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Cartier Resources Inc. (TSX-V: ECR) (“Cartier”) is pleased to announce that 4 drill rigs are currently in operation on the Chimo Mine property, located 45 km east of Val-d’Or, to complete 20,000 m of drilling in the coming months.The program is intended to explore the depth and lateral extensions of 23 known gold zones in order to expand their dimensions (VIDÉO 3D).
The Ptarmigan Mine (“Ptarmigan”) was a gold producer in the Yellowknife gold district from 1941-42, in 1983 and from 1985-1997. The main Ptarmigan vein was accessed by a shaft extending to 275 meters depth and mined over 400 meters of strike length. Production from Ptarmigan totaled 364,874 tonnes producing 112,213 ounces of gold (average 9.56 g/t Au recovered). The gold is free milling with recoveries in the 1940’s reported at 97-98%. Gold recovery in the 1985-97 period consisted of gravity and flotation concentration with reported recovery of 94%. When the mine closed in 1997 the vein was still open along strike to the west on claims now owned by TerraX, and open down dip below the mine workings. (Source: The Operation History of Mines in the Northwest Territories, R. Silke, 2009; and Treminco Resources Limited, Annual Report 1990).
Dundee Precious Metals Inc. (TSX:DPM) (“DPM” or “the Company”) announced its mine and smelter production results for the three months and year ended December 31, 2017 and confirmed the timing of the release of fourth quarter and full year 2017 operating and financial results, together with the related conference call and webcast.
VANCOUVER, British Columbia, Jan. 11, 2018 (GLOBE NEWSWIRE) — MGX Minerals Inc. (“MGX” or the “Company”) (CSE:XMG) (FKT:1MG) (OTCQB:MGXMF) is pleased to announce the appointment of Christopher Wolfenberg to the Company’s Board of Directors. Mr. Wolfenberg is a Partner with the law firm of Fasken Martineau LLP. Prior to his current position he was a Partner with Norton Rose Fullbright. He provides practical advice to select clients active in the mining, technology and energy sectors and has acted as an officer and director of numerous public, private and non-profit entities. Mr. Wolfenberg holds a Bachelor of Social Sciences from the University of Ottawa, a Bachelor of Laws from Queen’s University and a Master of Laws from Cornell Law School. Mr. Wolfenberg is a member of the Law Society of Alberta.
Positive Free Cash Flow for Q4 2017 with US$8.0 million in cash exiting 2017
Falco Resources Ltd. (TSX VENTURE: FPC) (“Falco” or the “Company”) is pleased to provide the following update on its development of the Horne 5 Project (the “Project”), exploration and corporate activities.
MGX Minerals Inc. (”MGX” or the ”Company”) (CSE: XMG; FRA: 1MG; OTCQB: MGXMF) is pleased to report that joint venture partner Power Metals Corp. (”Power Metals”) has commenced a 2,000 metre drill program on the Northeast Dyke at Case Lake east of Cochrane, Ontario. Drill hole PWM-18-51, the first drill hole on the Northeast dyke and on the entire claim, is in progress and is collared 5 m north of the spodumene pegmatite outcrop. This shallow hole will drill underneath the location of the surface assay of 7.14 % Li2O (see press release dated Dec. 4, 2017).
Rye Patch Gold Corp. (“Rye Patch” or the “Company“) (TSX.V: RPM; OTCQX: RPMGF; FWB: 5TN) announces that the TSX Venture Exchange (the “TSX-V”) has approved a proposed share consolidation by the Company (the “Share Consolidation”) on the basis of one (1) post-consolidation common share for every 6.5 pre-consolidation common shares.
Golden Predator Mining Corp. (TSX-V:GPY) (OTCQX:NTGSF) (the “Company” or “Golden Predator”) reports the results of 42 Reverse Circulation (RC) drill holes completed in 2017 at the 3 Aces Project in southeastern Yukon. Initial drilling is reported from the Diamonds Zone along with the Hearts/Clubs Corridor. All areas encountered encouraging results and will see continued drilling in 2018. The final 43 RC holes completed in 2017 will be reported separately.
MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG; FRA: 1MG; OTCQB: MGXMF) is pleased to announce wholly owned subsidiary ZincNyx Energy Solutions, Inc. (“ZincNyx”) has solved the long standing reliability issue caused by the growth of zinc dendrites in zinc-air flow batteries. The problem occurs when filaments of zinc (dendrites) grow in unintended areas and may cause membrane ruptures or short circuits to occur. The ZincNyx system is immune to this effect since it uses zinc dendrites as fuel and consumes them as part of its normal operation. Avoidance of dendrite damage is the single most significant hurdle in development and commercialization of zinc-air flow battery systems. Phase II design and testing has been completed and final commercial design is now underway for mass production of its scalable 20kWh capacity zinc-air mass storage battery.