Utrecht, Netherlands
Utrecht, Netherlands

Time filter

Source Type

News Article | May 11, 2017
Site: marketersmedia.com

VANCOUVER, BC / ACCESSWIRE / May 11, 2017 / Renaissance Gold Inc. (TSX-V: REN) ("RenGold" or the "Company") is pleased to announce it has today signed a share purchase agreement ("SPA") with the shareholders of Kinetic Gold Corp. ("Kinetic"), a private BC corporation, whereby RenGold will acquire all of the shares of Kinetic in exchange for the issue of 6,832,933 common shares ("Consideration Shares") of RenGold (15.64% of RenGold post-closing). The acquisition is subject to regulatory approval. Kinetic was founded in 2011 by Robert P. Felder and Gregory T. Hill to explore for gold and silver in Nevada. Since 2011, Kinetic has acquired a 100% interest in six properties, a 50.1% interest in one property and an option to acquire a 100% interest in three additional properties - all in Nevada. These 10 high-quality properties complement the 15 exploration projects in RenGold's mineral property portfolio and in particular add more good eastern Nevada and trend plays that hold the strongest interest in the market. The acquisition of Kinetic's exploration projects will help replace projects which have or will be sold, optioned or joint ventured, and will accelerate growth in the portfolio when new inventory is important. Evidence of this interest is that the two most recently generated projects, Diamond Point and Spruce East, are being optioned by Kinross within four months of being staked. To keep potential JV partners interested in coming back to the Company, it needs fresh projects, and developing those itself rather than acquiring them will be slower given the Company's expected commitments of time and resources to our recently announced exploration agreements with Coeur and Kinross (see news releases dated February 9 and February 20, 2017). On closing, Robert P. Felder will be appointed to the board and as President of RenGold and Gregory T. Hill will be appointed Principal Geologist. Ronald L. Parratt will become Executive Chairman and remain CEO. Robert P. Felder, B.S., M.S., CPG - Bob has worked as an exploration geologist and in senior management for major and junior mining companies for the past 35 years. This experience has been largely in Nevada, where he has been directly involved in the discovery or resource development of five gold deposits, notably the Long Canyon deposit with Pittston Nevada Gold, New West Gold and Fronteer, and the Twin Creeks, Lone Tree, Trenton Canyon and Valmy deposits with Santa Fe Pacific Gold. For the past 20 years, Bob has served in corporate management and executive positions, where, in addition to his technical and leadership roles in exploration, he has been involved in corporate financing activities, investor relations, and presenting technical and corporate information to the markets. Bob received a Bachelor's degree in Geology and Mineralogy in 1979 and a Master's degree in Geochemistry and Economic Geology in 1981, both from The Ohio State University. Gregory T. Hill, B.A., M.S., CPG - Greg is an exploration geologist with 25 years experience with major and junior mining companies in Nevada, and internationally. This experience includes exploration, development, and expansion of resources at several major Nevada mines including Barrick's Goldstrike mine, the Twin Creeks and Lone Tree mines then operated by Santa Fe Pacific Gold, and the Rosebud mine. He has served in technical and executive roles ranging from mine site exploration and development to prospect generation, project management, financing, and corporate leadership. Greg has worked or consulted for many companies, notably, Harvest Gold, Cambior, Placer Dome, Santa Fe Pacific Gold, and Barrick. Greg is a past President and Director of the Geological Society of Nevada and an active member of the geologic community. Greg received a Bachelor's degree in Geology in 1991 from Western State College of Colorado and a Master's degree in Geology in 1994 from New Mexico Institute of Mining and Technology. To view the graphic, please click here. South Roberts (Carlin-type Au) is a pediment project on the southern Battle Mountain-Eureka Trend. The targets occur along a major structural break interpreted from detailed gravity data, and are further defined by a strong enzyme leach gold anomaly, with associated As and Sb, with a defined strike length of 3.4 miles (5.5 km). Initial drill testing in 2014 has confirmed the presence of a gold bearing hydrothermal system. Ferguson Mountain (Carlin-type Au) is in the platform carbonates of eastern Nevada. Targets are indicated by surface geochemical leakage of Au, As and Sb along structures. Drill targets are defined by the intersection of high angle, gold-bearing structures with extensive dissolution/collapse breccias and strong terra rossa development at the top of the Devonian section. The targets have not been drill tested. Spring Peak (Epithermal Au-Ag) is a well persevered system in the Walker Lane structural corridor near the Aurora, Borealis and Bodie deposits. Spring Peak contains widespread gold on surface, in banded veins with grades up to 35 g Au/t and associated high As, Sb and Hg. Past drilling consisted of mostly shallow vertical holes which encountered widespread gold mineralization with grades up to 1.93 g Au/t. Kinetic's work has defined multiple high-grade bonanza vein targets, which have not been tested by past drilling. Ely Springs (Carlin-type Au) is in the platform carbonates of southeastern Nevada. Rock chip samples up to 1.93 g Au/t with elevated As, Sb, Hg and TI ± base metals occur in lower Paleozoic carbonate rocks displaying jasperoid and extensive development of solution/collapse breccias in a similar stratigraphic setting to Long Canyon. This area has not been explored for gold in a modern context. Jupiter (Carlin-type Au) contains a large, exposed gold-bearing hydrothermal system with a known strike length in excess of 5 kilometers, and limited historic drilling. Extensive mineralized jasperoids, folded and thrusted Cambrian-Ordovician carbonate stratigraphy, Carlin-suite geochemistry and altered felsic dikes represent key prospectivity elements for targeting the discovery of a large Carlin-style gold deposit. Kinetic's geologic and targeting work has developed several new, high-quality, untested drill targets. Pluto (Carlin-type Au) lies within the N-S "Rabbit Trend" and contains surface outcropping of high grade gold up to 13.1 g Au/t. Drill targets are defined by mapping, gravity and surface geochemical surveys and aim to test Antler Sequence rocks beneath the Golconda Thrust, analogous to the Lone Tree and Marigold deposits. Raven (Carlin-type Au) contains a large gold system exposed in and around a window through the Roberts Mountains Thrust. Historical drilling indicates widespread mineralization in both upper and lower plate lithologies. Lower plate targets are minimally tested and represent a significant discovery opportunity in one of the few underexplored classical Carlin-type environments in Nevada. Ecru (Carlin-type Au) lies in a pediment setting on the Battle Mountain-Eureka Trend near the Cortez and Pipeline deposits. Targets are defined by a large dome-shaped gravity high representing an uplifted block of favorable lower plate host rocks and spatially coincident Carlin-suite geochemical anomalies. Barrick has reported high grade drill intercepts (up to 1 oz/t Au) from their adjacent property, drilling on the same gravity feature. Jake (Epithermal Au-Ag) lies within the Northern Nevada rift and contains multiple Au-Ag occurrences. Limited historical drilling has intersected significant mineralization including long runs (>100 feet) of 0.5-1.0 g Au/t mineralization including higher grade intercepts up to 11.3 g Au/t. This project has significant untested targets with strong discovery potential. Many (Carlin-type Au) lies on the Battle Mountain-Eureka Trend directly adjacent to our South Roberts project, and bordering McEwen Mining's Gold Bar project, scheduled to begin production in 2018. Lower plate targets similar to Gold Bar occur under alluvial cover. The principal terms of the SPA provide that upon receipt of regulatory approval RenGold will issue the nine selling shareholders of Kinetic the Consideration Shares. John Tognetti, a shareholder of both RenGold and Kinetic will indirectly own a total of 13.13% of RenGold post closing and will once again be a reporting insider of RenGold. Three directors of RenGold hold an aggregate of 5.14% of the shares of Kinetic and they will be issued an aggregate 351,351 of the Consideration Shares. These three directors declared their conflict and did not vote on the SPA and transaction terms. The Consideration shares will carry a hold period of 12 months from date of issue. Subsequent to closing the acquisition of Kinetic, the Company has agreed to exercise an option to purchase the 49.9% participating interests in the Raven project not held by Kinetic for consideration of the issue of 370,767 common shares of RenGold and the retention by the current holder of the 49.9% participating interest of a 0.5% net smelter returns royalty on the claims of the Raven property as they are currently constituted. The shares will carry a hold period of 12 months from date of issue. Kinetic holds an option to acquire 100% of each of the Ecru, Jake and Many projects until June 30, 2018 for consideration of share of the Company as to 477,331 shares for the Ecru claims, 372,541 shares for the Jake claims and 234,613 shares for the Many claims. The Company has not yet exercised any of these options to purchase. Ronald L. Parratt, President & CEO, stated, "The acquisition of Kinetic accelerates the growth of our Nevada exploration project portfolio with the addition of 10 high quality exploration projects at a time when demand for new exploration opportunities is growing. Although the past many years have been difficult, Bob Felder and Greg Hill have acquired an excellent portfolio of exploration properties primarily by staking in a period with less industry competition. We welcome them both to the RenGold team and know that their substantial exploration experience in Nevada and technical skills will be of great benefit to ongoing activities within RenGold." Robert P. Felder, President & CEO of Kinetic, states, "The combination of Kinetic with Renaissance creates unique synergies that increase our chances for discovery. Our high-quality property portfolios complement each other well and the combination of our collective expertise and experience will create a very strong platform for success. Both Greg and I very much look forward to contributing to the future success of Renaissance Gold." All Kinetic technical data disclosed in this press release, has been verified by the Kinetic's qualified person Robert P. Felder. Renaissance Gold Inc. is a gold/silver exploration company that has a large portfolio of exploration projects in Nevada and Utah. RenGold's objective is to place the projects in exploration earn-in agreements with industry partners who provide exploration funding. RenGold applies the extensive exploration experience and high-end technical skills of its founders and team members to search for and acquire new precious metal exploration projects that are then offered for joint venture. 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. This news release contains certain statements that may be deemed "forward-looking" statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "potential," and similar expressions, or that events or conditions "will," "would," "may," "could," or "should" occur. Although Renaissance Gold Inc. believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of Renaissance Gold Inc's management on the date the statements are made. Except as required by law, Renaissance Gold Inc. undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change. VANCOUVER, BC / ACCESSWIRE / May 11, 2017 / Renaissance Gold Inc. (TSX-V: REN) ("RenGold" or the "Company") is pleased to announce it has today signed a share purchase agreement ("SPA") with the shareholders of Kinetic Gold Corp. ("Kinetic"), a private BC corporation, whereby RenGold will acquire all of the shares of Kinetic in exchange for the issue of 6,832,933 common shares ("Consideration Shares") of RenGold (15.64% of RenGold post-closing). The acquisition is subject to regulatory approval. Kinetic was founded in 2011 by Robert P. Felder and Gregory T. Hill to explore for gold and silver in Nevada. Since 2011, Kinetic has acquired a 100% interest in six properties, a 50.1% interest in one property and an option to acquire a 100% interest in three additional properties - all in Nevada. These 10 high-quality properties complement the 15 exploration projects in RenGold's mineral property portfolio and in particular add more good eastern Nevada and trend plays that hold the strongest interest in the market. The acquisition of Kinetic's exploration projects will help replace projects which have or will be sold, optioned or joint ventured, and will accelerate growth in the portfolio when new inventory is important. Evidence of this interest is that the two most recently generated projects, Diamond Point and Spruce East, are being optioned by Kinross within four months of being staked. To keep potential JV partners interested in coming back to the Company, it needs fresh projects, and developing those itself rather than acquiring them will be slower given the Company's expected commitments of time and resources to our recently announced exploration agreements with Coeur and Kinross (see news releases dated February 9 and February 20, 2017). On closing, Robert P. Felder will be appointed to the board and as President of RenGold and Gregory T. Hill will be appointed Principal Geologist. Ronald L. Parratt will become Executive Chairman and remain CEO. Robert P. Felder, B.S., M.S., CPG - Bob has worked as an exploration geologist and in senior management for major and junior mining companies for the past 35 years. This experience has been largely in Nevada, where he has been directly involved in the discovery or resource development of five gold deposits, notably the Long Canyon deposit with Pittston Nevada Gold, New West Gold and Fronteer, and the Twin Creeks, Lone Tree, Trenton Canyon and Valmy deposits with Santa Fe Pacific Gold. For the past 20 years, Bob has served in corporate management and executive positions, where, in addition to his technical and leadership roles in exploration, he has been involved in corporate financing activities, investor relations, and presenting technical and corporate information to the markets. Bob received a Bachelor's degree in Geology and Mineralogy in 1979 and a Master's degree in Geochemistry and Economic Geology in 1981, both from The Ohio State University. Gregory T. Hill, B.A., M.S., CPG - Greg is an exploration geologist with 25 years experience with major and junior mining companies in Nevada, and internationally. This experience includes exploration, development, and expansion of resources at several major Nevada mines including Barrick's Goldstrike mine, the Twin Creeks and Lone Tree mines then operated by Santa Fe Pacific Gold, and the Rosebud mine. He has served in technical and executive roles ranging from mine site exploration and development to prospect generation, project management, financing, and corporate leadership. Greg has worked or consulted for many companies, notably, Harvest Gold, Cambior, Placer Dome, Santa Fe Pacific Gold, and Barrick. Greg is a past President and Director of the Geological Society of Nevada and an active member of the geologic community. Greg received a Bachelor's degree in Geology in 1991 from Western State College of Colorado and a Master's degree in Geology in 1994 from New Mexico Institute of Mining and Technology. To view the graphic, please click here. South Roberts (Carlin-type Au) is a pediment project on the southern Battle Mountain-Eureka Trend. The targets occur along a major structural break interpreted from detailed gravity data, and are further defined by a strong enzyme leach gold anomaly, with associated As and Sb, with a defined strike length of 3.4 miles (5.5 km). Initial drill testing in 2014 has confirmed the presence of a gold bearing hydrothermal system. Ferguson Mountain (Carlin-type Au) is in the platform carbonates of eastern Nevada. Targets are indicated by surface geochemical leakage of Au, As and Sb along structures. Drill targets are defined by the intersection of high angle, gold-bearing structures with extensive dissolution/collapse breccias and strong terra rossa development at the top of the Devonian section. The targets have not been drill tested. Spring Peak (Epithermal Au-Ag) is a well persevered system in the Walker Lane structural corridor near the Aurora, Borealis and Bodie deposits. Spring Peak contains widespread gold on surface, in banded veins with grades up to 35 g Au/t and associated high As, Sb and Hg. Past drilling consisted of mostly shallow vertical holes which encountered widespread gold mineralization with grades up to 1.93 g Au/t. Kinetic's work has defined multiple high-grade bonanza vein targets, which have not been tested by past drilling. Ely Springs (Carlin-type Au) is in the platform carbonates of southeastern Nevada. Rock chip samples up to 1.93 g Au/t with elevated As, Sb, Hg and TI ± base metals occur in lower Paleozoic carbonate rocks displaying jasperoid and extensive development of solution/collapse breccias in a similar stratigraphic setting to Long Canyon. This area has not been explored for gold in a modern context. Jupiter (Carlin-type Au) contains a large, exposed gold-bearing hydrothermal system with a known strike length in excess of 5 kilometers, and limited historic drilling. Extensive mineralized jasperoids, folded and thrusted Cambrian-Ordovician carbonate stratigraphy, Carlin-suite geochemistry and altered felsic dikes represent key prospectivity elements for targeting the discovery of a large Carlin-style gold deposit. Kinetic's geologic and targeting work has developed several new, high-quality, untested drill targets. Pluto (Carlin-type Au) lies within the N-S "Rabbit Trend" and contains surface outcropping of high grade gold up to 13.1 g Au/t. Drill targets are defined by mapping, gravity and surface geochemical surveys and aim to test Antler Sequence rocks beneath the Golconda Thrust, analogous to the Lone Tree and Marigold deposits. Raven (Carlin-type Au) contains a large gold system exposed in and around a window through the Roberts Mountains Thrust. Historical drilling indicates widespread mineralization in both upper and lower plate lithologies. Lower plate targets are minimally tested and represent a significant discovery opportunity in one of the few underexplored classical Carlin-type environments in Nevada. Ecru (Carlin-type Au) lies in a pediment setting on the Battle Mountain-Eureka Trend near the Cortez and Pipeline deposits. Targets are defined by a large dome-shaped gravity high representing an uplifted block of favorable lower plate host rocks and spatially coincident Carlin-suite geochemical anomalies. Barrick has reported high grade drill intercepts (up to 1 oz/t Au) from their adjacent property, drilling on the same gravity feature. Jake (Epithermal Au-Ag) lies within the Northern Nevada rift and contains multiple Au-Ag occurrences. Limited historical drilling has intersected significant mineralization including long runs (>100 feet) of 0.5-1.0 g Au/t mineralization including higher grade intercepts up to 11.3 g Au/t. This project has significant untested targets with strong discovery potential. Many (Carlin-type Au) lies on the Battle Mountain-Eureka Trend directly adjacent to our South Roberts project, and bordering McEwen Mining's Gold Bar project, scheduled to begin production in 2018. Lower plate targets similar to Gold Bar occur under alluvial cover. The principal terms of the SPA provide that upon receipt of regulatory approval RenGold will issue the nine selling shareholders of Kinetic the Consideration Shares. John Tognetti, a shareholder of both RenGold and Kinetic will indirectly own a total of 13.13% of RenGold post closing and will once again be a reporting insider of RenGold. Three directors of RenGold hold an aggregate of 5.14% of the shares of Kinetic and they will be issued an aggregate 351,351 of the Consideration Shares. These three directors declared their conflict and did not vote on the SPA and transaction terms. The Consideration shares will carry a hold period of 12 months from date of issue. Subsequent to closing the acquisition of Kinetic, the Company has agreed to exercise an option to purchase the 49.9% participating interests in the Raven project not held by Kinetic for consideration of the issue of 370,767 common shares of RenGold and the retention by the current holder of the 49.9% participating interest of a 0.5% net smelter returns royalty on the claims of the Raven property as they are currently constituted. The shares will carry a hold period of 12 months from date of issue. Kinetic holds an option to acquire 100% of each of the Ecru, Jake and Many projects until June 30, 2018 for consideration of share of the Company as to 477,331 shares for the Ecru claims, 372,541 shares for the Jake claims and 234,613 shares for the Many claims. The Company has not yet exercised any of these options to purchase. Ronald L. Parratt, President & CEO, stated, "The acquisition of Kinetic accelerates the growth of our Nevada exploration project portfolio with the addition of 10 high quality exploration projects at a time when demand for new exploration opportunities is growing. Although the past many years have been difficult, Bob Felder and Greg Hill have acquired an excellent portfolio of exploration properties primarily by staking in a period with less industry competition. We welcome them both to the RenGold team and know that their substantial exploration experience in Nevada and technical skills will be of great benefit to ongoing activities within RenGold." Robert P. Felder, President & CEO of Kinetic, states, "The combination of Kinetic with Renaissance creates unique synergies that increase our chances for discovery. Our high-quality property portfolios complement each other well and the combination of our collective expertise and experience will create a very strong platform for success. Both Greg and I very much look forward to contributing to the future success of Renaissance Gold." All Kinetic technical data disclosed in this press release, has been verified by the Kinetic's qualified person Robert P. Felder. Renaissance Gold Inc. is a gold/silver exploration company that has a large portfolio of exploration projects in Nevada and Utah. RenGold's objective is to place the projects in exploration earn-in agreements with industry partners who provide exploration funding. RenGold applies the extensive exploration experience and high-end technical skills of its founders and team members to search for and acquire new precious metal exploration projects that are then offered for joint venture. 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. This news release contains certain statements that may be deemed "forward-looking" statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "potential," and similar expressions, or that events or conditions "will," "would," "may," "could," or "should" occur. Although Renaissance Gold Inc. believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of Renaissance Gold Inc's management on the date the statements are made. Except as required by law, Renaissance Gold Inc. undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.


News Article | May 11, 2017
Site: www.accesswire.com

VANCOUVER, BC / ACCESSWIRE / May 11, 2017 / Renaissance Gold Inc. (TSX-V: REN) ("RenGold" or the "Company") is pleased to announce it has today signed a share purchase agreement ("SPA") with the shareholders of Kinetic Gold Corp. ("Kinetic"), a private BC corporation, whereby RenGold will acquire all of the shares of Kinetic in exchange for the issue of 6,832,933 common shares ("Consideration Shares") of RenGold (15.64% of RenGold post-closing). The acquisition is subject to regulatory approval. Kinetic was founded in 2011 by Robert P. Felder and Gregory T. Hill to explore for gold and silver in Nevada. Since 2011, Kinetic has acquired a 100% interest in six properties, a 50.1% interest in one property and an option to acquire a 100% interest in three additional properties - all in Nevada. These 10 high-quality properties complement the 15 exploration projects in RenGold's mineral property portfolio and in particular add more good eastern Nevada and trend plays that hold the strongest interest in the market. The acquisition of Kinetic's exploration projects will help replace projects which have or will be sold, optioned or joint ventured, and will accelerate growth in the portfolio when new inventory is important. Evidence of this interest is that the two most recently generated projects, Diamond Point and Spruce East, are being optioned by Kinross within four months of being staked. To keep potential JV partners interested in coming back to the Company, it needs fresh projects, and developing those itself rather than acquiring them will be slower given the Company's expected commitments of time and resources to our recently announced exploration agreements with Coeur and Kinross (see news releases dated February 9 and February 20, 2017). On closing, Robert P. Felder will be appointed to the board and as President of RenGold and Gregory T. Hill will be appointed Principal Geologist. Ronald L. Parratt will become Executive Chairman and remain CEO. Robert P. Felder, B.S., M.S., CPG - Bob has worked as an exploration geologist and in senior management for major and junior mining companies for the past 35 years. This experience has been largely in Nevada, where he has been directly involved in the discovery or resource development of five gold deposits, notably the Long Canyon deposit with Pittston Nevada Gold, New West Gold and Fronteer, and the Twin Creeks, Lone Tree, Trenton Canyon and Valmy deposits with Santa Fe Pacific Gold. For the past 20 years, Bob has served in corporate management and executive positions, where, in addition to his technical and leadership roles in exploration, he has been involved in corporate financing activities, investor relations, and presenting technical and corporate information to the markets. Bob received a Bachelor's degree in Geology and Mineralogy in 1979 and a Master's degree in Geochemistry and Economic Geology in 1981, both from The Ohio State University. Gregory T. Hill, B.A., M.S., CPG - Greg is an exploration geologist with 25 years experience with major and junior mining companies in Nevada, and internationally. This experience includes exploration, development, and expansion of resources at several major Nevada mines including Barrick's Goldstrike mine, the Twin Creeks and Lone Tree mines then operated by Santa Fe Pacific Gold, and the Rosebud mine. He has served in technical and executive roles ranging from mine site exploration and development to prospect generation, project management, financing, and corporate leadership. Greg has worked or consulted for many companies, notably, Harvest Gold, Cambior, Placer Dome, Santa Fe Pacific Gold, and Barrick. Greg is a past President and Director of the Geological Society of Nevada and an active member of the geologic community. Greg received a Bachelor's degree in Geology in 1991 from Western State College of Colorado and a Master's degree in Geology in 1994 from New Mexico Institute of Mining and Technology. To view the graphic, please click here. South Roberts (Carlin-type Au) is a pediment project on the southern Battle Mountain-Eureka Trend. The targets occur along a major structural break interpreted from detailed gravity data, and are further defined by a strong enzyme leach gold anomaly, with associated As and Sb, with a defined strike length of 3.4 miles (5.5 km). Initial drill testing in 2014 has confirmed the presence of a gold bearing hydrothermal system. Ferguson Mountain (Carlin-type Au) is in the platform carbonates of eastern Nevada. Targets are indicated by surface geochemical leakage of Au, As and Sb along structures. Drill targets are defined by the intersection of high angle, gold-bearing structures with extensive dissolution/collapse breccias and strong terra rossa development at the top of the Devonian section. The targets have not been drill tested. Spring Peak (Epithermal Au-Ag) is a well persevered system in the Walker Lane structural corridor near the Aurora, Borealis and Bodie deposits. Spring Peak contains widespread gold on surface, in banded veins with grades up to 35 g Au/t and associated high As, Sb and Hg. Past drilling consisted of mostly shallow vertical holes which encountered widespread gold mineralization with grades up to 1.93 g Au/t. Kinetic's work has defined multiple high-grade bonanza vein targets, which have not been tested by past drilling. Ely Springs (Carlin-type Au) is in the platform carbonates of southeastern Nevada. Rock chip samples up to 1.93 g Au/t with elevated As, Sb, Hg and TI ± base metals occur in lower Paleozoic carbonate rocks displaying jasperoid and extensive development of solution/collapse breccias in a similar stratigraphic setting to Long Canyon. This area has not been explored for gold in a modern context. Jupiter (Carlin-type Au) contains a large, exposed gold-bearing hydrothermal system with a known strike length in excess of 5 kilometers, and limited historic drilling. Extensive mineralized jasperoids, folded and thrusted Cambrian-Ordovician carbonate stratigraphy, Carlin-suite geochemistry and altered felsic dikes represent key prospectivity elements for targeting the discovery of a large Carlin-style gold deposit. Kinetic's geologic and targeting work has developed several new, high-quality, untested drill targets. Pluto (Carlin-type Au) lies within the N-S "Rabbit Trend" and contains surface outcropping of high grade gold up to 13.1 g Au/t. Drill targets are defined by mapping, gravity and surface geochemical surveys and aim to test Antler Sequence rocks beneath the Golconda Thrust, analogous to the Lone Tree and Marigold deposits. Raven (Carlin-type Au) contains a large gold system exposed in and around a window through the Roberts Mountains Thrust. Historical drilling indicates widespread mineralization in both upper and lower plate lithologies. Lower plate targets are minimally tested and represent a significant discovery opportunity in one of the few underexplored classical Carlin-type environments in Nevada. Ecru (Carlin-type Au) lies in a pediment setting on the Battle Mountain-Eureka Trend near the Cortez and Pipeline deposits. Targets are defined by a large dome-shaped gravity high representing an uplifted block of favorable lower plate host rocks and spatially coincident Carlin-suite geochemical anomalies. Barrick has reported high grade drill intercepts (up to 1 oz/t Au) from their adjacent property, drilling on the same gravity feature. Jake (Epithermal Au-Ag) lies within the Northern Nevada rift and contains multiple Au-Ag occurrences. Limited historical drilling has intersected significant mineralization including long runs (>100 feet) of 0.5-1.0 g Au/t mineralization including higher grade intercepts up to 11.3 g Au/t. This project has significant untested targets with strong discovery potential. Many (Carlin-type Au) lies on the Battle Mountain-Eureka Trend directly adjacent to our South Roberts project, and bordering McEwen Mining's Gold Bar project, scheduled to begin production in 2018. Lower plate targets similar to Gold Bar occur under alluvial cover. The principal terms of the SPA provide that upon receipt of regulatory approval RenGold will issue the nine selling shareholders of Kinetic the Consideration Shares. John Tognetti, a shareholder of both RenGold and Kinetic will indirectly own a total of 13.13% of RenGold post closing and will once again be a reporting insider of RenGold. Three directors of RenGold hold an aggregate of 5.14% of the shares of Kinetic and they will be issued an aggregate 351,351 of the Consideration Shares. These three directors declared their conflict and did not vote on the SPA and transaction terms. The Consideration shares will carry a hold period of 12 months from date of issue. Subsequent to closing the acquisition of Kinetic, the Company has agreed to exercise an option to purchase the 49.9% participating interests in the Raven project not held by Kinetic for consideration of the issue of 370,767 common shares of RenGold and the retention by the current holder of the 49.9% participating interest of a 0.5% net smelter returns royalty on the claims of the Raven property as they are currently constituted. The shares will carry a hold period of 12 months from date of issue. Kinetic holds an option to acquire 100% of each of the Ecru, Jake and Many projects until June 30, 2018 for consideration of share of the Company as to 477,331 shares for the Ecru claims, 372,541 shares for the Jake claims and 234,613 shares for the Many claims. The Company has not yet exercised any of these options to purchase. Ronald L. Parratt, President & CEO, stated, "The acquisition of Kinetic accelerates the growth of our Nevada exploration project portfolio with the addition of 10 high quality exploration projects at a time when demand for new exploration opportunities is growing. Although the past many years have been difficult, Bob Felder and Greg Hill have acquired an excellent portfolio of exploration properties primarily by staking in a period with less industry competition. We welcome them both to the RenGold team and know that their substantial exploration experience in Nevada and technical skills will be of great benefit to ongoing activities within RenGold." Robert P. Felder, President & CEO of Kinetic, states, "The combination of Kinetic with Renaissance creates unique synergies that increase our chances for discovery. Our high-quality property portfolios complement each other well and the combination of our collective expertise and experience will create a very strong platform for success. Both Greg and I very much look forward to contributing to the future success of Renaissance Gold." All Kinetic technical data disclosed in this press release, has been verified by the Kinetic's qualified person Robert P. Felder. Renaissance Gold Inc. is a gold/silver exploration company that has a large portfolio of exploration projects in Nevada and Utah. RenGold's objective is to place the projects in exploration earn-in agreements with industry partners who provide exploration funding. RenGold applies the extensive exploration experience and high-end technical skills of its founders and team members to search for and acquire new precious metal exploration projects that are then offered for joint venture. 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. This news release contains certain statements that may be deemed "forward-looking" statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "potential," and similar expressions, or that events or conditions "will," "would," "may," "could," or "should" occur. Although Renaissance Gold Inc. believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of Renaissance Gold Inc's management on the date the statements are made. Except as required by law, Renaissance Gold Inc. undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.


News Article | May 24, 2017
Site: www.marketwired.com

EDMONTON, ALBERTA--(Marketwired - May 24, 2017) - Altiplano Minerals Ltd. (TSX VENTURE:APN) ("APN" or the "Company") is pleased to announce the appointment of Osbaldo Zamora Vega as VP, Exploration. Mr. Zamora has a B.Sc. in Geology from the Autonomous University of San Luis Potosi, Mexico, an M.Sc. in Geochemistry from the National Autonomous University of Mexico, and is currently a Ph.D. candidate in Economic Geology at the University of Alberta. He is conducting research on ore-formation processes in the Zacatecas Mining District, Mexico, a world-class silver mining district. Mr. Zamora has 17 years of geological experience that ranges from precious metals exploration to mining, has worked for major companies such as PENOLES and Mauricio Hochschild as an exploration geologist, and participated actively in a drilling program that lead to the discovery of the Pinos Altos mine. He worked at La Cienega mine, a FRESNILLO PLC underground mine operation, performing underground mapping, grade control, planning and supervision of drilling programs, core logging, geological modeling, and reserve estimation. Additionally, he also has worked for junior companies including Continuum Resources Mexico in Oaxaca, Mexico, North Country Gold at the Three Bluffs project in Nunavut, Canada, and recently, for Altiplano Minerals Ltd on the generation of new projects. CEO John Williamson stated, "I am very pleased to have Osbaldo join the Altiplano team as I have worked with him since 2010 on various projects (including Brilliant Mining's projects in Africa) and can attest to his strength of character, work ethic and ability to add value to all projects that he collaborates on. Importantly, he is able to maintain a balance between the science of geology and business which is an important balance to achieve when evaluating and advancing projects." Altiplano Minerals Ltd. (TSX VENTURE:APN) is a mineral exploration company focused on evaluating and acquiring projects with significant potential for advancement from discovery through to production, in Canada and abroad. Management has a substantial record of success in capitalizing opportunity, overcoming challenges and building shareholder value. Additional information concerning Altiplano can be found on its website at www.altiplanominerals.com. ON BEHALF OF THE BOARD 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. This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address exploration drilling, exploitation activities and events or developments that the Company expects are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continuity of mineralization, uncertainties related to the ability to obtain necessary permits, licenses and title and delays due to third party opposition, changes in government policies regarding mining and natural resource exploration and exploitation, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. For more information on the Company, investors should review the Company's continuous disclosure filings that are available at www.sedar.com.


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

The plan for a March for Science in Washington DC on 22 April has gone viral. More than 500 separate demonstrations are now planned across the world: an unprecedented effort by those researchers, lobbyists and supporters who will take to the streets to project a global message. Organizers have set themselves an ambitious target. The event, they pledge, will be “the first step of a global movement to defend the vital role science plays in our health, safety, economies, and governments”. This role, they argue, is under attack from “budget cuts, censorship of researchers, disappearing datasets, and threats to dismantle government agencies”. The plan has received widespread support — and the official blessing — of dozens of advocacy and pressure groups. Endorsement has come from the American Association for the Advancement of Science and the Union of Concerned Scientists in the United States, as well as the European Geosciences Union and the European Association of Geochemistry, among many others. Nature is delighted to offer its own endorsement of the march and, more importantly, of the movement that the marchers will represent. We encourage readers to get involved, to show solidarity and to speak out about the importance of research and evidence — not just next weekend, but more often and more forcefully. Some serious and important criticisms have been made of the science march, its methods and its possible implications. But a sense of the bigger picture is essential here. Yes, there is a risk, as critics claim, that the march and the wider protest it hopes to symbolize could be diluted or even sidetracked by any number of special interests. Yet there is a straightforward solution for scientists who are concerned about this: turn up and shout louder about what you think matters more. It is, of course, difficult to corral large numbers of people into presenting a united and simple message. But large numbers and strong opinions are what give protests their power. Despite internal wrinkles, the positive message that crowds of pro-science people on the streets present to the broader world will surely show through. Yes, it is possible for these crowds to be painted by some hostile media outlets and politicians as proof that science is just another partisan special-interest group — one that, by implicitly lining up against US President Donald Trump, cements the (wrong) idea that science is a left-wing and liberal concern. There is only so much that scientists and others on the march can do to counter that impression, but one way is for them to speak out about their reasons for joining the protest, and to continue to engage with the wider community. Those who insist that the march will reinforce political positions and make the situation worse overestimate the potential of alternative approaches to change the mindset of committed ideologues in the White House and elsewhere. And such voices underestimate the importance of a more-productive audience for the march: one made up of people who naturally support the aims of science and who could be prodded by a sizeable protest into being a little more active and vocal in demonstrating that support. Finally, to the critics, yes it is true that the march blurs the lines between science and politics. But that line is already much fuzzier than some try to argue. It is possible to care about science and scientific thinking while ignoring the political context in which it operates. But it is difficult to do that and demand change at the same time. These worldwide protests give scientists an opportunity to think hard about what they value about science, to recognize the commonalities in the goals they share with others and to reaffirm the scientific process as the best way of informing policy — even if it won’t always get the final say. Whatever misgivings some may have, these should surely be eclipsed by the opportunity to identify and harness the collective energy that this organized event offers researchers everywhere.


News Article | April 25, 2017
Site: marketersmedia.com

VANCOUVER, BC / ACCESSWIRE / April 25, 2017 / Standard Lithium Ltd. ("Standard Lithium" or the "Company") (TSX-V: SLL) (FRA: S5L) is pleased to announce the appointment of Dr. Andy Robinson as President and Chief Operating Officer of the Company. Dr. Robinson will take up his appointment effective immediately and will be directly responsible for rapidly accelerating the Company's resource acquisition, assessment and process development initiatives. Dr. Robinson most recently served as Chief Operating Officer and board member for Pure Energy Minerals, where he was responsible for leading the first Inferred Resource assessment for a lithium brine deposit in North America, in accordance with 43-101 guidelines. During his tenure at that company, he was instrumental in developing innovative exploration, sampling and assessment techniques for lithium brine resources, and was responsible for developing a world-class lithium brine process engineering team. This team successfully developed and tested efficient and effective modern brine processing techniques that will help shape the way in which lithium products are extracted from brine in the future. Prior to joining Pure Energy in 2014, Andy held a series of senior technical and executive management roles with publicly listed companies in the energy, power and engineering sectors, and has been responsible for successfully taking projects from inception to production while developing sustained corporate growth. Andy is an experienced geoscientist with 20+ years of experience, a PhD in Geochemistry from the University of Bristol, UK, and has worked on a wide range of projects in the resource, power and energy sectors in Europe, Africa, and North and South America. "The opportunity for me to join Standard Lithium is very exciting, and I strongly believe in their vision for using modern techniques to develop and process large-scale domestic lithium brine resources. We have an aggressive development schedule ahead of us as we look to rapidly move projects towards production, and my focus is to ensure that we have the best teams in place to execute our corporate strategy." Mr. Robert Mintak, CEO and Director of Standard Lithium, commented, "We are extremely pleased to have someone of Dr. Robinsons' caliber join the team. Leveraging innovation is fundamentally important for us, having previously worked with Andy I know he will be an instant and valuable contributor to the Company." About Standard Lithium Standard's value creation strategy encompasses acquiring a diverse and highly prospective portfolio of large-scale domestic brine resources, led by an innovation and results oriented management team with a strong focus on technical skills. The Company is currently focused on the immediate exploration and development of its 4,000+ acre Bristol Lake, Brine Project located in the Mojave region of San Bernardino County, California. The location has significant infrastructure in-place, with easy road and rail access, abundant electricity and water sources, and with two major players in the brine salt sector offering decades of operational expertise on contiguous claims. Standard also recently announced the acquisition of the 40,000+ acre Paradox Basin Project located in Grand County, Utah. On behalf of the Board, Standard Lithium Ltd. Robert Mintak, Director & CEO 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. Contact: www.standardlithium.cominfo@standardlithium.com For further information, contact Anthony Alvaro at 604.763.5388. STANDARD LITHIUM LTD.Suite 918, 1030 West Georgia Street Vancouver, British Columbia V6E 2Y3 SOURCE: Standard Lithium Ltd. ReleaseID: 460399April 25, 2017 /AccessWire/ — VANCOUVER, BC / ACCESSWIRE / April 25, 2017 / Standard Lithium Ltd. ("Standard Lithium" or the "Company") (TSX-V: SLL) (FRA: S5L) is pleased to announce the appointment of Dr. Andy Robinson as President and Chief Operating Officer of the Company. Dr. Robinson will take up his appointment effective immediately and will be directly responsible for rapidly accelerating the Company's resource acquisition, assessment and process development initiatives. Dr. Robinson most recently served as Chief Operating Officer and board member for Pure Energy Minerals, where he was responsible for leading the first Inferred Resource assessment for a lithium brine deposit in North America, in accordance with 43-101 guidelines. During his tenure at that company, he was instrumental in developing innovative exploration, sampling and assessment techniques for lithium brine resources, and was responsible for developing a world-class lithium brine process engineering team. This team successfully developed and tested efficient and effective modern brine processing techniques that will help shape the way in which lithium products are extracted from brine in the future. Prior to joining Pure Energy in 2014, Andy held a series of senior technical and executive management roles with publicly listed companies in the energy, power and engineering sectors, and has been responsible for successfully taking projects from inception to production while developing sustained corporate growth. Andy is an experienced geoscientist with 20+ years of experience, a PhD in Geochemistry from the University of Bristol, UK, and has worked on a wide range of projects in the resource, power and energy sectors in Europe, Africa, and North and South America. "The opportunity for me to join Standard Lithium is very exciting, and I strongly believe in their vision for using modern techniques to develop and process large-scale domestic lithium brine resources. We have an aggressive development schedule ahead of us as we look to rapidly move projects towards production, and my focus is to ensure that we have the best teams in place to execute our corporate strategy." Mr. Robert Mintak, CEO and Director of Standard Lithium, commented, "We are extremely pleased to have someone of Dr. Robinsons' caliber join the team. Leveraging innovation is fundamentally important for us, having previously worked with Andy I know he will be an instant and valuable contributor to the Company." About Standard Lithium Standard's value creation strategy encompasses acquiring a diverse and highly prospective portfolio of large-scale domestic brine resources, led by an innovation and results oriented management team with a strong focus on technical skills. The Company is currently focused on the immediate exploration and development of its 4,000+ acre Bristol Lake, Brine Project located in the Mojave region of San Bernardino County, California. The location has significant infrastructure in-place, with easy road and rail access, abundant electricity and water sources, and with two major players in the brine salt sector offering decades of operational expertise on contiguous claims. Standard also recently announced the acquisition of the 40,000+ acre Paradox Basin Project located in Grand County, Utah. On behalf of the Board, Standard Lithium Ltd. Robert Mintak, Director & CEO 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. Contact: www.standardlithium.cominfo@standardlithium.com For further information, contact Anthony Alvaro at 604.763.5388. STANDARD LITHIUM LTD.Suite 918, 1030 West Georgia Street Vancouver, British Columbia V6E 2Y3 SOURCE: Standard Lithium Ltd. ReleaseID: 460399 Source URL: http://marketersmedia.com/standard-lithium-appoints-dr-andy-robinson-as-chief-operating-officer/189979Source: AccessWireRelease ID: 189979


Using fragments of radioactive glass picked up from the site of the first nuclear bomb explosion in the United States, scientists are trying to explain the mystery behind the formation of the moon and the properties of lunar rocks. The study by researchers from the Scripps Institution of Oceanography at the University of California, San Diego used materials from the Trinity test site in New Mexico to show that the explosion could be similar to a collision between proto-Earth and a Mars-sized object 4.5 billion years ago. The current theory on moon formation is that a Mars-sized object called Theia bombarded the Earth and the ejected mass converged to form the moon. The impact would have produced massive amounts of extreme heat that drove volatile compounds out of the space rocks that formed the moon. The scientists set out to prove how moon formation could be caused by high-temperature processes by analyzing the nuclear test site residue, which was formed from the same conditions as the planetary collision. In the extreme heat of the blast on July 16, 1945, the top layer of the sandy soil melted into a green silicate glass. The radioactive glass, which was given the name trinitite, was spread across a radius of 1,150 feet from the detonation point. For the study, James Day, director of the Scripps Geochemistry Isotope Laboratory, and team studied trinitite samples from various locations and depths ranging from within an average of 30 feet to 800 feet within ground zero. Day and colleagues found that trinitites from the nuclear test site were short on volatile compounds such as zinc and water. The team chose to analyze zinc isotopes because zinc boils off in extreme heat, such as that generated by the supposed collision that formed the moon. Based on the analysis, the trinitite samples obtained nearer to ground zero carried less zinc than samples from farther away. Also, the zinc that was left only had heavy isotopes, which do not normally evaporate. The deprivation of volatiles from the samples, especially in trinitites close to the site of the explosion, was the result of vaporization under high temperature, the researchers said. "The results show that evaporation at high temperatures, similar to those at the beginning of planet formation, leads to the loss of volatile elements and to enrichment in heavy isotopes in the leftover materials from the event," said Day. He said the theory has now been backed up by experimental evidence. Their findings led the researchers to believe that the mighty collision must have been a high-temperature event and that evaporated most volatiles, like what happened with the trinitite samples in the nuclear test site. Day said the new study has given them the confidence that they're going in the right direction in terms of interpreting the data on the lunar rock samples brought home by the Apollo astronauts. The lunar samples also have the same volatile-loss signatures as trinitite. © 2017 Tech Times, All rights reserved. Do not reproduce without permission.


News Article | February 21, 2017
Site: www.accesswire.com

BURLINGTON, ON / ACCESSWIRE / February 21, 2017 / Green Swan Capital Corp. (TSX-V: GSW) has added to its portfolio of low cost, highly prospective mining assets in high quality mining jurisdictions. This acquisition consists of 33 mining claim units contained with 4 claim blocks in Otto Township, Larder Lake Mining Division, in Ontario (the "Otto Assets"). The Otto Assets lie roughly eight kilometres southwest of Kirkland Lake and proximate to the former producing Swastika Mine, Ontario's first producing gold mine (1907). Infrastructure is readily available. The Otto Assets can be directly accessed off the TransCanada Highway through the town of Swastika. Green Swan's CEO, Peter M. Clausi, said, "Our team took an undervalued forgotten cobalt/gold asset in Sudbury and created a great real shareholder value from it. We intend to do the same with the Otto Assets." The most recent work on the Otto Assets was a soil geochemistry report in 2012. Gold, palladium, copper, zinc, nickel, and lead values were returned. Page 11 of the report concluded: "Further prospecting and geochemical surveys to the northeast and a further extension along trend may be warranted. It appears that average background levels increased to the east, and several anomalies occurred at the northeast boundary of the sampling area." (MNDM Report, Soil Geochemistry and Prospecting on Claim Numbers: 4246905, 4250913, 4251194; Otto Township; Larder Lake Mining Division. L.Currah, 2012.) Green Swan has not performed any work on the Otto Assets, which have been explored by third parties since 1975. Historic work has included prospecting, line cutting, limited diamond drilling, VLF and magnetic surveys, mapping, trenching, and soil sampling. Some but not all of the results from third party work are available to Green Swan. Green Swan cannot speak to the accuracy or thoroughness of historic work without further research and analysis. Green Swan purchased the Otto Assets from an arm's length prior owner who encountered challenges advancing exploration on them. One of the difficulties was an inability to enter into economic exploration agreements with local communities, including First Nations. That prior owner had applied for a permit to drill from 11 to 20 pads, conduct mechanical excavation, and carry out other mining-related activities, which permit has been stalled for some time in the Ontario Ministry of Northern Development and Mining. The Otto Assets are on "Special Status" pending the resolution of the permit application, but in Green Swan's opinion, it was highly unlikely the former owner would have been able to successfully advance its permit. Green Swan's management has much experience in dealing with the Ontario permitting process, and believes it can successfully advance the permit process with local communities, First Nations and MNDM. Green Swan is unable to state how long this process will take or what resources will be needed. However, as with its Sudbury cobalt-gold asset, Green Swan has demonstrated an ability to source and acquire lower visibility mining assets that can generate significant shareholder value. The consideration for the acquisition is the granting of a 10-year Net Smelter Returns Royalty, at 3% for the first 200,000 ounces of gold and 2% thereafter. During the term of the Net Smelter Returns Royalty, if Green Swan files a NI43-101 compliant resource estimate of at least one million ounces of gold grading at least 2 grams of gold per tonne, Green Swan will at that time immediately owe the vendor a one-time payment of USD$250,000. This acquisition is an Exempt Transaction and stock exchange approval was not required. Green Swan intends to continue acquiring highly prospective assets in good mining jurisdictions, and is focusing on cobalt acquisitions. Green Swan Capital Corp. is a Canadian mineral exploration company with a proven leadership team. Green Swan is well-poised to further deliver real value to its shareholders. On Behalf of the Board of Directors, GREEN SWAN CAPITAL CORP. 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 | February 21, 2017
Site: marketersmedia.com

The Otto Assets lie roughly eight kilometres southwest of Kirkland Lake and proximate to the former producing Swastika Mine, Ontario's first producing gold mine (1907). Infrastructure is readily available. The Otto Assets can be directly accessed off the TransCanada Highway through the town of Swastika. Green Swan's CEO, Peter M. Clausi, said, "Our team took an undervalued forgotten cobalt/gold asset in Sudbury and created a great real shareholder value from it. We intend to do the same with the Otto Assets." The most recent work on the Otto Assets was a soil geochemistry report in 2012. Gold, palladium, copper, zinc, nickel, and lead values were returned. Page 11 of the report concluded: "Further prospecting and geochemical surveys to the northeast and a further extension along trend may be warranted. It appears that average background levels increased to the east, and several anomalies occurred at the northeast boundary of the sampling area." (MNDM Report, Soil Geochemistry and Prospecting on Claim Numbers: 4246905, 4250913, 4251194; Otto Township; Larder Lake Mining Division. L.Currah, 2012.) Green Swan has not performed any work on the Otto Assets, which have been explored by third parties since 1975. Historic work has included prospecting, line cutting, limited diamond drilling, VLF and magnetic surveys, mapping, trenching, and soil sampling. Some but not all of the results from third party work are available to Green Swan. Green Swan cannot speak to the accuracy or thoroughness of historic work without further research and analysis. Green Swan purchased the Otto Assets from an arm's length prior owner who encountered challenges advancing exploration on them. One of the difficulties was an inability to enter into economic exploration agreements with local communities, including First Nations. That prior owner had applied for a permit to drill from 11 to 20 pads, conduct mechanical excavation, and carry out other mining-related activities, which permit has been stalled for some time in the Ontario Ministry of Northern Development and Mining. The Otto Assets are on "Special Status" pending the resolution of the permit application, but in Green Swan's opinion, it was highly unlikely the former owner would have been able to successfully advance its permit. Green Swan's management has much experience in dealing with the Ontario permitting process, and believes it can successfully advance the permit process with local communities, First Nations and MNDM. Green Swan is unable to state how long this process will take or what resources will be needed. However, as with its Sudbury cobalt-gold asset, Green Swan has demonstrated an ability to source and acquire lower visibility mining assets that can generate significant shareholder value. The consideration for the acquisition is the granting of a 10-year Net Smelter Returns Royalty, at 3% for the first 200,000 ounces of gold and 2% thereafter. During the term of the Net Smelter Returns Royalty, if Green Swan files a NI43-101 compliant resource estimate of at least one million ounces of gold grading at least 2 grams of gold per tonne, Green Swan will at that time immediately owe the vendor a one-time payment of USD$250,000. This acquisition is an Exempt Transaction and stock exchange approval was not required. Green Swan intends to continue acquiring highly prospective assets in good mining jurisdictions, and is focusing on cobalt acquisitions. Green Swan Capital Corp. is a Canadian mineral exploration company with a proven leadership team. Green Swan is well-poised to further deliver real value to its shareholders. On Behalf of the Board of Directors, GREEN SWAN CAPITAL CORP. 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.


DENVER, COLORADO and VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 13, 2017) - Sandspring Resources Ltd. (TSX VENTURE:SSP) (OTCQX:SSPXF) ("Sandspring" or the "Company") is pleased to announce completion of the 2016 exploration program ("2016 Program") at its measured and indicated 6.9 million ounce resource Toroparu Gold Deposit ("Toroparu")(1) in Guyana, South America. Sona Hill: The 2016 Program for drilling at the Sona Hill Satellite Deposit ("Sona Hill") consisted of 8,084 metres ("m") of infill and step out drilling. The results of the first 20 infill holes (2,776m) were reported in a November 3, 2016 Press Release. Highlights from results of the remaining 4,568m infill and 740m step-out drilling program at Sona Hill include 7.89 g/t Au over 13.5m in Sona Hill Drill Hole ("SOD")081 (infill), 39.56 g/t Au over 10.5m in SOD090 (infill), 3.58 g/t Au over 14.6m in SOD097 (infill), 1.94 g/t Au over 28.5m in SOD100 (infill), 2.49 g/t Au over 15.7m in SOD-107 (step-out), and 4.91 g/t Au over 3.0m in SOD109 (step-out). Wynamu Hill: The 2016 Program for Wynamu Hill consisted of 1,127m of drilling. Highlights from the discovery of gold mineralization in saprolite and fresh rock include 1.18 g/t Au over 19.5m in Wynamu Drill Hole ("WYD") 003 and 7.51 g/t Au over 21.5m in WYD013. To view the Drill Prospect Location Map, please visit the following link: http://media3.marketwire.com/docs/1085715a.pdf 2016 Program: The 2016 Program also included completion of geochemical and geophysical surveys west of Sona Hill, and infill geochemical sampling at the Otomung concession, which is located 25 km to the northwest of Toroparu. Rich Munson, CEO states: "We are very pleased to have completed the 2016 Program on schedule and within budget and to be able to report both continuing positive results at Sona Hill and the presence of an additional potential satellite deposit at Wynamu Hill. We are further encouraged that these near-surface systems contain areas of higher grade mineralization and remain open at depth and on strike, providing the potential for gold-only satellite deposits in proximity to existing reserves that could have a meaningful impact on the development of Toroparu. Exploration success to the southeast of Toroparu at Sona Hill, to the northwest at Wynamu Hill, and encouraging results from geochemical surveys at Otomung further supports our geologic model for the area, and we expect the detailed evaluation of the results will support further exploration efforts in these areas as well as the other high priority gold features within the 20 km by 7 km regional hydrothermal alteration halo surrounding Toroparu." The Company has received all assay results from the 68 core holes (8,084m) drilled within the Sona Hill Prospect during the 2016 Program, which included 64 infill and 4 step out boreholes. Results from the first 20 infill boreholes (SOD042-SOD061, 2,776m) were announced in the November 3, 2016 press release. Highlights of the remaining infill boreholes (SOD062 through SOD105) and the step-out boreholes (SOD106 through SOD109) are presented in the list below. A total of 12,585m of diamond drill cores has been recovered from the 109 boreholes drilled on the Sona Hill Gold Satellite Deposit to date. Hard rock mineralization was first discovered at Sona Hill in 2012 during follow-up exploration of ten gold geochemical anomalies clustered around Toroparu. Drill programs at Sona Hill have focused on the opportunity to add higher grade resources in proximity to the existing Toroparu deposit reserves (see Sandspring press releases dated February 3, 2016, August 17, 2016, and November 3, 2016) by exploring the mineralization located within the hanging wall of a north-south oriented west dipping low angle shear structure. The Sona Hill mineralized system remains open at depth and along strike. A complete list of gold drill intercepts from boreholes SOD062 to SOD109 is provided as Exhibit 1 to this Press release. Prospect Location Maps are provided as Exhibits 2 and 3, and the Sona Hill Drill Hole Location Map as Exhibit 4. Highlights from the 2016 Wynamu Hill Drill Program are based on assay results from a small exploration core drilling program of 1,127m conducted at the end of the 2016 drilling campaign. Fourteen boreholes were drilled to an average depth of 80m each. The gold anomalous feature at Wynamu Hill was first identified during regional geochemical surveys conducted in 2012. A 2013 geochemistry campaign confirmed the gold anomaly, which forms a NNE oriented, 1 km long - 500m wide feature of continuous 100+ ppb values, including a dozen high values of >500 ppb. Initial air-core test holes conducted in 2014 confirmed the presence of gold in saprolite and upper layers of bedrock. A complete list of gold drill intercepts for boreholes WYD-001 through WYD-014 can be found in Exhibit 1 to this press release. Prospect Location Maps are provided in Exhibits 2 and 3, and the Wynamu Hill Drill Location Plan Map in Exhibit 5. The Wynamu Hill mineralized system remains open at depth and along strike. At Sona Hill gold mineralization is characterized by abundant pyrite occurrence and the larger hydrothermal alteration halos contain abundant finely disseminated magnetite. As part of the Sona Hill 2016 Program, an 18 line-km IP (Induced Polarization, pole-dipole) and magnetics geophysical survey was conducted over the saprolite geochemical survey grid that was established in 2012 west of Sona Hill. This ground geophysics program focused on possible extensions to the west of the mineralization at Sona Hill at depth in the low angle shear zone associated with intense hydrothermal alteration. Concurrently, a saprolite geochemical survey was filled in to a tighter 100m by 50m grid over the same area to add data to the exploration efforts. All the data is currently being processed for interpretation. The Sona Hill IP Geophysical Program and Infill Saprolite Geochemistry Survey location map is provided in Exhibit 6. The Toroparu deposit and surrounding gold anomalies lie at the southern edge of a large bending zone in the Puruni Shear Corridor, a regional feature that can be traced more than 100km into the prolific Venezuelan Gold District. Sandspring's geological model suggests that the northern part of this regional flexure may contain a similar structural pattern as Toroparu and a favourable geological context for gold mineralization within the Otomung Concession area. (see Exhibit 2) An elongated low magnetic feature was identified by a previous airborne geophysical survey conducted over the Otomung Concession area. Geochemical surveys completed in 2015 on a 1000m x 100m grid identified anomalous gold features in the low magnetic feature. The 2016 geochemical survey at Otomung included an infill survey in which 660 samples were collected on a 250m x 100m grid over the anomalous gold features identified in the 2015 geochemical survey. In addition, 305 samples were collected from a 30 km² area extending the 2015 1000m x 100m regional grid to the northwest boundary of the concession. Location Maps are provided in Exhibits 2 and 7. The drill results from Sona Hill have been delivered to our consulting engineers, SRK - Denver, and we expect to publish an initial resource for Sona Hill during the first calendar quarter of 2017. Sandspring is evaluating further exploration work at Wynamu Hill, Otomung and other exploration targets within the regional hydrothermal alteration halo surrounding Toroparu. Sandspring is pleased to announce the appointment of Jessica Van Den Akker as Chief Financial Officer of the Company. Ms. Van Den Akker is a Chartered Professional Accountant (CA) with over 11 years' experience in the resource sector. She gained extensive experience through a Canadian audit firm providing reporting and accounting assurance services to publicly traded companies, primarily in natural resources. Ms. Van Den Akker is a graduate of Simon Fraser University where she received a Bachelor of Business Administration. The Board has accepted the resignation of Harpreet Dhaliwal and would like to thank her for her contributions to the Company as CFO and wish her well in her future endeavours. Exhibit 1: Complete List of gold drill intercepts for Sona and Wynamu Hill Analytical testing and reporting of quantitative assays for the results reported in this press release was performed independently by Bureau Veritas Mineral Laboratories Vancouver, Canada. Bureau Veritas Commodities Canada Ltd. is an ISO9001: 2008 accredited laboratory. A system of blanks, standards and duplicates were added to the Toroparu sample stream by the Company to verify accuracy and precision of assay results, supplementing a variety of internal quality assurance/quality control ("QA/QC") tests performed by Bureau Veritas Mineral Laboratories. The technical information in this document has been reviewed and approved by Mr. Lucas W. Claessens, P.Geo. and Pascal van Osta, P.Geo., both Senior Exploration Consultants for Sandspring Resources Ltd., who have experience with the style of mineralization under consideration and are Qualified Persons under National Instrument 43-101. On behalf of the Board of Directors of Sandspring Resources Sandspring Resources Ltd. is a Canadian junior mining company currently moving toward a definitive feasibility study for the multi-million ounce Toroparu Project in the Guyana, South America. A prefeasibility study completed in May 2013 (NI 43-101 Technical Report, Prefeasibility Study, Toroparu Gold Project, Upper Puruni River Area, Guyana, dated May 24, 2013 completed by SRK Consulting (U.S.), Inc., available on SEDAR at www.sedar.com) outlined the design of an open-pit mine producing more than 200,000 ounces of gold annually over an initial 16-year mine life. Sandspring and Silver Wheaton have entered into a gold and silver purchase agreement for the Toroparu Project. Additional information is available at www.sandspringresources.com or by email at info@sandspringresources.com. 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. The drill program and sampling protocol is managed by Sandspring under the supervision of Lucas W. Claessens, P.Geo. and Pascal Van Osta, P.Geo. The diamond drill holes are drilled at HQ and NQ sizes and core recovery to date has averaged 94%. Half core is cut by rock saw and is generally sampled using 1.5 m meter intervals. Analytical testing and reporting of quantitative assays for the results reported in this press release was performed independently by Bureau Veritas Mineral Laboratories in Vancouver, Canada. Bureau Veritas Commodities Canada Ltd. is an ISO9001: 2008 accredited laboratory. Gold analyses reported in this release was performed by standard fire assay (FA450) using a 50-gram charge with atomic absorption finish and a gravimetric finish for assays greater than 10 grams per tonne. Samples from the geochemical survey were submitted for analysis of ICP 37 elements (including gold) AQ252 30 gram (Aqua Regia digestion - Ultratrace ICP-MS analyses). A system of blanks, standards and duplicates were added by the Company to the sample streams to verify accuracy and precision of assay results, supplementing a variety of internal QA/QC tests performed by Bureau Veritas Mineral Laboratories. The half core samples were securely transported by Sandspring personnel from the project site to the Bureau Veritas sample preparation facility in Georgetown, Guyana. This news release contains certain forward-looking information and statements within the meaning of applicable securities laws. The use of any of the words "potential", "suggesting", "indicating", "will", "plans" and similar expressions are intended to identify forward-looking information and/or statements. Forward-looking statements and/or information are based on a number of material factors, expectations and/or assumptions that Sandspring has used to develop such statements and/or information, but which may prove to be incorrect. Although Sandspring believes that the expectations reflected in such forward-looking statements and/or information are reasonable, undue reliance should not be placed on forward-looking statements since Sandspring can give no assurance that such expectations will prove to be correct. Such information and/or statements, including the assumptions made in respect thereof, involve known and unknown risks, uncertainties and other factors that may cause actual results and/or events to differ materially from those anticipated in such forward-looking information and/or statements including, without limitation: the speculative nature of mineral exploration and development; risks associated with the uncertainty of exploration results and estimates; results from drilling and exploration activities and Sandspring's ability to identify additional gold mineralization; Sandspring's ability to successfully advance the Toroparu Gold Project toward feasibility; Sandspring's future plans; the availability of financing and/or cash flow to fund current and future plans and expenditures; the impact of increasing competition; fluctuating commodity prices; the general stability of applicable economic and political environments; the general continuance of current industry conditions; uncertainty regarding the market price for gold, silver and copper; uncertainty of conducting operations under a foreign regime; uncertainty of obtaining all applicable regulatory approvals and related timing matters; Sandspring's dependence on management personnel; and/or certain other risks detailed from time-to-time in Sandspring's public disclosure documents. Furthermore, the forward-looking statements contained in this news release are made as at the date of this news release and the Company does not undertake any obligations to publicly update and/or revise any of the included forward-looking statements, whether as a result of additional information, future events and/or otherwise, except as may be required by applicable securities laws.


News Article | February 15, 2017
Site: www.wired.com

You may have heard me say this before, but I firmly believe there are few topics more fundamental to study than the workings of our planet. The earth sciences aim to unravel how the lithosphere, atmosphere, hydrosphere, and biosphere operate—and how they operate together. It is a science of synthesis. And it’s one that needs to move forward, both because of the great service the earth sciences perform for society and the understanding of world-shaping processes that they advance. Now, earth scientists are not always the first researchers you see on TV or in articles about science, even if the topic is plainly within their realm. Since the days of Carl Sagan, the physicists have carved out a nice role as the most prominent popular science communicators. There isn’t anything wrong with that. But earth scientists are experts on the Earth—and when questions arise about climate, hazards, and resources, it makes sense to reach out to the researchers who have the most knowledge and expertise in those earthy topics. Even though physicists have the strongest voice in science communication, there are many more outlets for earth scientists to spread their knowledge. The free flow of communication from scientist-to-scientist and scientist-to-public is the key to making sure the country continues to value science: funding research across all sciences, appreciating and acting on the results, and continuing to give scientists the freedom to accumulate and interpret data to draw evidence-based conclusions. This isn’t some vast conspiracy of scientists trying to get rich, but rather people dedicated to knowing how the planet operates. If you’re excited about learning about earth science, a great way to start is to follow earth scientists and earth science organizations on Twitter. Many of us strongly value communicating with the public, mostly because we’re just that excited about what the science is doing and discovering. So I’ve created a list of people and organizations to follow to get you started in earth science. Scientists are people, so expect a lot of science but also a lot of other things that make them tick (or make them angry, or thrilled). This, by no means, is an all-inclusive list. Rather, it’s a cherry-picked list of my favorites. If you have other earth scientists who you think need a follow, leave them in the comments and I can amend the post over time—especially with international and non-English language geoTweeters. Give me a reason to add them so I can add details for people looking for science on Twitter. @drlucyjones: Dr. Lucy Jones is an earthquake expert who recently retired after years of service with the U.S. Geological Survey. She quells a lot of the crazy ideas and “predictions” people have about earthquakes, especially in California. @allochthonous and @highlyanne: This duo write Highly Allochthonous and run all-geo.org. Both faculty at Kent State University, Anne Jefferson studies water, especially in urban environments while Chris Rowan works on paleomagnetism and tectonics. Both are strong advocates for science, science communication and diversity/inclusivity in the sciences. @Tessa_M_Hill: Tessa Hill is a professor at UC Davis and an expert on climate and oceans. She is also (along with the aforementioned Anne Jefferson) an AAAS Public Engagement Fellow. @seis_matters: Christopher Jackson studies basin analysis (in other words, how sediment and tectonics creates and fills valleys and depressions on Earth) at Imperial College. He’s also about to head off on a lecture tour for the Geological Society of America. @lava_ice: Ben Edwards is a volcanologist at Dickinson College working on volcanoes in far-flung places like Iceland and Chile. He also likes to dabble in making his own volcanoes with the help of the folks at Syracuse University. @methanoJen: Jen Glass is faculty Georgia Tech and studies geobiochemistry and how microbes impact methane production. She’s a prolific tweeter and activist as well, trying to protect the freedom of speech for scientists and making science as open and accepting as possible. @PopePolar: Allen Pope studies glaciers, snow and ice using satellites. He’s an invaluable resource for keeping track of how climate change in impacting our frozen water. @janinekrippner and @alisongraeting: Together, Janine Krippner and Alison Graetinger keep track of all the volcanic events that even I have troubling keeping up with. Beyond that, they run In the Company of Volcanoes as well. @guertin: Dr. Laura Guertin is passionate about geoscience education and getting students involved in research to get them excited about earth sciences. @tuff_cookie: Jessica Ball is a volcanologist currently with the USGS and a former Geological Society of America Congressional Fellow. She also writes Magma Cum Laude on the AGU Geoblogs. @callanbentley: Callan Bentley is faculty at Northern Virginia Community College and a prolific blogger, tweeter and geologic illustrator. @davidmpyle: David Pyle is a distinguished professor at Oxford University, an author of several books on volcanoes and an important drive of Oxford Sparks and STREVA (strengthening resilience to natural hazards in volcanic areas). @TTremblingEarth: Austin Elliot is a post-doctoral researcher studying active tectonics and also writes (and tweets) about earthquakes. If you need even more (and you do), Ron Schott (@rschott) keeps an exhaustive list of geologists on Twitter. And there is also yours truly: @eruptionsblog @USGS and @USGSVolcanoes: The U.S. Geological Survey has a ton of useful Twitter accounts to shell out lots of great information. You can start with the main survey account and I, of course, recommend the Volcanoes account to keep track of all the rumblings of the volcanoes monitored by the USGS. If earthquakes interest you, try @USGSBigQuakes. @theAGU and @AGU_Eos: These two are the main account for the American Geophysical Union and the Union’s magazine, Eos. You’ll find tweets on new earth science research, posts from the great AGU blog network and statements of policy from AGU (@AGUSciPolicy), including their letter denouncing restrictions on how scientists can communicate. If you’re into volcanoes, you can also try the @AGUvgp account for the Volcanology, Geochemistry and Petrology group. @GlacierHub: The account for Glacier Hub, a nexus of information about glaciers and the impact that changing climate has on glaciers along with the communities impacts by glaciers. @trowelblazers: This account sends out links and information about the multitude of women who had played important roles in the history of archaeology, palaeontology & geology along with what women are doing across these fields today. @geosociety: The Geological Society of America, bringing you new earth science research and links to fascinating articles on our planet from across the internet. @EuroGeosciences and @EGU_GMPV: The European Geosciences Union, the European twin of AGU along with their section of Geochemistry, Mineralogy, Petrology, Volcanology. @STREVAProject: I mentioned the STREVA (strengthening resilience to natural hazards in volcanic areas) Project above, but it deserves it’s own listing. The Project looks to help areas in danger from volcanic activity through outreach and research. You should also check out my post on the various volcano observatories you can follow on Twitter. Journalists (again, just some of my favorite science journalists, but there are many, many more out there!) @alexwitze: Alexandra Witze writes for Nature and is the co-author of Island on Fire about the eruption of Laki in Iceland. @elakdawalla: Emily Lakdawalla writes for the Planetary Society about space exploration and extraterrestrial geology. @mikamckinnon: Mika McKinnon is a trained geophysicist and a freelance science writer (along with sci-fi science consultant) @SJVatn: Scott Johnson is science journalist for Ars Technica and science editor for Climate Feedback. @teideano: David Calvo is a member of INVOLCAN (@involcan), a volcano monitoring group in the Canary Islands and a radio/TV personality covering science. @aboutgeology: Andrew Alden has been writing about geology on the internet longer than most people and has wrote some fascinating stuff about the geology of the Bay Area (amongst many other topics). @david_bressan: David Bressan writes about geology for Forbes, tackling the long and winding history of the discipline. @earthmagazine: As the title implies, Earth magazine digs deep into the planet to cover all the news and research in geosciences. Looking at Earth (I’m a big fan of satellite views of Earth, and you should be too!) @NASAEarth: The NASA Earth Observatory has thousands of amazing images of the planet and keeps them coming on our ever-changing world. They also help us visualize the vast amount of data that can be collected by earth-observing satellites. @NASA_Landsat: This account follows all the great work done by the NASA/USGS Landsat missions that watch the planet. @Landsatbot: This automated account is great if you like random satellite views of the planet from Landsat 8. Sometimes they are an area of geologic wonder, sometimes they are “unnamed location” in the middle of the ocean or arctic. @Planetlabs: Their armada of Doves are some of the newest earth observing satellites.

Loading Geochemistry collaborators
Loading Geochemistry collaborators