Consulting Geologist

Villahermosa, Mexico

Consulting Geologist

Villahermosa, Mexico
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News Article | April 17, 2017
Site: marketersmedia.com

VANCOUVER, BC / ACCESSWIRE / April 17, 2017 / iMetal Resources Inc., (iMetal or the company) (TSXV: IMR) is pleased to announce the appointment of Jim Dawson, M.Sc., P.Eng., Brian Fagan, and Michael Blanchard as additions to the company's Advisory Committee. Each of these gentlemen possess invaluable experience in their respective fields that will greatly contribute to iMetal's success on all fronts. Jim Dawson, M.Sc., P.Eng. is President of Dawson Geological Consulting Ltd., a successful thirty-five-year-old geological consulting company, headquartered in Vancouver, BC. He has been a Professional Consulting Geologist for over thirty years and a Director of Public Companies in the Mineral Resource Industry for over twenty. As a partner with Kerr, Dawson & Associates Ltd. from 1972 to 1985, he participated in the discovery of the Blackdome Mine, Frasergold and Taurus Properties in British Columbia, and the Big Horn Mine in Arizona. He was an Independent Director of Minefinders Corp. Ltd. for sixteen years until it was acquired by Pan American Silver Corp. for $1.6 billion. He was a Director and Member of the Technical Advisory Board of Kaminak Gold Corp. since December 2006 until it was acquired by Goldcorp in May 2016 in an all-stock transaction valued at $520 million. Jim was also part of the original Pan Ocean team which made the discovery of the Lac Cinquante U-Mo Occurrence in 1975. Currently, he is a Director of Kivalliq Energy Corp., Wealth Minerals Ltd., and New Dimension Resources. He graduated from Memorial University, Newfoundland, with a B.Sc. in 1960 and an M.Sc. in 1963. Jim's input and insight on iMetal's geological matters will be invaluable. Brian Fagan has over 35 years of hands-on experience in all aspects of the mineral exploration sector and related securities business. Moving from Rhode Island, USA, to Vancouver, BC, with his wife and three young children in the early seventies, he immediately went to work in the securities business as a desk trader. In a very short-time-span, he advanced from desk trader, to floor trader, to Registered Representative, to Managing Director of a local Vancouver based Brokerage Firm. While still Registered, he brought his first mineral exploration company public on the former Vancouver Stock Exchange (VSE). Shortly after that, he resigned from all his security company registrations and positions to concentrate on forming and managing public mineral exploration companies. During the following years he formed, financed, and managed three additional exploration companies through the facilities of the former VSE. Publicly and privately, he has operated and/or managed successful mineral property acquisition/exploration programs in Canada, United States, Mexico, and Argentina. In 1995, Brian launched The Fagan Report (TFR) a subscription based newsletter concentrating on Canadian listed resource companies. During the fifteen-year continuous publication of The Fagan Report, he was a sought-after speaker and commentator at major resource investment conferences, radio, TV, and financial publications. Brian currently publishes a complimentary online Digest, www.StocksAndSpeculations.com - An International Forum for Stock Speculators. iMetal is excited to have Brian accept a position on its Advisory Committee and provide his expertise, connections, and contributions to the daily operations of the company. Michael Blanchard is a seasoned Digital Marketing executive with a focus on market penetration, online lead generation, increased investor engagement and interaction, effective social media, and mobile device presence. Previously a managing partner of WSI, the world's largest Digital Marketing agency, he is Google AdWords and Google Analytics Certified. He has worked with business leaders and entrepreneurs across Canada to cost effectively unlock the full potential of the Internet through innovative digital marketing. Michael is creating a digital platform that will enable iMetal to exponentially increase its ability to deliver its development story to the investment public. The company also announces that it has granted incentive stock options to, consultants and advisors to acquire a total of 1.25 million common shares of the company at an exercise price of five-cents per share for a period of five years based on the closing price of the company's shares on the TSX Venture Exchange on Thursday, April 13, 2017. iMetal is a rapidly emerging mineral exploration company focused on the acquisition, exploration, and development of mineral properties that exhibit commercial potential in the mining-friendly, title-secure Provinces of Ontario and Quebec, Canada. With its broad management experience in junior resource acquisition, exploration, and development - iMetal is well positioned to aggressively advance and augment its promising property portfolio for its shareholders. ON BEHALF OF THE BOARD OF DIRECTORS, VANCOUVER, BC / ACCESSWIRE / April 17, 2017 / iMetal Resources Inc., (iMetal or the company) (TSXV: IMR) is pleased to announce the appointment of Jim Dawson, M.Sc., P.Eng., Brian Fagan, and Michael Blanchard as additions to the company's Advisory Committee. Each of these gentlemen possess invaluable experience in their respective fields that will greatly contribute to iMetal's success on all fronts. Jim Dawson, M.Sc., P.Eng. is President of Dawson Geological Consulting Ltd., a successful thirty-five-year-old geological consulting company, headquartered in Vancouver, BC. He has been a Professional Consulting Geologist for over thirty years and a Director of Public Companies in the Mineral Resource Industry for over twenty. As a partner with Kerr, Dawson & Associates Ltd. from 1972 to 1985, he participated in the discovery of the Blackdome Mine, Frasergold and Taurus Properties in British Columbia, and the Big Horn Mine in Arizona. He was an Independent Director of Minefinders Corp. Ltd. for sixteen years until it was acquired by Pan American Silver Corp. for $1.6 billion. He was a Director and Member of the Technical Advisory Board of Kaminak Gold Corp. since December 2006 until it was acquired by Goldcorp in May 2016 in an all-stock transaction valued at $520 million. Jim was also part of the original Pan Ocean team which made the discovery of the Lac Cinquante U-Mo Occurrence in 1975. Currently, he is a Director of Kivalliq Energy Corp., Wealth Minerals Ltd., and New Dimension Resources. He graduated from Memorial University, Newfoundland, with a B.Sc. in 1960 and an M.Sc. in 1963. Jim's input and insight on iMetal's geological matters will be invaluable. Brian Fagan has over 35 years of hands-on experience in all aspects of the mineral exploration sector and related securities business. Moving from Rhode Island, USA, to Vancouver, BC, with his wife and three young children in the early seventies, he immediately went to work in the securities business as a desk trader. In a very short-time-span, he advanced from desk trader, to floor trader, to Registered Representative, to Managing Director of a local Vancouver based Brokerage Firm. While still Registered, he brought his first mineral exploration company public on the former Vancouver Stock Exchange (VSE). Shortly after that, he resigned from all his security company registrations and positions to concentrate on forming and managing public mineral exploration companies. During the following years he formed, financed, and managed three additional exploration companies through the facilities of the former VSE. Publicly and privately, he has operated and/or managed successful mineral property acquisition/exploration programs in Canada, United States, Mexico, and Argentina. In 1995, Brian launched The Fagan Report (TFR) a subscription based newsletter concentrating on Canadian listed resource companies. During the fifteen-year continuous publication of The Fagan Report, he was a sought-after speaker and commentator at major resource investment conferences, radio, TV, and financial publications. Brian currently publishes a complimentary online Digest, www.StocksAndSpeculations.com - An International Forum for Stock Speculators. iMetal is excited to have Brian accept a position on its Advisory Committee and provide his expertise, connections, and contributions to the daily operations of the company. Michael Blanchard is a seasoned Digital Marketing executive with a focus on market penetration, online lead generation, increased investor engagement and interaction, effective social media, and mobile device presence. Previously a managing partner of WSI, the world's largest Digital Marketing agency, he is Google AdWords and Google Analytics Certified. He has worked with business leaders and entrepreneurs across Canada to cost effectively unlock the full potential of the Internet through innovative digital marketing. Michael is creating a digital platform that will enable iMetal to exponentially increase its ability to deliver its development story to the investment public. The company also announces that it has granted incentive stock options to, consultants and advisors to acquire a total of 1.25 million common shares of the company at an exercise price of five-cents per share for a period of five years based on the closing price of the company's shares on the TSX Venture Exchange on Thursday, April 13, 2017. iMetal is a rapidly emerging mineral exploration company focused on the acquisition, exploration, and development of mineral properties that exhibit commercial potential in the mining-friendly, title-secure Provinces of Ontario and Quebec, Canada. With its broad management experience in junior resource acquisition, exploration, and development - iMetal is well positioned to aggressively advance and augment its promising property portfolio for its shareholders. ON BEHALF OF THE BOARD OF DIRECTORS,


News Article | April 17, 2017
Site: www.accesswire.com

VANCOUVER, BC / ACCESSWIRE / April 17, 2017 / iMetal Resources Inc., (iMetal or the company) (TSXV: IMR) is pleased to announce the appointment of Jim Dawson, M.Sc., P.Eng., Brian Fagan, and Michael Blanchard as additions to the company's Advisory Committee. Each of these gentlemen possess invaluable experience in their respective fields that will greatly contribute to iMetal's success on all fronts. Jim Dawson, M.Sc., P.Eng. is President of Dawson Geological Consulting Ltd., a successful thirty-five-year-old geological consulting company, headquartered in Vancouver, BC. He has been a Professional Consulting Geologist for over thirty years and a Director of Public Companies in the Mineral Resource Industry for over twenty. As a partner with Kerr, Dawson & Associates Ltd. from 1972 to 1985, he participated in the discovery of the Blackdome Mine, Frasergold and Taurus Properties in British Columbia, and the Big Horn Mine in Arizona. He was an Independent Director of Minefinders Corp. Ltd. for sixteen years until it was acquired by Pan American Silver Corp. for $1.6 billion. He was a Director and Member of the Technical Advisory Board of Kaminak Gold Corp. since December 2006 until it was acquired by Goldcorp in May 2016 in an all-stock transaction valued at $520 million. Jim was also part of the original Pan Ocean team which made the discovery of the Lac Cinquante U-Mo Occurrence in 1975. Currently, he is a Director of Kivalliq Energy Corp., Wealth Minerals Ltd., and New Dimension Resources. He graduated from Memorial University, Newfoundland, with a B.Sc. in 1960 and an M.Sc. in 1963. Jim's input and insight on iMetal's geological matters will be invaluable. Brian Fagan has over 35 years of hands-on experience in all aspects of the mineral exploration sector and related securities business. Moving from Rhode Island, USA, to Vancouver, BC, with his wife and three young children in the early seventies, he immediately went to work in the securities business as a desk trader. In a very short-time-span, he advanced from desk trader, to floor trader, to Registered Representative, to Managing Director of a local Vancouver based Brokerage Firm. While still Registered, he brought his first mineral exploration company public on the former Vancouver Stock Exchange (VSE). Shortly after that, he resigned from all his security company registrations and positions to concentrate on forming and managing public mineral exploration companies. During the following years he formed, financed, and managed three additional exploration companies through the facilities of the former VSE. Publicly and privately, he has operated and/or managed successful mineral property acquisition/exploration programs in Canada, United States, Mexico, and Argentina. In 1995, Brian launched The Fagan Report (TFR) a subscription based newsletter concentrating on Canadian listed resource companies. During the fifteen-year continuous publication of The Fagan Report, he was a sought-after speaker and commentator at major resource investment conferences, radio, TV, and financial publications. Brian currently publishes a complimentary online Digest, www.StocksAndSpeculations.com - An International Forum for Stock Speculators. iMetal is excited to have Brian accept a position on its Advisory Committee and provide his expertise, connections, and contributions to the daily operations of the company. Michael Blanchard is a seasoned Digital Marketing executive with a focus on market penetration, online lead generation, increased investor engagement and interaction, effective social media, and mobile device presence. Previously a managing partner of WSI, the world's largest Digital Marketing agency, he is Google AdWords and Google Analytics Certified. He has worked with business leaders and entrepreneurs across Canada to cost effectively unlock the full potential of the Internet through innovative digital marketing. Michael is creating a digital platform that will enable iMetal to exponentially increase its ability to deliver its development story to the investment public. The company also announces that it has granted incentive stock options to, consultants and advisors to acquire a total of 1.25 million common shares of the company at an exercise price of five-cents per share for a period of five years based on the closing price of the company's shares on the TSX Venture Exchange on Thursday, April 13, 2017. iMetal is a rapidly emerging mineral exploration company focused on the acquisition, exploration, and development of mineral properties that exhibit commercial potential in the mining-friendly, title-secure Provinces of Ontario and Quebec, Canada. With its broad management experience in junior resource acquisition, exploration, and development - iMetal is well positioned to aggressively advance and augment its promising property portfolio for its shareholders. ON BEHALF OF THE BOARD OF DIRECTORS,


These new results further increase the strike extension of both the Eleonore Central and the Eleonore South zones, which now cover areas of more than 650 meters and 1.1 kilometers, respectively. At present, the Eleonore North zone has been defined over a distance of more than one kilometer. All three zones remain open along strike and at depth. In hole T17RC045, the structure hosting the mineralization is open to the north and at depth. Further drilling will test the potential continuity north of the east-west trending diabase dyke and into Eleonore Central. Up to 2% pyrite was recorded with associated quartz veining. Hole T17RC050 is reported within an oxidized shear zone, with the mineralization appearing spatially related to lower grade intercepts such as in hole T16RC039, 40 meters to the northeast (http://www.algold.com/pr-supporting-elements/). This hole recorded biotite, quartz and pyrite, which is typical of the Eleonore mineralization style, suggesting that the shear continues, but with variable grades. Algold is also in receipt of drilling results from an area dubbed the 'the Mirror Image', discovered in the fall of 2016, situated immediately west and parallel to the main Eleonore mineralized zone. This area demonstrates a geochemical anomaly that is similar to that at Eleonore. Grab samples taken at the bottom of a pit returned values up to 9 g/t Au and limited shallow drilling in hole T17RC025 returned values of 1 m @ 4.5 g/t Au and 6 m @ 1.59 g/t Au. Additional shallow drilling is scheduled for this new zone as part of an ongoing drilling program to further substantiate this discovery as well as to potentially continue to extend the mineralized zone. The Phase III 20,000-meter reverse-circulation ('RC') and 5,000-meter diamond-drill ('DDH') drilling program was initiated on February 1, 2017 with the objective to further delineate the high-grade gold deposit. As of April 21, 2017, 72 RC holes, 11 DDH and 14 RC pre-collar/diamond tails were completed for 10,054 meters of RC and 2,520 meters of diamond drilling. As of April 21, 2017, 6,455 samples (excluding QA/QC) from the Phase III drilling program were sent to the SGS Bamako lab facility for analysis. To date, the Corporation is in receipt of 3,553 RC and 226 DDH results, with assays still pending for 2,133 RC and 433 DDH samples. The Phase III drilling program remains ongoing and is expected to be completed by the end of the second quarter 2017. Algold has sufficient cash on hand to complete all planned Phase III drilling, including related fieldwork, assays preparation and analysis. Detailed geological descriptions of all mineralized zones can be found on Algold's website (http://www.algold.com) and on SEDAR (http://www.sedar.com) in the report entitled 'Algold 43-101 Technical Report: Tijirit Maiden Mineral Resources Estimates for the Tijirit Gold Project in Mauritania'. Analytical work for drill core and chips, geochemical samples and rock chip samples is being carried out at the independent SGS Laboratories Ltd. in Bamako, Mali. The 50 g fire assay with ASS finish analytical services are accredited by SANAS and are carried out with a quality assurance protocol in line with ISO 17025:2005. Samples are stored at the Corporation's field camps and put into sealed bags until delivered by a geologist on behalf of Algold to the laboratory in Bamako, Mali, where samples are prepared and analyzed. Until the end of 2016, samples were analyzed at ALS's facility in Loughrea, Ireland. Beginning in 2017, samples are analyzed at SGS Laboratory, Bamako. Samples are logged in the tracking system, weighed, dried and finely crushed to better than 70%, passing a 2 mm (Tyler 9 mesh, US Std. No.10) screen. A split of up to 1,000 g is taken and pulverized to better than 85%, passing a 75-micron (Tyler 200 mesh) screen, and a 50-gram split is analyzed by fire assay with an AA finish. Anomalous samples greater than 5 g/t Au are re-analyzed by 50 g fire assay with gravimetric finish. Selected samples may be re-analyzed using a 1 kg cyanide leach (Bottle Roll) using 'LeachWELL' or the 1 kg screen fire assay method. Blanks, duplicates and certified reference material (standards) are inserted to monitor laboratory performance during the analysis. This press release has been reviewed for accuracy and compliance under National Instrument 43-101 by André Ciesielski, DSc., PGeo., Algold Resources Ltd Lead Consulting Geologist and Qualified Person, and Alastair Gallaugher, C.Geo. (Chartered Geologist and Fellow of the Geological Society of London), BSc. Geology, Algold's Exploration Manager in Mauritania, Qualified Persons as defined by NI 43−101 Standards of Disclosure for Mineral Projects. André Ciesielski has further approved the scientific and technical disclosure in the news release. Algold Resources Ltd. is focused on the exploration and development of gold deposits in West Africa. The board of directors and management team are seasoned resource industry professionals with extensive experience in the exploration and development of world-class gold projects in Africa. This press release contains and refers to forward-looking information based on current expectations. All other statements other than statements of historical fact included in this release are forward-looking statements (or forward-looking information). The Corporation's plans involve various estimates and assumptions and its business is subject to various risks and uncertainties. For more details on these estimates, assumptions, risks and uncertainties, see the Corporation's most recent Management Discussion and Analysis on file with the Canadian provincial securities regulatory authorities on SEDAR at http://www.sedar.com. These forward-looking statements are made as of the date hereof and there can be no assurance that such statements will prove to be accurate. Forward-looking statements are subject to significant risks and uncertainties, and actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements that are included herein, except in accordance with applicable securities laws.


These new results further increase the strike and down dip extensions of both Eleonore North and Eleonore South.  These two areas, along with Eleonore Central, remain open along strike and at depth. In hole T17RC084, the structure hosting the mineralization appears open down dip. Thirteen meters of plus-1g/t Au mineralization were intersected with significant gold grades, up to 23.7 g/t Au, occurring in an area of increasing quartz veining. The shear zone assemblage hosting the gold mineralization, as per the other Eleonore areas, is dominated by high-strain biotite alteration and disseminated pyrite and pyrrhotite (locally up to 1%).  Further drilling is planned to test the potential down-dip continuity within the actual Phase III Drilling Program. Hole T17RC075 demonstrates the continuity of mineralization along the major north-south trending structures at Eleonore South as well as the variability in mineralized grades along structures. Algold is also in receipt of drilling results from the Nour Vein, discovered in the fall of 2016, situated seven kilometers north of the Eleonore mineralized zone. Three provisional drill holes were carried out testing the mineralization at depths of up to 50 meters below surface. The results returned low gold anomalies associated with quartz veining at an ultramafic/mafic contact. While the initial drill holes did not return values comparable to the rock chip sampling carried out at surface, Algold is optimistic that the structure has been intersected, which further reinforces the theory that Eleonore represents a portion of a 20-kilometer-long structure extending throughout the permitted area. The Phase III 20,000-meter reverse-circulation ("RC") and 5,000-meter diamond-drill ("DDH") drilling program was initiated on February 1, 2017 with the objective to further delineate the high-grade gold deposit. As of May 21, 2017, 108 RC holes, 15 DDH and 16 RC pre-collar/diamond tails were completed for 13,658 meters of RC and 3,669.9 meters of diamond drilling. As of May 21, 2017, 6,945 samples (excluding QA/QC and re-assays) from the Phase III drilling program had been sent to the SGS Bamako lab facility for analysis. To date, the Corporation is in receipt of 5,683 RC and 439 DDH results, with assays still pending for 417 RC and 406 DDH samples. The Phase III drilling program remains ongoing and is expected to be completed by the end of the second quarter 2017. Note: Complete assay results are available on Algold's website (www.algold.com) Detailed geological descriptions of all mineralized zones can be found on Algold's website (www.algold.com) and on SEDAR (www.sedar.com) in the report entitled "Algold 43-101 Technical Report: Tijirit Maiden Mineral Resources Estimates for the Tijirit Gold Project in Mauritania, dated August 4, 2016". Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Analytical work for drill core and chips, geochemical samples and rock chip samples is being carried out at the independent SGS Laboratories Ltd. in Bamako, Mali.  The 50 g fire assay with ASS finish analytical services are accredited by SANAS and are carried out with a quality assurance protocol in line with ISO 17025:2005. Samples are stored at the Corporation's field camps and put into sealed bags until delivered by a geologist on behalf of Algold to the laboratory in Bamako, Mali, where samples are prepared and analyzed. Until the end of 2016, samples were analyzed at ALS's facility in Loughrea, Ireland. Beginning in 2017, samples are analyzed at SGS Laboratory, Bamako. Samples are logged in the tracking system, weighed, dried and finely crushed to better than 70%, passing a 2 mm (Tyler 9 mesh, US Std. No.10) screen. A split of up to 1,000 g is taken and pulverized to better than 85%, passing a 75-micron (Tyler 200 mesh) screen, and a 50-gram split is analyzed by fire assay with an AA finish.  Anomalous samples greater than 5 g/t Au are re-analyzed by 50 g fire assay with gravimetric finish.  Selected samples may be re-analyzed using a 1 kg cyanide leach (Bottle Roll) using "LeachWELL" or the 1 kg screen fire assay method.  Blanks, duplicates and certified reference material (standards) are inserted to monitor laboratory performance during the analysis. This press release has been reviewed for accuracy and compliance under National Instrument 43-101 by André Ciesielski, DSc., PGeo., Algold Resources Ltd. Lead Consulting Geologist and Qualified Person, and Alastair Gallaugher, C.Geo. (Chartered Geologist and Fellow of the Geological Society of London), BSc. Geology, Algold's Exploration Manager in Mauritania, Qualified Persons as defined by NI 43−101 Standards of Disclosure for Mineral Projects. André Ciesielski has further approved the scientific and technical disclosure in the news release. ABOUT ALGOLD Algold Resources Ltd. is focused on the exploration and development of gold deposits in West Africa. The board of directors and management team are seasoned resource industry professionals with extensive experience in the exploration and development of world-class gold projects in Africa. This press release contains and refers to forward-looking information based on current expectations. All other statements other than statements of historical fact included in this release are forward-looking statements (or forward-looking information). The Corporation's plans involve various estimates and assumptions and its business is subject to various risks and uncertainties. For more details on these estimates, assumptions, risks and uncertainties, see the Corporation's most recent Management Discussion and Analysis on file with the Canadian provincial securities regulatory authorities on SEDAR at www.sedar.com. These forward-looking statements are made as of the date hereof and there can be no assurance that such statements will prove to be accurate. Forward-looking statements are subject to significant risks and uncertainties, and actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements that are included herein, except in accordance with applicable securities laws.


These new results further increase the strike and down dip extensions of both Eleonore North and Eleonore South.  These two areas, along with Eleonore Central, remain open along strike and at depth. In hole T17RC084, the structure hosting the mineralization appears open down dip. Thirteen meters of plus-1g/t Au mineralization were intersected with significant gold grades, up to 23.7 g/t Au, occurring in an area of increasing quartz veining. The shear zone assemblage hosting the gold mineralization, as per the other Eleonore areas, is dominated by high-strain biotite alteration and disseminated pyrite and pyrrhotite (locally up to 1%).  Further drilling is planned to test the potential down-dip continuity within the actual Phase III Drilling Program. Hole T17RC075 demonstrates the continuity of mineralization along the major north-south trending structures at Eleonore South as well as the variability in mineralized grades along structures. Algold is also in receipt of drilling results from the Nour Vein, discovered in the fall of 2016, situated seven kilometers north of the Eleonore mineralized zone. Three provisional drill holes were carried out testing the mineralization at depths of up to 50 meters below surface. The results returned low gold anomalies associated with quartz veining at an ultramafic/mafic contact. While the initial drill holes did not return values comparable to the rock chip sampling carried out at surface, Algold is optimistic that the structure has been intersected, which further reinforces the theory that Eleonore represents a portion of a 20-kilometer-long structure extending throughout the permitted area. The Phase III 20,000-meter reverse-circulation ("RC") and 5,000-meter diamond-drill ("DDH") drilling program was initiated on February 1, 2017 with the objective to further delineate the high-grade gold deposit. As of May 21, 2017, 108 RC holes, 15 DDH and 16 RC pre-collar/diamond tails were completed for 13,658 meters of RC and 3,669.9 meters of diamond drilling. As of May 21, 2017, 6,945 samples (excluding QA/QC and re-assays) from the Phase III drilling program had been sent to the SGS Bamako lab facility for analysis. To date, the Corporation is in receipt of 5,683 RC and 439 DDH results, with assays still pending for 417 RC and 406 DDH samples. The Phase III drilling program remains ongoing and is expected to be completed by the end of the second quarter 2017. Note: Complete assay results are available on Algold's website ( www.algold.com Detailed geological descriptions of all mineralized zones can be found on Algold's website (www.algold.com) and on SEDAR (www.sedar.com) in the report entitled "Algold 43-101 Technical Report: Tijirit Maiden Mineral Resources Estimates for the Tijirit Gold Project in Mauritania, dated August 4, 2016". Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Analytical work for drill core and chips, geochemical samples and rock chip samples is being carried out at the independent SGS Laboratories Ltd. in Bamako, Mali.  The 50 g fire assay with ASS finish analytical services are accredited by SANAS and are carried out with a quality assurance protocol in line with ISO 17025:2005. Samples are stored at the Corporation's field camps and put into sealed bags until delivered by a geologist on behalf of Algold to the laboratory in Bamako, Mali, where samples are prepared and analyzed. Until the end of 2016, samples were analyzed at ALS's facility in Loughrea, Ireland. Beginning in 2017, samples are analyzed at SGS Laboratory, Bamako. Samples are logged in the tracking system, weighed, dried and finely crushed to better than 70%, passing a 2 mm (Tyler 9 mesh, US Std. No.10) screen. A split of up to 1,000 g is taken and pulverized to better than 85%, passing a 75-micron (Tyler 200 mesh) screen, and a 50-gram split is analyzed by fire assay with an AA finish.  Anomalous samples greater than 5 g/t Au are re-analyzed by 50 g fire assay with gravimetric finish.  Selected samples may be re-analyzed using a 1 kg cyanide leach (Bottle Roll) using "LeachWELL" or the 1 kg screen fire assay method.  Blanks, duplicates and certified reference material (standards) are inserted to monitor laboratory performance during the analysis. This press release has been reviewed for accuracy and compliance under National Instrument 43-101 by André Ciesielski, DSc., PGeo., Algold Resources Ltd. Lead Consulting Geologist and Qualified Person, and Alastair Gallaugher, C.Geo. (Chartered Geologist and Fellow of the Geological Society of London), BSc. Geology, Algold's Exploration Manager in Mauritania, Qualified Persons as defined by NI 43−101 Standards of Disclosure for Mineral Projects. André Ciesielski has further approved the scientific and technical disclosure in the news release. ABOUT ALGOLD Algold Resources Ltd. is focused on the exploration and development of gold deposits in West Africa. The board of directors and management team are seasoned resource industry professionals with extensive experience in the exploration and development of world-class gold projects in Africa. This press release contains and refers to forward-looking information based on current expectations. All other statements other than statements of historical fact included in this release are forward-looking statements (or forward-looking information). The Corporation's plans involve various estimates and assumptions and its business is subject to various risks and uncertainties. For more details on these estimates, assumptions, risks and uncertainties, see the Corporation's most recent Management Discussion and Analysis on file with the Canadian provincial securities regulatory authorities on SEDAR at www.sedar.com. These forward-looking statements are made as of the date hereof and there can be no assurance that such statements will prove to be accurate. Forward-looking statements are subject to significant risks and uncertainties, and actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements that are included herein, except in accordance with applicable securities laws.


News Article | November 7, 2016
Site: www.marketwired.com

TORONTO, ONTARIO--(Marketwired - Nov. 7, 2016) - Romios Gold Resources Inc. ("Romios" or the "Company") (TSX VENTURE:RG)(OTC PINK:RMIOF)(FRANKFURT:D4R) is pleased to announce assay results from its recently completed four hole diamond drilling program at its Lundmark-Akow Lake copper-gold project in northwestern Ontario, approximately 18 km (11.2 miles) NNW of Goldcorp's Musselwhite gold mine. As reported previously (Romios News Release October 13, 2016), a total of 1,826 m (5,990 ft.) of NQ drilling was completed with individual hole lengths ranging from 399 m (1,309 ft.) to 528 m (1,732 ft.). Three of these holes, #RGR-16-1, RGR-16-2 and RGR-16-4, tested a series of parallel north-northwest trending geophysical anomalies over a strike length of approximately 1,500 m (4,920 ft.). The copper-gold bearing stratigraphic horizon (mineralized zone), identified by Romios in earlier drilling on the property, was expanded significantly by the recent drill program. The mineralized zone was shown to continue to the north for approximately 450 m (1,475 ft.), to the south for 100 m (330 ft.) and to depth of about 120 m (393 ft.) beyond that outlined in the earlier drilling carried out in 1998 and 1999. The projection of the copper-gold zone discovered by Romios in those drill programs was targeted at depths of approximately 200 to 300 m (656 to 984 ft.) in this most recent drilling. The three recent holes noted above each intersected a package of hydrothermally altered metasedimentary and volcaniclastic rocks including various staurolite-garnet-biotite-sericite schists which hosted intermittent zones of copper-(gold) mineralization. The alteration is commonly pervasive over tens of metres and is evidenced by a pronounced coarsening in minerals such as garnet and staurolite as well as cross-cutting veins of massive biotite with very coarse-grained garnets and/or staurolite. Both the pervasive and vein-type alteration contain chalcopyrite +/- pyrrhotite mineralisation in the form of thin seams along the foliation, semi-massive veinlets, and as fracture fillings in the coarse-grained garnets. Gold values up to 1.4 g/t and copper values up to 2.51% were returned from this program. The most notable zone of mineralization encountered in hole RGR-16-1 was from 274.7 m to 289.5 m (899 ft. to 950 ft.) (a core length of 14.8 m or 48.6 ft.) which assayed 0.22% copper and 0.1 g/t gold. This intersection is approximately 120 m (393 ft.) vertically below a comparable intersection 12 m (39 ft.) of 0.20% copper and 0.1 g/t gold) that was encountered in hole DDH-99-3 drilled in 1999. The most notable mineralization encountered in Hole RGR-16-2 included two zones, one averaging 0.21% copper and 0.08 g/t gold over a core length of 14.35 m (47.1 ft.) and the other, 0.31% copper and 0.12 g/t gold over a core length of 6.55 m (21.5 ft.) which included a core length of 2.95 m (9.7 ft.) that assayed 0.59% copper and 0.22 g/t gold, Hole RGR-16-4 intersected four zones of mineralization which ranged between 5.3 m (17.4 ft.) and 10.75 m (35.3 ft.) and assayed between 0.13% copper and 0.07 g/t gold and 0.32% copper and 0.18 g/t gold. Drill hole RGR-16-3 tested a partially defined electromagnetic conductor and weak magnetic high about 400 m (1,312 ft.) west of the copper-(gold) zone and did not intersect any significant mineralisation. Drill hole locations are indicated on the map previously posted with the October 13, 2016 news release on the Romios website, www.romios.com. Based on an analysis of core angles within the hydrothermally altered zones, it is believed that the true width of the various mineralized zones described in this press release is approximately 75% of the core lengths shown. In addition to the altered and mineralized schists described above, drill hole RGR-16-2 also intersected three metres of tourmalinite-bearing sericite schists and tourmalinite veins with abundant chalcopyrite veinlets. The presence of tourmalinite and the overall style and continuity of the alteration and mineralization in the schists suggests that this copper-(gold) zone is part of an extensive hydrothermal system, similar to those found associated with some economic, massive sulphide systems. Lithogeochemical analysis of the altered rocks is underway in an effort to better understand this system, its geological setting and its potential. A more in-depth analysis of the results from the various geophysical programs that have been conducted over the property will also be carried out. Tom Drivas, President and CEO of Romios, comments: "The recent drilling carried out on Romios' property at Lundmark-Akow Lake to test the significance of a series of parallel north-northwest trending geophysical anomalies over a strike length of approximately 1,500 m (4,920 ft.) encountered extensive disseminated and stringer-type copper mineralization accompanied by a highly anomalous gold component. The results reinforce management's belief that the discovery is one that exhibits considerable potential and may represent a halo of mineralization around a more massive copper sulphide body within an extensive hydrothermal system, one that is worthy of a further comprehensive exploration program which should include considerable diamond drilling." The drill has been left on-site for potential additional drilling. All samples were submitted to Activation Laboratories Ltd. in Thunder Bay, Ontario for assay. As a matter of procedure, a rigorous quality assurance and quality control program was implemented to ensure reliable assay results. The technical information in this news release has been reviewed and approved by John Biczok, P. Geo., Consulting Geologist for Romios and a Qualified Person as defined by National Instrument 43-101. Romios Gold Resources Inc., a progressive Canadian mineral exploration company established in 1995, is engaged in precious and base metal exploration primarily focused on gold, silver and copper in its properties in British Columbia centrally located between Galore Creek Mining Corporation's large copper-gold-silver deposit and Barrick's high grade gold mine at Eskay Creek. In addition to the Lundmark-Akow Lake and Hislop properties in Ontario, Romios has other property interests in Quebec and Nevada. This News Release contains forward-looking statements which are typically preceded by, followed by or including the words "believes", "expects", "anticipates", "estimates", "intends", "plans" or similar expressions. Forward-looking statements are not guarantees of future performance as they involve risks, uncertainties and assumptions. We do not intend and do not assume any obligation to update these forward- looking statements and shareholders are cautioned not to put undue reliance on such statements. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


News Article | December 8, 2016
Site: www.marketwired.com

TORONTO, ONTARIO--(Marketwired - Dec. 8, 2016) - Dalradian Resources Inc. (TSX:DNA) (AIM:DALR) ("Dalradian" or the "Company") announces results from a third test stope at its Curraghinalt Gold Project in Northern Ireland. Stope 3 is located on the V-75 vein complementing two previous test stopes in the same area. The third stope was used to validate the long-hole mining method on a relatively shallow dipping (50-55°) portion of the vein in comparison to Stopes 1 and 2, which had dips of 73° and 76° respectively. Stope 3 attained an average width of 1.80 metres, with estimated dilution to the designed stope of 64% and removal of an estimated 303 ounces of gold at a grade of 9.41 g/t from 1,001 tonnes of material. "I am particularly pleased with the results from the third stope. This demonstrates our ability to long-hole stope veins at the shallow end of the range that we are likely to encounter at this deposit. The dilution was lower than predicted by the model and resulted in a diluted grade of 9.41 g/t of gold. With the exception of a single wedge failure in the footwall at the end of mining, Stope 3 remained open without support for several weeks. This indicates that we can easily manage dilution from the footwall by using simple low cost methods such as cable bracing." Table 1: Comparison of contained ounces of gold between resource model and test stoping results ** Design grade is based on the 2016 resource model; actual results grade is based on extensive muck sampling *** Design width is the minimum width necessary to recover all of the mineralized material predicted **** Post-mining volume was corrected to reflect removal of a single 190 tonne non-dilutory slab which fell into the stope void in the absence of normal operational ground support methods and after mucking The third test stoping area is in close proximity to the first two test stopes, approximately 60 metres below the surface on the V-75 vein at the deepest point of the current development (see figures 1-3 for location; all figures referenced in this news release can be accessed at http://www.dalradian.com/news-and-events/news-releases/news-releases-details/December-8-2016-News-Release-Figures/default.aspx). This location was selected as it contained shallower dipping veining than in Stopes 1 and 2, thereby testing long-hole mining in a more broadly representative manner. Stope 3 was 15 metres long and 14.1 metres high (see figures 4 and 5). Orica Mining Services aided in the design of the test stoping program, while CMAC-Thyssen worked alongside Dalradian staff in drilling and blasting the test stopes. The design of the stopes was based on 100% recovery of the vein using zipper drilling to reduce the amount of drilling, the powder factor and minimize dilution. The dilution anticipated by the preliminary geotechnical model was 85% on Stope 3 with a length of 15 metres, whereas actual results were 64% dilution with a 15 metre length. Eric Tremblay, P.Eng., Chief Operating Officer, and Greg Hope, MSc, MAIG, Chief Consulting Geologist, Dalradian Resources, are the Qualified Persons who supervised the preparation of the technical data in this news release. Underground development along the veins was sampled by the Production Geologist via chip panel sampling, across the full width of the face for each round on advance. Distinct geological zones were sampled separately (vein separate from wall rock), with a general minimum-maximum horizontal sample width of 0.10 metre to 1 metre and chip sizes approximating 3-4 centimetres. Four to five kilograms of material was chipped with a rock hammer from two thirds the height of each face down to the sill, in volumetric proportion based on relative abundance of mineralization versus gangue. Sample locations were measured from a surveyed control point. Channel samples were saw-cut into the sills of the 170 and 150 western sublevels along the V-75 vein for comparison with face and drill hole sampling. Samples were submitted to ALS Laboratories in the Republic of Ireland. Muck samples were taken continuously throughout the mucking process of each stope, at a frequency of 1 sample taken every two scoop buckets from the stope (each scoop bucket contains an estimate of 2.6 tonnes of muck). Sampling was done by the scoop operator, using a shovel to put muck into the individual sample bags, which allowed a representative sample of both coarse and fine rock fragments to be collected. Sampling was done by the same three individuals over the whole period of the program for consistency and the Production Geologist performed regular audits of the sampling technique. Sample bags were numbered in sequence representing the scoop bucket from which they were taken. The sample bags were tagged and secured by the Production Geologist and samples were submitted to ALS Laboratories in the Republic of Ireland. 367 muck samples were taken from Stope 3, totalling 1.8 tonnes of ore, or an average of 5 kg per sample. Quality assurance and quality control procedures identified no material issues. Face, channel and muck samples were analyzed by a 50 gram gold fire assay with either an atomic absorption, or a gravimetric finish for samples initially reporting over 100.0 g/t gold. ALS Laboratories is accredited by the Irish National Accreditation Board (INAB) to undertake testing, including for Ores and Minerals (INAB P9 703), as detailed in the Schedule bearing the Registration Number 173T, in compliance with the International Standard ISO/IEC 17025:2005 2nd Edition "General Requirements for the Competence of Testing and Calibration Laboratories". Dalradian Resources Inc. is a gold exploration and development company that is focused on advancing its high-grade Curraghinalt Gold Project located in Northern Ireland, United Kingdom. The Company is completing a work program in support of a planning (permitting) application for construction of an operating mine at Curraghinalt. Components of the program include a feasibility study, an environmental and social impact assessment and underground exploration (960 metres of development with associated test stoping). In May 2016, Dalradian announced an updated mineral resource estimate for Curraghinalt, including a 109% increase in gold ounces contained in the Measured and Indicated categories compared with the 2014 resource. The current resource consists of 2.1 million ounces of contained gold in the Measured and Indicated categories (5.61 million tonnes at 11.61 g/t) and 2.3 million ounces of contained gold in the Inferred category (7.13 million tonnes at 10.06 g/t gold). For further information, see the NI 43-101 technical report entitled, "Technical Report for the Northern Ireland Gold Project, Northern Ireland", dated June 17, 2016 and prepared by Dr. Jean-Francois Couture, P. Geo. (APGO#0197) and Dr. Oy Leuangthong, P. Eng. (PEO#90563867), both of SRK Consulting (Canada) Inc. and Stacy Freudigmann, P. Eng. (APEGBC #33972) of JDS Energy & Mining Inc. This news release contains "forward looking information" which may include, but is not limited to, statements with respect to the future financial or operating performance of the Company and its subsidiaries and its mineral project, the future price of metals, test work and confirming results from work performed to date, the estimation of mineral resources, the realization of mineral resource estimates, the timing and amount of estimated future production, costs of production, capital, operating and exploration expenditures, costs and timing of the development of new deposits, costs and timing of future exploration, requirements for additional capital, government regulation of mining operations, environmental risks, reclamation expenses, title disputes or claims, limitations of insurance coverage, the timing and possible outcome of pending regulatory matters and the realization of the expected economics of the Curraghinalt gold deposit. Often, but not always, forward looking statements can be identified by the use of words and phrases such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or statements that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward looking statements are based on the opinions and estimates of management as of the date such statements are made and are based on various assumptions such as the continued political stability in Northern Ireland, that permits required for Dalradian's operations will be obtained on a timely basis in order to permit Dalradian to proceed on schedule with its planned exploration and development programs, that skilled personnel and contractors will be available as Dalradian's operations continue to grow, that the price of gold will be at levels that render Dalradian's mineral project economic, that the Company will be able to continue raising the necessary capital to finance its operations and realize on mineral resource estimates and current mine plans, that the assumptions contained in the Company's Technical Report are accurate and complete, that the results of the Environmental and Social Impact Assessment and the Feasibility Study will be positive and that a permitting application for mine construction will be approved. Forward looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Dalradian to be materially different from any future results, performance or achievements expressed or implied by the forward looking statements. Such factors include, among others, general business, economic, competitive, political and social uncertainties; the actual results of current and future exploration activities; the actual results of reclamation activities; conclusions of economic evaluations; meeting various expected cost estimates; changes in project parameters and/or economic assessments as plans continue to be refined; future prices of metals; possible variations of mineral grade or recovery rates; the risk that actual costs may exceed estimated costs; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes and other risks of the mining industry; political instability; delays in obtaining governmental approvals or financing or in the completion of development or construction activities, as well as those factors discussed in the section entitled "Risk Factors" in the Company's annual information form. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward looking statements contained herein are made as of the date of this news release and the Company disclaims any obligation to update any forward looking statements, whether as a result of new information, future events or results, except as may be required by applicable securities laws. There can be no assurance that forward looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking statements.


Rock Chip Sample of 17.2 g/t Au (*) from New High Grade Gold Occurrence Identified 8 Kilometers North of Eleonore ALGOLD RESOURCES LTD. (TSX.V: ALG - the "Corporation") today announced partial assay results from its Phase II - 10,000-meter drilling campaign carried out on the Tijirit property ("Tijirit") in Mauritania. These most recent results have extended the potential target to a 3.4-kilometer strike mineralized corridor within the Eleonore Zone, which is delineated by three high-grade areas: the north, central and south areas. The north area extends over 900 meters, and the central and south areas extend over 500 meters and over 800 meters, respectively. All areas appear open along strike and at depth. (Figure 1). "These recent results, validating the presence of numerous parallel quartz veins, substantially enlarge the width of the mineralized corridor," stated François Auclair, Algold's President and Chief Executive Officer, "Accordingly, we anticipate a considerable increase in the mineralised volume within the structural corridor, which should represent a significant contribution to the resources estimate which is schedule to be delivered in late Q4 2016 or early Q1 2017." The gold mineralization at Eleonore is made up of a series of sheared quartz veins displaying variable gold grades, widths and strike orientations, forming a continuum over 3.4 kilometers of strike. The northern area displays the highest-grade gold mineralization (Figure 2), the central area (Figure 3) appears to be made up of one or two high-grade gold veins and the southern area seems to host a large array, or swarm, of quartz veins of all types (Figure 4). Gold grades appear possibly related with both the size of the vein and their sulphide mineralization content. Algold also announced the discovery of a new high-grade gold occurrence, the Nour discovery, which is located eight kilometers along strike, north of the Eleonore Zone. Preliminary assay results from panel chip samples (* over an area of 2X1 metres) taken at the base of a series 2 metres pit are very promising with the highest-grade sample returning 17.2 g/t Au. Nour consists of a series of gold bearing vitreous quartz veins striking over 400 meters, open along strike, and up to several meters wide. The structure resembles the type of mineralization observed at Eleonore. (Figure 5) The mineralization at Eleonore is indicative of high strain deformations with boudinage and pinch and swell along strike. Several diamond core holes will be drilled to help assess the structural pattern of this area and to assist with resource modelling and future drill hole placement. Algold expects to complete the Phase II drilling program in December 2016. The results of the combined Phase I and Phase II drilling programs, as well as previous operators' results will serve as the basis for a resource estimate, which is scheduled to be completed in late 2016 or early 2017. Detailed geological descriptions of all mineralized zones can be found on Algold's website (http://www.algold.com) and on SEDAR (http://www.sedar.com) in the report entitled "Algold 43-101 Technical Report: Tijirit Maiden Mineral Resources Estimates for the Tijirit Gold Project in Mauritania". Quality Assurance / Quality Control (QA/QC) Analytical work for drill core and chips, geochemical samples and rock chip samples is being carried out at the independent ALS Laboratories Ltd. in Loughrea, Co. Galway, Ireland, an ISO 17025 (2005) Certified Laboratory. Samples are stored at the Corporation's field camps and put into sealed bags until delivered by a geologist to the ALS preparation laboratory in Nouakchott, Mauritania, where samples are sieved and prepared for shipping. Until the end of 2015, samples were analysed at ALS facility in Bamako, Mali. Since early 2016, samples are analysed at the ALS in Ireland. Samples are logged in the tracking system, weighed, dried and finely crushed to better than 70%, passing a 2 mm (Tyler 9 mesh, US Std. No.10) screen. A split of up to 1,000 g is taken and pulverized to better than 85%, passing a 75 micron (Tyler 200 mesh) screen, and a 50-gram split is analysed by fire assay with an AA finish. Blanks, duplicates and certified reference material (standards) are being used to monitor laboratory performance during the analysis. This press release has been reviewed for accuracy and compliance under National Instrument 43-101 by André Ciesielski, DSc., PGeo., Algold Resources Ltd Lead Consulting Geologist and Qualified Person, and Alastair Gallaugher, C.Geo. (Chartered Geologist and Fellow of the Geological Society of London), BSc. Geology, Algold's Exploration Manager in Mauritania, Qualified Persons as defined by NI 43−101 Standards of Disclosure for Mineral Projects. André Ciesielski has further approved the scientific and technical disclosure in the news release. ABOUT ALGOLD Algold Resources Ltd is focused on the exploration and development of gold deposits in West Africa. The board of directors and management team are seasoned resource industry professionals with extensive experience in the exploration and development of world-class gold projects in Africa. Algold is the operator of all of its exploration licenses in Mauritania. Algold owns 100% of Tijirit, which represents an area of more than 1,000 km[2], situated approximately 25 kilometers southeast of the Tasiast gold mine as well as the Akjout properties, which were acquired from Gryphon Minerals (Australia) through a transaction completed earlier in 2016. Exploration is being carried out on the Eleonore, Sophie I, Sophie II-III and Lily zones. The Kneivissat property is 90% owned by Algold and the Legouessi property is being managed through a 51% earn-in interest agreement with Caracal Gold LLC. Algold can earn up to a 90% interest in the Legouessi exploration permit (reference Algold's press release dated October 10, 2013 for more details), however, Caracal has the right to participate in the joint venture at either 51% or 75% by funding its share of expenditures. This press release contains and refers to forward-looking information based on current expectations. All other statements other than statements of historical fact included in this release are forward-looking statements (or forward-looking information). The Corporation's plans involve various estimates and assumptions and its business is subject to various risks and uncertainties. For more details on these estimates, assumptions, risks and uncertainties, see the Corporation's most recent Annual Information Form and most recent Management Discussion and Analysis on file with the Canadian provincial securities regulatory authorities on SEDAR at http://www.sedar.com. These forward-looking statements are made as of the date hereof and there can be no assurance that such statements will prove to be accurate. Forward-looking statements are subject to significant risks and uncertainties, and actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements that are included herein, except in accordance with applicable securities laws.


News Article | February 27, 2017
Site: www.prnewswire.co.uk

ALGOLD RESOURCES LTD. (TSXV: ALG - the "Corporation") is pleased to announce that the Mauritanian Ministry of Environment and Sustainable Development has provided a conclusive acceptance and opinion regarding the Environmental Feasibility of the Tijirit Gold Mine Project, a key step in Algold's strategy for 2017. The acceptance and opinion, represents a significant first step towards the application of a mining lease for Algold's Tijirit Gold Project. Algold CEO Francois Auclair commented, "We thank the Government of Mauritania for helping us quickly advance this project, and look forward to additional collaboration in 2017." This press release has been reviewed for accuracy and compliance under National Instrument 43-101 by André Ciesielski, DSc., PGeo., Algold Resources Ltd. Lead Consulting Geologist and Qualified Person, as defined by NI 43−101 Standards of Disclosure for Mineral Projects. André Ciesielski has further approved the scientific and technical disclosure in the news release. ABOUT ALGOLD Algold Resources Ltd. is focused on the exploration and development of gold deposits in West Africa. The board of directors and management team are seasoned resource industry professionals with extensive experience in the exploration and development of world-class gold projects in Africa. CAUTIONARY LANGUAGE REGARDING FORWARD-LOOKING INFORMATION This news release contains and refers to forward-looking information based on current expectations. All other statements other than statements of historical fact included in this release are forward looking statements (or forward-looking information). The Corporation's plans involve various estimates and assumptions and its business is subject to various risks and uncertainties. For more details on these estimates, assumptions, risks and uncertainties, see the Corporation's most recent Annual Information Form and most recent Management Discussion and Analysis on file with the Canadian provincial securities regulatory authorities on SEDAR at http://www.sedar.com. These forward looking statements are made as of the date hereof and there can be no assurance that such statements will prove to be accurate, such statements are subject to significant risks and uncertainties, and actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements that are included herein, except in accordance with applicable securities laws. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release


News Article | November 8, 2016
Site: marketersmedia.com

Readers are reminded that grab samples vary in size, are selective by nature and may not accurately represent all or part of the rest of the Property. Management is very pleased with the assay results on the Samples, and in particular with the continued cobalt presence and the multiple strong gold values. Selected assay results for the cobalt and gold values are reported below. The complete assay results will be available on Green Swan's website. As Green Swan reported on Sept 26th, 2016, management theorizes that mineralized quartz veins up to 1.2 metres wide occur over a 10 to 20 metre wide pinch and swell zone extending discontinuously up to 50 metres from Ed's Watering Hole northward, within the contact zone between the Nipissing Gabbro to the west, and Sudbury Breccia and metasediments to the east. Numerous cross faults and shearing appear to offset the various quartz veins and rock types. Patchy skarn alteration occurs along this contact zone. Management believes the recent results from the Samples continue to support this theory, and as a result, the diamond drill program will focus exclusively around Ed's Watering Hole. A map showing the location of the Property, its close proximity to Glencore plc's smelter and key data points can be seen at Green Swan's website at http://www.greenswancapital.com/map-of-copper-prince.html. The map does not show Green Swan's recently acquired claims in the area. Pictures of some of the samples can also be found on the website. The Samples were delivered to AGAT Laboratories Ltd. who prepared and analysed the samples using multi-elemental geochemical packages. AGAT used the Sodium Peroxide Fusion method for a more vigorous means of decomposition to completely break-down samples and difficult-to-dissolve minerals into a molten flux. AGAT then used an Inductively Coupled Plasma - Optical Emission Spectroscopy (ICP-OES) finish to confirm a baseline detection of base and trace metal values. Sulfur was determined using the LECO (Combustion IR) method. The precious metals (Pt, Pd, and Au) used a 30 g sample for Fire Assay with ICP-OES finish. Gold was further accurately determined by Gravimetric methods. AGAT also used a series of internal blanks and standards to confirm accuracy and repeatability of results. Joerg Kleinboeck, P.Geo., Green Swan's Consulting Geologist, a Qualified Person (Q.P.) under National Instrument 43-101, has reviewed and approved the scientific and technical data presented in this press release. The Samples were collected by a former consulting geologist who has not fully communicated his sampling methodology to Mr. Kleinboeck or to Green Swan, and as a result Green Swan has not been able to determine what standards if any were introduced in the testing process. The former consulting geologist verbally advised management soon after taking the Samples that the Samples had been taken from the south end of the Property area proximate to Ed's Watering Hole, but has not yet so confirmed in writing and has not confirmed the precise locations from where the Samples were taken. Mr. Kleinboeck has, subject to the exceptions noted above, supervised the work programs on the Property, visited the Property on several occasions, examined historic third-party data, reviewed results with management, reviewed AGAT Laboratories' analytical and quality control results, and communicated with AGAT for further confirmation. Green Swan Capital Corp. is a Canadian mining company with a proven leadership team, targeting cobalt in Ontario. Green Swan is well-poised to deliver real value to its shareholders. This news release may include statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Green Swan cautions that actual performance will be affected by a number of factors, many of which are beyond its control. Future events and results may vary substantially from what Green Swan currently foresees. Discussion of the various factors that may affect future results is contained in Green Swan's recent filings, available on SEDAR. Green Swan assumes no liability for repeating or referring to any facts, statements, releases, data or reports disseminated by any other issuer. Any reference to any other issuer should be cross-checked for accuracy and context by the reader. 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. On Behalf of the Board of Directors Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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