Year: 2018

Marathon Gold Announces Substantial Improvements in Updated PEA with 44% Increase in Recovered Gold, at the Valentine Lake Gold Camp, Newfoundland

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T.MOZ, Marathon Gold

Marathon Gold Corporation (“Marathon” or the “Company”) (TSX: MOZ) is pleased to announce the excellent results from an updated independent Preliminary Economic Assessment study (“PEA”) on its 100% owned Valentine Lake Gold Camp that was led by John T. Boyd Company and Lycopodium Minerals Canada. The new PEA optimizes the development of the Valentine Lake Gold Camp mineral resource by open pit mining, and gold recovery by a combination of a milling circuit and heap leaching, incorporating gravity and flotation circuits with leaching of the concentrate and tails. The study is based on an initial 12-year mine life and produced an after- tax Net Present Value (“NPV”) of $493 million using a 5% discount rate. The financial model shows an after- tax Internal Rate of Return (“IRR”) of 30% and a capital payback period of 2.5 years.  All dollar figures are reported in US$ and after-tax unless stated otherwise. read more

FSD Pharma Announces Appointments of Dr. Raza Bokhari as Interim CEO and Co-Chairman, Anthony Durkacz as Co-Chairman and Zeeshan Saeed as President

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C.HUGE, FSD Pharma, cannabis, pot

The Board of Directors of FSD Pharma Inc. (“FSD Pharma” or the “Company“)          (CSE: HUGE) (OTCQB: FSDDF) (FRA: 0K9) is pleased to announce the appointment of Dr. Raza Bokhari as interim CEO and Co-Chairman of the Board of Directors, replacing Thomas Fairfull. read more

Aben: Moving Fast in BC’s Golden Triangle

JayCurrie
Aben Resources, V.ABN, Gold, British Columbia
V.ABN, Aben Resources, gold, BC
Visible gold in core from Aben’s Forrest Kerr project Hole FK 18-10

It is a short exploration and drilling season in BC’s Golden Triangle. Jim Pettit, CEO of Aben Resources (V.ABN), knows the company has only four or five months to accomplish its program. Aben’s property is in the North Coastal Mountains where 30 or even 40 feet of snow could fall. “Winter drilling is possible,” said Pettit, “But it is a logistical nightmare and really, really expensive.” read more

Triumph Gold Purchases Royalty Interest in Golden Revenue Claims

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V.TIG, Triumph gold, gold

Triumph Gold Corp., (TSX-V: TIG) (OTCMKTS: TIGCF) (“Triumph Gold” or the “Company”) is pleased to announce the purchase of a 2% Net Smelter Return (the “NSR”) interest in the Golden Revenue property, which is wholly contained within the Company’s 100% owned, road accessible Freegold Mountain Property, YT. With this purchase, a critical 9.9 sq. km portion of the Freegold Mountain property, centered over the Blue Sky-Revenue-Nucleus area, is now unencumbered by any royalties (Figure 1). read more

FSD Pharma announces issuance of cannabis license under Excise Act

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C.HUGE, FSD Pharma, cannabis, pot

FSD Pharma Inc. (“FSD Pharma” or the “Company“) (CSE: HUGE) (OTCQB: FSDDF) (FRA: 0K9) announced today that the Company’s application for a cannabis license under the Excise Tax Act has been conditionally approved by the Canada Revenue Agency (the “CRA“) and is effective as of October 17, 2018. The issuance of a cannabis license by the CRA is a requirement to sell cannabis and is a prerequisite to obtaining a sales license under the Cannabis Act. read more

Precipitate Acquires 100% Interest in Gold and Silver Property Adjoining Barrick and Goldcorp’s Pueblo Viejo Mine in Dominican Republic

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Precipitate Gold, V.PRG, gold

Precipitate Gold Corp. (the “Company” or “Precipitate”) (TSXV: PRG) is pleased to announce it has entered into a purchase-sale agreement with Everton Resources Inc. (“Everton”) (TSX.V: EVR) whereby, subject to closing, Precipitate will acquire a 100% interest in three of Everton’s Dominican Republic exploration concessions, including two highly prospective concessions (the “Pueblo Grande Property”), adjoining Barrick’s and Goldcorp’s world-class Pueblo Viejo gold-silver mine, one of the largest gold mining operations in the world. read more

MGX Minerals Announces Energy Solutions for the Cannabis Industry

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CSE:XMG, MGX Minerals, lithium,

MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG / FKT: 1MG / OTCQB: MGXMF) is pleased to announce  its wholly owned subsidiary ZincNyx Energy Solutions Inc (“ZincNyx”) has signed a Strategic Partnership Agreement with Braingrid Corporation (“Braingrid”) to co-develop and market a packaged energy management product offering for the cannabis cultivation market. The partnership will leverage Braingrid’s software and technology, which uses proprietary sensing and control hardware and ZincNyc’s modular energy storage systems, which provide scalable regenerative zinc-air flow battery for mass storage of energy, to provide cannabis cultivators with renewable solutions for cultivation. ZincNyx and Braingrid have agreed to sign a Definitive Agreement within the next 60 days. read more