulated, business opportunity with a brand new business model.”
At time of writing Bayhorse traded at $0.135 with 19.3 million shares outstanding and a market cap of $2.6 million.
Great Article in the financial Post
http://business.financialpost.com/2014/04/09/bayhorse-silver-expertise/
New Interview with Bayhorse President...link below
http://www.stockhouse.com/opinion/interviews/2014/04/04/bayhorse-silver-v-bhs-keeps-mining-focus-despite-marijuana-shift
I think everyone needs to RELAX! The company is doing what most others should be doing in this harsh junior market...DIVERSIFYING!! while adding value to all of our investments. The Bayhorse Silver mine is being worked on as we speak which is being hanlded by AMT to bring the mine up to safety standards before they can proceed with the next stage of exploration/mining...would you rather them be sitting on their hands doing nothing waiting for the mine to come up to safety standards while watching the stock price drop do to lack of exploration and or mining at Bayhorse Mine?? I don't think so!!
I talked to Bayhorse and asked them about the Silcom Spinout and was told there would be an announcement shortly regarding the property and or project they plan on injecting into the spin out. So for all of you that are wondering....Silcom will start trading shortly.
As for the MMJ this is a whole new spin out that will take place...and NO they aren't just throwing darts around...this is strategic...they are working with the former owners of Bayhorse Silver Mine who are currently involved in MMJ projects and have expertise in the dramatically expanding American Medical Marijuana sector, which is said to expand into the tens of Billions of dollars a year. For those of you with the Puritan View point that feel Marijuana is bad...you should stop taking over the counter meds or prescription drugs that contain Opiates that are far more addictive. I would rather see Governments/Municipalities making money taxing Marijuana then see Thugs kill each other selling and loundering the dirty money. Face it Alcohol, tobaco and Most prescription drugs used to be illegal at one time now they are regulated and help to pay for Education, Health Care and Infrustructor.
There is a lot going on...there is also work being done on the New Zealand Gold properties as we speak and they are working out the last details of the Barrite profits that they will start being received in the last quarter of 2014.
Call the company and do your own DD Bayhorse is in a position to make a lot of us wealthy...if they want to give me free shares in another Spin Out by all means "DO SO".
Projects/Spinouts in last 3 years
Archean Resources (Spin out)
Bayhorse Silver MIne (Bonanza Grade Silver Find) NI-43-101 Jan 2014
Flagstaff Barite Sale (Revenue later this year on a continual basis)
Silcom (Spin out) Project to be announced shortly
Alexander River (New Zealand) Graphite/Gold Mine NI-43-101 May 2013
Lyell (New Zealand) Gold Mine
Paparoa (New Zealand) Gold Mine
MMJ (Medical Marijuana Company) (Most Likely a Spin out)
What other company can you say has provided its share holders value in not ONE...not TWO...but FOUR different ventures under one umbrella BAYHORSE(formely, Kent)
Vortex
One of the moderators needs to ban him or everyone needs to put him on ignore like I did...waste of time...got nothing better to do.
vortex
Clueless...maybe you should go back to the moon JMO!!!!
Franklin Mining Provides Gold, Wolfram, Copper Processing
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Franklin Mining, Inc. (PC) (USOTC:FMNJ)
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Today : Wednesday 20 November 2013
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Franklin Mining Provides Gold, Wolfram, Copper Processing
2013 Quarter III Disclosure Statement Filed With OTC Markets Group, Inc.
LAS VEGAS, NV--(Marketwired - Nov 20, 2013) - FRANKLIN MINING, INC. (OTC Pink: FMNJ) -- Franklin Mining, Inc is pleased to announce they have begun to provide processing services to the mining community of Oruro in the Republic of Bolivia. Processing services will be provided at a plant situated in the Oruro Industrial Zone, Parque Industrial. Located on a 9,600 square meter lot with a potential 10,000 square meter expansion, this four-year old plant is fully equipped and has all of its necessary certifications and permits, including a Mineral License. Processing services will initially be limited to gold, wolfram and copper with the capability of expanding to include silver, lead, zinc and tin.
"My personal relationships with many leaders from the Oruro mining community convinced me there is an immediate need to make local processing services available for small and independent operators," said William Petty, Chairman of Franklin Mining. "As Franklin continues seeking and developing opportunities in Bolivia's mining and energy communities, we will not hesitate to step in and participate when viable opportunities present themselves."
Coming this Christmas: Watch for William Petty's upcoming video announcements, interviews and video tours of Franklin Mining's plant operations in Oruro, Bolivia and offices in La Paz, Bolivia.
Franklin Mining, Inc. also announces having posted their Quarter III 2013 Disclosure Statement in accordance with OTC Markets Group, Inc. requirements.
About Franklin Mining, Inc. -- Franklin Mining, Inc. is a publically traded international exploration and mining company, headquartered in Las Vegas, Nevada, with offices in Santa Cruz, Bolivia. The Company adheres to the highest standards of quality and efficiency by optimizing the Company's resources through a systemwhich places the preservation of the environment among the Company's top objectives. Franklin Mining, Inc. endeavors to find value in fields in which the projects can be explored and exploited while contributing to the socio-economic and cultural development of its society. The Company has developed model mining operations through safe, cost effective and innovative technologies. Franklin Mining Inc.has purposed to uphold a great social commitment and respect for the environment while creating a robust value for its shareholders, employees, and the region within which it operates. Additional information can be found at the Company's corporate website: www.FranklinMining.com.
Safe Harbor Act: This release may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report.
For additional information:
Investor Relations
Franklin Mining, Inc.
www.FranklinMining.com
(858) 537-7439
fmnj@asaustinco.com