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THUNDER BAY, ON--(Marketwired - April 25, 2017) - Zenyatta Ventures Ltd. ("Zenyatta" or "Company") (TSX VENTURE: ZEN) (OTCQX: ZENYF) today is pleased to announce that the completed flotation pilot testing portion of the ongoing metallurgical work has yielded successful results. The metallurgical testing is part of the pre-feasibility work for the Albany Graphite Deposit located in Northeastern Ontario, Canada. Purification test-work is currently underway using concentrate derived from the pilot flotation plant and this will culminate in a pilot purification plant. Once the final metallurgical testing is complete, the process flow sheets and associated engineering data will then be fed into the engineering part of the on-going pre-feasibility study. Mr. James Jordan, P.Eng., Project Manager for Zenyatta stated, "We are very pleased with the results to date as they not only surpassed flotation performance achieved in the previous pilot but also exceeded the optimized bench scale tests. At a target grade of 85% graphite, flotation recovery is projected to be approximately 90%. The graphite concentrate will be fed to the purification process to yield approximately 99.9% carbon purity. Due to the unique igneous origin of the Albany graphite mineralization, there are no other truly equivalent deposits on which we can model our process. We are therefore continually learning more about its distinctive response to various flotation parameters and especially to the circuit arrangement." The metallurgical work is being carried out at SGS Canada Inc. ("SGS") in Lakefield, Ontario under the guidance of Mr. Jordan. The completed flotation pilot testing work was performed on two composites from the East Pipe and the West Pipe of the Albany graphite deposit. Significantly, results show consistent improvement in metallurgical performance with similar concentrate grades and recoveries obtained from both the East and West Pipe graphite zone material. The upcoming pilot purification plant will also produce additional high-purity graphite marketing material for testing by global corporations and academic institutions for Li-ion battery, fuel cell and graphene applications. This metallurgical pilot program will be on-going for the next several months and completed in the first half of 2017. The engineering and environmental assessment parts of the pre-feasibility study are anticipated to commence in the 3rd quarter of 2017. The proposed work will include drilling geotechnical holes for the pit design and hydrogeology holes for ground water testing and monitoring. Zenyatta Ventures Ltd. is developing the Albany Graphite Deposit situated in northeastern Ontario, Canada. The deposit is a unique type of igneous-hosted, fluid-derived graphite mineralization contained in two large breccia pipes. The Company is seeking end users for their graphite and graphene and is working with several collaborative partners including the development of a graphene enhanced concrete. Other potential markets for graphite include Li-ion batteries, fuel cells and powder metallurgy. The application for graphitic material is constantly evolving due to its unique chemical, electrical and thermal properties. It maintains its stability and strength under temperatures in excess of 3,000°C and is very resistant to chemical corrosion. It is also one of the lightest of all reinforcing elements and has high natural lubricating abilities. The outlook for the global graphite market is very promising with demand growing rapidly from new applications. It is now considered one of the more strategic elements by many leading industrial nations, particularly for its growing importance in high technology manufacturing and in the emerging "green" industries such as electric vehicle components. The Albany graphite deposit is situated 30 km north of the Trans-Canada Highway, power line and natural gas pipeline near the communities of Constance Lake First Nation and Hearst. A rail line is located 70 km away with an all-weather road approximately 10 km from the graphite deposit. The world trend is to develop products for technological applications that need extraordinary performance using ultra-high purity graphite powder at an affordable cost. Albany graphite can be upgraded with very good crystallinity without the use of aggressive acids (hydrofluoric) or high temperature thermal treatment therefore having an environmental advantage over other types of upgraded high-purity graphite material. Mr. Aubrey Eveleigh, P.Geo., Zenyatta's President and CEO, is the "Qualified Person" for the purposes of National Instrument 43-101 and has reviewed, prepared and supervised the preparation of the technical information contained in this news release. SGS performed analyses of all purified Albany graphite samples by direct ash analysis using a platinum crucible, according to a validated method that also accurately quantifies key trace level impurities by subsequent ICP analysis. For Further Information Please visit the Company's website at: http://www.zenyatta.ca or contact: CAUTIONARY STATEMENT: This analysis does not represent a statistically large sample size. Furthermore, these positive results do not mean that Zenyatta can extract and process Albany graphite for graphite applications on an economic basis. Without a formal independent feasibility study, there is no assurance that the operation will be economic. The Company has completed a July 9, 2015 Preliminary Economic Assessment which indicates an open pit mine life of 22 years (excludes underground resource which is open at depth) producing 30,000 tonnes purified graphite per annum (see Zenyatta press release of 1 June 2015). The PEA is preliminary in nature, it includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the preliminary economic assessment will be realized. 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. This news release may contain forward looking information and Zenyatta cautions readers that forward looking information is based on certain assumptions and risk factors that could cause actual results to differ materially from the expectations of Zenyatta included in this news release. This news release includes certain "forward-looking statements", which often, but not always, can be identified by the use of words such as "potential", "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". These statements are based on information currently available to Zenyatta and Zenyatta provides no assurance that actual results will meet management's expectations. Forward-looking statements include estimates and statements with respect to Zenyatta's future plans, objectives or goals, to the effect that Zenyatta or management expects a stated condition or result to occur, including the expected timing for release of a pre-feasibility study, the expected uses for graphite in the future, and the future uses of the graphite from Zenyatta's Albany deposit. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results relating to, among other things, results of metallurgical processing, ongoing exploration, project development, reclamation and capital costs of Zenyatta's mineral properties, and Zenyatta's financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as, but are not limited to: failure to convert estimated mineral resources to reserves; the preliminary nature of metallurgical test results; the inability to identify target markets and satisfy the product criteria for such markets; the inability to complete a prefeasibility study; the inability to enter into offtake agreements with qualified purchasers; delays in obtaining or failures to obtain required governmental, environmental or other project approvals; political risks; uncertainties relating to the availability and costs of financing needed in the future; changes in equity markets, inflation, changes in exchange rates; fluctuations in commodity prices; delays in the development of projects; capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry; and those risks set out in Zenyatta's public documents filed on SEDAR. This list is not exhaustive of the factors that may affect any of Zenyatta's forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on Zenyatta's forward-looking statements. Although Zenyatta believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Zenyatta disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.


THUNDER BAY, ON--(Marketwired - April 25, 2017) - Zenyatta Ventures Ltd. ("Zenyatta" or "Company") (TSX VENTURE: ZEN) (OTCQX: ZENYF) today is pleased to announce that the completed flotation pilot testing portion of the ongoing metallurgical work has yielded successful results. The metallurgical testing is part of the pre-feasibility work for the Albany Graphite Deposit located in Northeastern Ontario, Canada. Purification test-work is currently underway using concentrate derived from the pilot flotation plant and this will culminate in a pilot purification plant. Once the final metallurgical testing is complete, the process flow sheets and associated engineering data will then be fed into the engineering part of the on-going pre-feasibility study. Mr. James Jordan, P.Eng., Project Manager for Zenyatta stated, "We are very pleased with the results to date as they not only surpassed flotation performance achieved in the previous pilot but also exceeded the optimized bench scale tests. At a target grade of 85% graphite, flotation recovery is projected to be approximately 90%. The graphite concentrate will be fed to the purification process to yield approximately 99.9% carbon purity. Due to the unique igneous origin of the Albany graphite mineralization, there are no other truly equivalent deposits on which we can model our process. We are therefore continually learning more about its distinctive response to various flotation parameters and especially to the circuit arrangement." The metallurgical work is being carried out at SGS Canada Inc. ("SGS") in Lakefield, Ontario under the guidance of Mr. Jordan. The completed flotation pilot testing work was performed on two composites from the East Pipe and the West Pipe of the Albany graphite deposit. Significantly, results show consistent improvement in metallurgical performance with similar concentrate grades and recoveries obtained from both the East and West Pipe graphite zone material. The upcoming pilot purification plant will also produce additional high-purity graphite marketing material for testing by global corporations and academic institutions for Li-ion battery, fuel cell and graphene applications. This metallurgical pilot program will be on-going for the next several months and completed in the first half of 2017. The engineering and environmental assessment parts of the pre-feasibility study are anticipated to commence in the 3rd quarter of 2017. The proposed work will include drilling geotechnical holes for the pit design and hydrogeology holes for ground water testing and monitoring. Zenyatta Ventures Ltd. is developing the Albany Graphite Deposit situated in northeastern Ontario, Canada. The deposit is a unique type of igneous-hosted, fluid-derived graphite mineralization contained in two large breccia pipes. The Company is seeking end users for their graphite and graphene and is working with several collaborative partners including the development of a graphene enhanced concrete. Other potential markets for graphite include Li-ion batteries, fuel cells and powder metallurgy. The application for graphitic material is constantly evolving due to its unique chemical, electrical and thermal properties. It maintains its stability and strength under temperatures in excess of 3,000°C and is very resistant to chemical corrosion. It is also one of the lightest of all reinforcing elements and has high natural lubricating abilities. The outlook for the global graphite market is very promising with demand growing rapidly from new applications. It is now considered one of the more strategic elements by many leading industrial nations, particularly for its growing importance in high technology manufacturing and in the emerging "green" industries such as electric vehicle components. The Albany graphite deposit is situated 30 km north of the Trans-Canada Highway, power line and natural gas pipeline near the communities of Constance Lake First Nation and Hearst. A rail line is located 70 km away with an all-weather road approximately 10 km from the graphite deposit. The world trend is to develop products for technological applications that need extraordinary performance using ultra-high purity graphite powder at an affordable cost. Albany graphite can be upgraded with very good crystallinity without the use of aggressive acids (hydrofluoric) or high temperature thermal treatment therefore having an environmental advantage over other types of upgraded high-purity graphite material. Mr. Aubrey Eveleigh, P.Geo., Zenyatta's President and CEO, is the "Qualified Person" for the purposes of National Instrument 43-101 and has reviewed, prepared and supervised the preparation of the technical information contained in this news release. SGS performed analyses of all purified Albany graphite samples by direct ash analysis using a platinum crucible, according to a validated method that also accurately quantifies key trace level impurities by subsequent ICP analysis. For Further Information Please visit the Company's website at: http://www.zenyatta.ca or contact: CAUTIONARY STATEMENT: This analysis does not represent a statistically large sample size. Furthermore, these positive results do not mean that Zenyatta can extract and process Albany graphite for graphite applications on an economic basis. Without a formal independent feasibility study, there is no assurance that the operation will be economic. The Company has completed a July 9, 2015 Preliminary Economic Assessment which indicates an open pit mine life of 22 years (excludes underground resource which is open at depth) producing 30,000 tonnes purified graphite per annum (see Zenyatta press release of 1 June 2015). The PEA is preliminary in nature, it includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the preliminary economic assessment will be realized. 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. This news release may contain forward looking information and Zenyatta cautions readers that forward looking information is based on certain assumptions and risk factors that could cause actual results to differ materially from the expectations of Zenyatta included in this news release. This news release includes certain "forward-looking statements", which often, but not always, can be identified by the use of words such as "potential", "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". These statements are based on information currently available to Zenyatta and Zenyatta provides no assurance that actual results will meet management's expectations. Forward-looking statements include estimates and statements with respect to Zenyatta's future plans, objectives or goals, to the effect that Zenyatta or management expects a stated condition or result to occur, including the expected timing for release of a pre-feasibility study, the expected uses for graphite in the future, and the future uses of the graphite from Zenyatta's Albany deposit. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results relating to, among other things, results of metallurgical processing, ongoing exploration, project development, reclamation and capital costs of Zenyatta's mineral properties, and Zenyatta's financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as, but are not limited to: failure to convert estimated mineral resources to reserves; the preliminary nature of metallurgical test results; the inability to identify target markets and satisfy the product criteria for such markets; the inability to complete a prefeasibility study; the inability to enter into offtake agreements with qualified purchasers; delays in obtaining or failures to obtain required governmental, environmental or other project approvals; political risks; uncertainties relating to the availability and costs of financing needed in the future; changes in equity markets, inflation, changes in exchange rates; fluctuations in commodity prices; delays in the development of projects; capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry; and those risks set out in Zenyatta's public documents filed on SEDAR. This list is not exhaustive of the factors that may affect any of Zenyatta's forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on Zenyatta's forward-looking statements. Although Zenyatta believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Zenyatta disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.


THUNDER BAY, ON--(Marketwired - April 25, 2017) - Zenyatta Ventures Ltd. ("Zenyatta" or "Company") (TSX VENTURE: ZEN) (OTCQX: ZENYF) today is pleased to announce that the completed flotation pilot testing portion of the ongoing metallurgical work has yielded successful results. The metallurgical testing is part of the pre-feasibility work for the Albany Graphite Deposit located in Northeastern Ontario, Canada. Purification test-work is currently underway using concentrate derived from the pilot flotation plant and this will culminate in a pilot purification plant. Once the final metallurgical testing is complete, the process flow sheets and associated engineering data will then be fed into the engineering part of the on-going pre-feasibility study. Mr. James Jordan, P.Eng., Project Manager for Zenyatta stated, "We are very pleased with the results to date as they not only surpassed flotation performance achieved in the previous pilot but also exceeded the optimized bench scale tests. At a target grade of 85% graphite, flotation recovery is projected to be approximately 90%. The graphite concentrate will be fed to the purification process to yield approximately 99.9% carbon purity. Due to the unique igneous origin of the Albany graphite mineralization, there are no other truly equivalent deposits on which we can model our process. We are therefore continually learning more about its distinctive response to various flotation parameters and especially to the circuit arrangement." The metallurgical work is being carried out at SGS Canada Inc. ("SGS") in Lakefield, Ontario under the guidance of Mr. Jordan. The completed flotation pilot testing work was performed on two composites from the East Pipe and the West Pipe of the Albany graphite deposit. Significantly, results show consistent improvement in metallurgical performance with similar concentrate grades and recoveries obtained from both the East and West Pipe graphite zone material. The upcoming pilot purification plant will also produce additional high-purity graphite marketing material for testing by global corporations and academic institutions for Li-ion battery, fuel cell and graphene applications. This metallurgical pilot program will be on-going for the next several months and completed in the first half of 2017. The engineering and environmental assessment parts of the pre-feasibility study are anticipated to commence in the 3rd quarter of 2017. The proposed work will include drilling geotechnical holes for the pit design and hydrogeology holes for ground water testing and monitoring. Zenyatta Ventures Ltd. is developing the Albany Graphite Deposit situated in northeastern Ontario, Canada. The deposit is a unique type of igneous-hosted, fluid-derived graphite mineralization contained in two large breccia pipes. The Company is seeking end users for their graphite and graphene and is working with several collaborative partners including the development of a graphene enhanced concrete. Other potential markets for graphite include Li-ion batteries, fuel cells and powder metallurgy. The application for graphitic material is constantly evolving due to its unique chemical, electrical and thermal properties. It maintains its stability and strength under temperatures in excess of 3,000°C and is very resistant to chemical corrosion. It is also one of the lightest of all reinforcing elements and has high natural lubricating abilities. The outlook for the global graphite market is very promising with demand growing rapidly from new applications. It is now considered one of the more strategic elements by many leading industrial nations, particularly for its growing importance in high technology manufacturing and in the emerging "green" industries such as electric vehicle components. The Albany graphite deposit is situated 30 km north of the Trans-Canada Highway, power line and natural gas pipeline near the communities of Constance Lake First Nation and Hearst. A rail line is located 70 km away with an all-weather road approximately 10 km from the graphite deposit. The world trend is to develop products for technological applications that need extraordinary performance using ultra-high purity graphite powder at an affordable cost. Albany graphite can be upgraded with very good crystallinity without the use of aggressive acids (hydrofluoric) or high temperature thermal treatment therefore having an environmental advantage over other types of upgraded high-purity graphite material. Mr. Aubrey Eveleigh, P.Geo., Zenyatta's President and CEO, is the "Qualified Person" for the purposes of National Instrument 43-101 and has reviewed, prepared and supervised the preparation of the technical information contained in this news release. SGS performed analyses of all purified Albany graphite samples by direct ash analysis using a platinum crucible, according to a validated method that also accurately quantifies key trace level impurities by subsequent ICP analysis. For Further Information Please visit the Company's website at: http://www.zenyatta.ca or contact: CAUTIONARY STATEMENT: This analysis does not represent a statistically large sample size. Furthermore, these positive results do not mean that Zenyatta can extract and process Albany graphite for graphite applications on an economic basis. Without a formal independent feasibility study, there is no assurance that the operation will be economic. The Company has completed a July 9, 2015 Preliminary Economic Assessment which indicates an open pit mine life of 22 years (excludes underground resource which is open at depth) producing 30,000 tonnes purified graphite per annum (see Zenyatta press release of 1 June 2015). The PEA is preliminary in nature, it includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the preliminary economic assessment will be realized. 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. This news release may contain forward looking information and Zenyatta cautions readers that forward looking information is based on certain assumptions and risk factors that could cause actual results to differ materially from the expectations of Zenyatta included in this news release. This news release includes certain "forward-looking statements", which often, but not always, can be identified by the use of words such as "potential", "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". These statements are based on information currently available to Zenyatta and Zenyatta provides no assurance that actual results will meet management's expectations. Forward-looking statements include estimates and statements with respect to Zenyatta's future plans, objectives or goals, to the effect that Zenyatta or management expects a stated condition or result to occur, including the expected timing for release of a pre-feasibility study, the expected uses for graphite in the future, and the future uses of the graphite from Zenyatta's Albany deposit. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results relating to, among other things, results of metallurgical processing, ongoing exploration, project development, reclamation and capital costs of Zenyatta's mineral properties, and Zenyatta's financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as, but are not limited to: failure to convert estimated mineral resources to reserves; the preliminary nature of metallurgical test results; the inability to identify target markets and satisfy the product criteria for such markets; the inability to complete a prefeasibility study; the inability to enter into offtake agreements with qualified purchasers; delays in obtaining or failures to obtain required governmental, environmental or other project approvals; political risks; uncertainties relating to the availability and costs of financing needed in the future; changes in equity markets, inflation, changes in exchange rates; fluctuations in commodity prices; delays in the development of projects; capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry; and those risks set out in Zenyatta's public documents filed on SEDAR. This list is not exhaustive of the factors that may affect any of Zenyatta's forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on Zenyatta's forward-looking statements. Although Zenyatta believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Zenyatta disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.


News Article | May 4, 2017
Site: marketersmedia.com

23.79 g/t over 1.00 m 23.28 g/t over 1.00 m 15.76 g/t over 1.00 m 10.36 g/t over 1.00 m 9.23 g/t over 1.00 m 8.73 g/t over 1.00 m Hole M-17-17 intercepted a wide zone of well mineralized shear zone between 63.0 m and 68.0 meters in a vertical hole. The wide, high-grade intersection confirms the dip continuity of the shear zones that control quartz veining and associated gold mineralisation. The apparent width indicates that there are pinch-and-swell structures within the deposit that control the geometry of high-grade gold mineralized shoots. The 2017 in-fill drill program was designed, in part, to identify the structural controls on these shoots and help to model their location within the deposit. Full and partial assay results have now been received for 21 of the 50 diamond drill holes completed as part of our Phase 1, 10,000 meter drilling program. See Table 1 for details on assay results received to date. The PL Deposit consists of multiple, stacked shear zones trending northwest-southeast and defined in drill core over a strike length of over 1 kilometer. The deposit remains open to expansion along strike and down dip. The Phase 1 in-fill drilling program was designed to target the shallow portion of the deposit between surface (the resource sub-crops) and -150 meters vertical; across the strike length of known mineralization with a goal of upgrading the current measured, indicated and inferred resources. Gorden Glenn, CEO commented, "Minnova geologists and consultants designed the Phase 1 2017 in-fill drilling program to further enhance our existing geological model of structural controls on gold mineralization. Hole M-17-17's exceptional results supports our model and the interpretation that wider, high grade gold mineralized shoots can be traced in the PL Deposit. This data will not only support future mine planning and development initiatives, but also our property wide and regional exploration efforts". All samples were sawn and separated with one half being returned to the core box for reference and the other being bagged in a plastic sample bag which was labeled, tagged, documented and sealed. Samples were placed in labelled rice sacks and sealed with a security zip-tie. Initially samples were delivered to the Accurassay Laboratories in Thunder Bay Ontario. Due to an unforeseen closure of the Accurassay lab samples were re-routed to SGS Canada Inc. and their labs in Burnaby, BC and Cochrane, Ontario. Receipt of the samples was signed off at all preparation labs and tracked by the Company. Pulps of each sample were prepared and followed by fire assay and gravimetric analysis, if required. A QA/QC program including the regular insertion by the Company of duplicates, blanks and standards was instituted. Sample lengths varied according to geology and mineralization with quartz veins regularly sampled. Minnova Corp. is an emerging Canadian gold producer focused on re-starting the PL Gold Mine and expanding gold resources on its PL and Nokomis gold deposits. The Company completed an Updated PEA which supports average annual production of 48,100 ounces over a +10 year mine life. Work to date supports advancing the project toward production with an initial program of detailed definition drilling to be followed by a future underground test mining and bulk sample program and completion of a Feasibility Study to bring the PL Mine back into production. The PL Gold Mine has a valid underground mining license, an existing 1,000 tpd flotation mill, over 7,000 meters of developed underground ramp to -135 metres depth, is fully road accessible and close to existing mining infrastructure in the prolific Flin Flon - Snow Lake Greenstone Belt of Central Manitoba. Mr. Chris Buchanan, M. Sc., P. Geo., a consultant of the Company and a "Qualified Person" under National Instrument 43-101, has reviewed and approved the scientific and technical information in this press release. For more information please contact: For further information, please contact Investor Relations at 647-985-2785 or info@minnovacorp.ca. This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, information regarding the Company including management's assessment of future plans and operations, that may involve risks associated with mining exploration and development, volatility of prices, currency fluctuations, imprecision of resource estimates, environmental and permitting risks, access to labour and services, competition from other companies and ability to access sufficient capital. As a consequence, actual results may differ materially from those anticipated in the forward looking statements. A feasibility study has not been completed and there is no certainty the disclosed targets will be achieved nor that the proposed operations will be economically viable. Although Minnova has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Minnova does not undertake to update any forward-looking information, except in accordance with applicable securities laws. 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. NOT FOR DISSEMINATION INTO THE UNITED STATES.


MONTRÉAL, QUÉBEC--(Marketwired - 2 mars 2017) - Nouveau Monde Graphite Inc. (TSX CROISSANCE:NOU)(OTCQB:NMGRF)(FRANCFORT:NM9) ("Nouveau Monde" ou la "Société") a le plaisir d'annoncer une mise à jour de l'estimation des ressources minérales en fosse (la "ressource actuelle") concernant le dépôt de la zone Ouest, situé sur le bloc de claims Tony, faisant partie de sa propriété de graphite Matawinie. La ressource actuelle est résumée dans le tableau 1 ci-dessous. Elle est également comparée à l'estimation des ressources minérales en fosse précédente (la « ressource précédente ») découlant des résultats de l'évaluation économique préliminaire publiés dans un communiqué de presse daté du 22 juin 2016. Eric Desaulniers a commenté: « Je suis très satisfait de notre récent programme de forage qui nous a permis de transformer 100% de notre ressource présumée vers la catégorie indiquée. C'est révélateur de la qualité de notre forage initial et de l'uniformité de la minéralisation dans le dépôt. La prochaine étape est d'inclure cette information dans notre plan de minage optimisé qui sera la base de notre étude de pré-faisabilité qui sera complété en septembre 2017. Notre équipe est dirigée à l'interne par des professionnels avec plusieurs années d'expérience dans l'opération de mine de graphite. Leur leadership et leurs connaissances amènent une plus-value essentielle et extraordinaire en vue de la réalisation de notre étude de pré-faisabilité et nous sommes enthousiaste de la mise à jour économique du projet à venir. » Diverses caractéristiques de la fosse de la ressource actuelle sont comparées à ceux de la ressource précédente dans le tableau 2. La ressource actuelle présentée ici a été générée suite à l'ajout de 41 sondages carottés et de trois (3) tranchées complété en 2016. Les travaux d'exploration achevés l'an dernier visaient à transformer la ressource présumée, identifiée précédemment dans la Zone Ouest, à la catégorie de ressource indiquée en complétant des sondages intercalaire et du rainurage en tranchées. Suite à des résultats encourageants de levés géophysiques aéroportés et au sol dans le secteur, les travaux de 2016 visaient aussi à étendre la ressource précédente de la zone Ouest vers le nord et le sud. Un plan illustrant les travaux d'exploration complétés sur la zone Ouest depuis 2014, ainsi qu'une vue en plan de la ressource actuelle, est disponible via ce lien : http://nouveaumonde.ca/wp-content/uploads/PR_West_Zone_20170302_FR.pdf Sources de données et méthode d'estimation de la ressource actuelle Le modèle de bloc, utilisé pour générer la ressource actuelle de la zone Ouest, est basé sur un total de 68 sondages carotté qui a produit 3693 échantillons, ainsi que sur 207 échantillons de rainurage prélevés dans trois (3) tranchées. Ceci n'inclut pas les échantillons de contrôle de qualité qui comprennent 172 duplicatas, 171 blancs et 82 échantillons étalons, qui ont tous obtenu des résultats dans des limites acceptables. En tout, 17 horizons minéralisés de paragneiss furent interprétés et modélisés à partir de ces données. Le modèle de bloc représentant la ressource actuelle de la zone Ouest a été préparé par Yann Camus, ing., de SGS Canada Inc. - Geostat (« SGS Geostat ») de Blainville, Québec, à l'aide du logiciel Genesis©. L'interpolation a été réalisée à l'aide de l'inverse du carré de la distance (ID2) en utilisant différentes ellipses de recherches dont l'orientation a été adaptée pour être conforme la géologie du gisement. Le modèle de blocs fut compilé ensuite en utilisant le logiciel Whittle de GEOVIA™ afin de créer une fosse optimale limitant la ressource actuelle. Les paramètres utilisés pour générer cette fosse étaient semblables à ceux utilisés pour limiter la ressource précédente. Ces paramètres sont disponibles ci-dessous dans le tableau 3. L'enveloppe de fosse contenant la ressource actuelle a aussi été limitée à la bordure de propriété du bloc de claims Tony ainsi qu'à une profondeur de 390 m au-dessus du niveau de la mer afin de l'adapter aux paramètres utilisés lors de la génération de la ressource précédente. Bien que la ressource actuelle en fosse soit limitée à l'intérieur d'une enveloppe générée par les mêmes paramètres que la ressource précédente, la fosse utilisée pour la ressource précédente a été raffinée par le design d'une rampe. Cet exercice n'a pas été réalisé sur la ressource actuelle. Il est important de noter que Nouveau Monde ne produira pas de rapport technique détaillé portant sur la ressource actuelle. Nouveau Monde a entrepris des travaux visant la réalisation d'une étude de préfaisabilité avant la fin de 2017 dans laquelle des paramètres économiques et miniers seront raffinés et mis à jour dans le but d'établir une réserve minérale portant sur la zone Ouest. Lors de l'année 2016, Nouveau Monde n'a pas effectué de travaux sur ses zones minéralisées situées dans son bloc de claim Tony, autre que dans la zone Ouest. La société continuera de concentrer ses efforts sur son gisement de la zone Ouest à court et à moyen terme. Un plan illustrant la localisation des zones minéralisées de même que les résultats significatifs obtenus sur le bloc de claims Tony jusqu'à présent est disponible via ce lien : http://nouveaumonde.ca/wp-content/uploads/PR_Tony_Block_20170302_FR.pdf Nouveau Monde exposera à la Conférence des associations de prospecteurs et promoteurs (PDAC) du dimanche 5 mars 2017 au mercredi 8 mars 2017 au kiosque 2830 du Investors Exchange. Des représentants de l'entreprise seront présents pour parler de la ressource mise à jour ainsi que d'autres développements intéressants au sein de notre entreprise. Nouveau Monde a découvert en 2015 un dépôt de graphite, situé sur son bloc de claim Tony de sa propriété de graphite Matawinie. Cette découverte a mené à la publication en juin 2016 d'une évaluation économique préliminaire, répondant aux dispositions du règlement 43-101. L'étude a démontré la forte rentabilité du projet avec une production projetée de 50,000 tonnes par année de concentré de graphite en flocon de haute pureté s'étendant sur une période de 25,7 ans (voir le communiqué de presse daté du 22 juin 2016). Le projet est situé dans la municipalité de Saint-Michel-des-Saints, environ 120 km au nord de Montréal et bénéficie d'un accès direct à toute la main-d'œuvre et aux infrastructures nécessaires à l'opération. Nouveau Monde développe son projet avec le plus grand respect des communautés environnantes tout en misant une faible empreinte environnementale (vise un projet à émission zéro). Les informations techniques présentées dans ce communiqué ont été préparées par Yann Camus, ing., de SGS Canada Inc. - Geostat, une personne indépendante qualifiée telle que définie par le Règlement 43-101. La Bourse de croissance TSX et son fournisseur de services de réglementation (au sens attribué à ce terme dans les politiques de la Bourse de croissance TSX) n'assument aucune responsabilité quant à la pertinence ou à l'exactitude du présent communiqué de presse. Les énoncés prospectifs contenus dans ce communiqué de presse comportent des risques connus et inconnus, des incertitudes et d'autres facteurs pouvant modifier de manière appréciable les résultats, le rendement et les réalisations de Nouveau-Monde par rapport aux résultats, au rendement et aux réalisations qui y sont exprimés ou implicites.


MONTREAL, QUEBEC--(Marketwired - March 2, 2017) - Nouveau Monde Graphite Inc. (TSX VENTURE:NOU)(OTCQB:NMGRF)(FRANKFURT:NM9) ("Nouveau Monde" or the "Corporation") is pleased to announce the results of an updated pit-constrained Mineral Resource Estimate (the "Current Resource") concerning the West Zone Deposit, located on the Tony claim Block, part of its Matawinie graphite Property. The Current Resource is summarized in Table 1 below and is compared to the pit-constrained Mineral Resource Estimate (the "Previous Resource") included in the Preliminary Economic Assessment report press released on June 22, 2016. Eric Desaulniers commented "I am very pleased with our recent drill program which essentially enabled us to move 100% of our inferred resource into the indicated resource category. This speaks to the quality of our original drilling and the strength of the deposit mineralization. The next step will be to input this information into our optimized mine plan that will be the basis of our pre-feasibility study due out in September 2017. My team is led by in-house professionals with years of hands-on graphite production experience. Their leadership and input into our pre-feasibility study will be invaluable and gives me increased confidence in the quality of our new project economics to come." Various characteristics of the Current Resource pit envelope are compared to the Previous Resource pit envelop in Table 2. The Current Resource presented here was generated following the addition of 41 core drill holes and three (3) trenches completed in 2016. Last year's exploration work aimed at upgrading the previous West Zone resources from the Inferred Resource Category to the Indicated Resource Category by infill drilling and trenching. The 2016 work also intended to extend the resources further to the north and to the south of the West Zone following encouraging results from earlier airborne and ground geophysical surveys. A map displaying the West Zone 2014 to 2016 core drilling and trenching locations as well as a plan view of the Current Resource is available through this link: http://nouveaumonde.ca/wp-content/uploads/PR_West_Zone_20170302_EN.pdf The block model, used to generate the Current Resource of the West Zone, is based on a total of 68 core drill holes which produced 3693 samples as well as 207 samples collected from channelling work in three (3) trenches. This does not include the quality control samples which comprise of 172 duplicate, 171 blank and 82 standard samples, all of which returned within acceptable limits. In all, 17 mineralized horizons encased in paragneiss units were interpreted and modelled from this data. The Current Resource block model for the West Zone was prepared by Yann Camus, P. Eng., of SGS Canada Inc. - Geostat ("SGS Geostat") from Blainville, Québec, using the Genesis© mining software. Interpolation was performed using inverse square distance (ID2) as well as different search ellipses which were adapted for the geology of the deposit. The block model was then fed to GEOVIA's Whittle™ software to provide a pit- constrained Mineral Resource Estimate. The parameters used to generate the pit envelope were similar to the ones used for the Previous Resource and are available below in Table 3. The pit-envelope containing the Current Resource was limited to the Tony Block property boundary to the south of the West Zone deposit as well as to an elevation of 390 m above sea level in order to better approximate the parameters used to generate the Previous Resource. Although the pit envelope confining the Current Resources was generated using the same parameters as the pit envelope for the Previous Resources, the latter was further refined using a mine design including the ramp. This exercise was not performed for the Current Resource. It is important to note that Nouveau Monde will not be issuing a Technical Report detailing the Current Resource. Nouveau Monde has initiated work towards completing a Prefeasibility Study for September 2017 in which mining and economic parameters are expected to be updated and refined resulting in a Mineral Reserve for the West Zone. Nouveau Monde did not perform any work on its other mineralized zones located in its Tony claim Block during 2016. The corporation will continue to focus its efforts on its West Zone deposit in the short to medium term. A map displaying the Tony claim Block including the location of all identified mineralized zones and significant results is available thru this link: http://nouveaumonde.ca/wp-content/uploads/PR_Tony_Block_20170302_EN.pdf Nouveau Monde will be exhibiting at the Prospectors and Developers Association Conference (PDAC) from Sunday, March 5, 2017 to Wednesday March 8, 2017 in booth number 2830 of the Investors Exchange Forum. Company representatives will be on hand to speak about the updated resource as well as other exciting developments at Nouveau Monde. In 2015, Nouveau Monde discovered a graphite deposit on its Tony claim block, part of its fully owned Matawinie graphite Property. This discovery resulted in the publishing of a Preliminary Economic Assessment, completed according to NI 43-101 guidelines, in June of 2016. This study demonstrated strong economics with a planned production of 50,000 tpy of high purity flake graphite over a period of 25.7 years which is expected to provide a solid operational margin and relatively low capital expenditures (see press release dated June 22, 2016). The project is located in the Saint-Michel-des-Saints area, some 120 km north of Montreal, Quebec, Canada. It has direct access to all needed infrastructure, labour as well as green and affordable hydroelectricity. Nouveau Monde is developing its project with the highest corporate social responsibility standards while targeting a low environmental footprint (targeting a net zero carbon emission operation). The technical information presented in this news release was prepared by Yann Camus, P. Eng., of SGS Canada Inc. - Geostat, an independent Qualified Person as defined by NI 43-101. 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. Except for historical information contained herein, this news release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially from those anticipated by such statements. Nouveau Monde will not update these forward-looking statements to reflect events or circumstances after the date hereof. More detailed information about potential factors that could affect financial results is included in the documents filed from time to time with the Canadian securities regulatory authorities by Nouveau Monde.


News Article | December 20, 2016
Site: www.marketwired.com

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec. 20, 2016) - Search Minerals Inc. ("Search" or the "Company") (TSX VENTURE:SMY) is pleased to provide an update on the pilot plant program (the "Pilot Plant") which is being conducted by SGS Canada Inc. ("SGS") on bulk material from the Company's FOXTROT deposit in SE Labrador. The Pilot Plant is being funded through the Atlantic Canada Opportunities Agency ("ACOA") and the Research & Development Corporation of Newfoundland and Labrador ("RDC") for up to $1.25M of the $1.9M program cost. The Pilot Plant is using the patent-pending proprietary technology breakthrough developed by the Company (the "Search Direct Extraction Process"), which has eliminated grinding, flotation, and magnetic and gravity separation from the process flow-sheet. Eliminating these processes is expected to significantly reduce capital and operating costs for processing material to a mixed rare earth oxide concentrate product. The Search Direct Extraction Process involves several steps but can be simply described in two phases. In the first phase, a finely crushed material is treated to produce a rare earth carbonate concentrate. In the second and final phase, the carbonate concentrate is re-dissolved and re-leached to produce a high quality mixed rare earth oxide concentrate product ready for shipping to a refinery. All bench testing of the bulk sample has now been completed providing additional insight into each of the steps involved in each phase of the overall extraction process. More specifically, Search has been able to demonstrate the ability to remove/reduce the already small amounts of uranium and zinc in the rare earth material to levels acceptable to refineries. The bench scale testing also confirmed that sulfuric acid can be used in place of hydrochloric acid in the second phase treatment of the mixed rare earth carbonate. This simplifies operations and further reduces extraction costs as sulfuric acid is less expensive than hydrochloric acid. All these insights were carried forward and incorporated into the final Pilot Plant design with a view to maximizing the overall recovery of rare earths from the FOXTROT material. We are pleased to report that the additional work at bench scale has been successfully incorporated into the first 5 days of continuous operation of the first phase of the Pilot Plant. The 5-day continuous operation comprised the following steps: As noted earlier, the mixed rare earth carbonate precipitate is the feed to the second phase of the Search Direct Extraction Process. The Pilot Plant testing, including the second phase of the Direct Extraction Process, will continue in January, and is expected to be completed by the first week of February with formal reporting of final results to follow thereafter. In anticipation of questions during the FOXTROT environmental assessment process, the Company has defined a program with SGS Minerals for testing and assessing the contents of the residues and barren solutions associated with the Direct Extraction Process. These tests will be conducted during Pilot Plant testing and directly after it concludes. By conducting these tests at this time Search and its stakeholders will have timely access to important decision making information as we work together to move the FOXTROT project forward in a safe, environmentally respectful manner. Dr. David Dreisinger, Ph.D., P.Eng., is the Company's Vice President, Metallurgy and Qualified Person for the purposes of NI 43-101. Dr. Dreisinger has reviewed and approved the technical disclosure contained in this news release as applicable. The company will endeavour to meet high standards of integrity, transparency, and consistency in reporting technical content, including geological and assay (e.g., REE) data. Led by a proven management team and board of directors, Search is focused on finding and developing resources within the emerging Port Hope Simpson Critical Rare Earth Element (CREE) District of SE Labrador. The Company controls a belt 70 km long and 8 km wide including its 100% interest in the FOXTROT Project which is road accessible and at tidewater. Exploration efforts have advanced "Deepwater Fox" and "Fox Meadow" as significant new CREE prospects very similar and in close proximity to the FOXTROT discovery. While the Company has identified more than 20 other prospects in the District, its primary objective remains development of FOXTROT by confirming proprietary direct extraction metallurgy processing technology at the pilot plant level (in progress) and delineation of prospects that will ensure competitive-low cost production beyond the 14-year mine life contemplated in the preliminary economic assessment of FOXTROT completed in April 2016. The FOXTROT Project has a low capital cost to brig the initial project into production ($152 M), a short payback period, and is scalable due to Search's proprietary processing technology. All material information on the Company may be found on its website at www.searchminerals.ca and on SEDAR at www.sedar.com Identified as Neodymium (Nd), Europium (Eu), Terbium (Tb), Dysprosium (Dy) and Yttrium (Y) this valuable subset of the complete series of seventeen rare earth elements is considered critical due to high demand and/or constrained domestic supply. Containing unique properties which enhance the performance of a range of innovative technologies, CREEs are essential components in the development of permanent magnets and a variety of other components used in renewable energy, green technology automobiles, medical devices, electronics and agricultural production. 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 includes certain "forward-looking information" and "forward-looking statements" (collectively "forward- looking statements") within the meaning of applicable Canadian and United States securities legislation including the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, included herein, without limitation, statements relating the future operating or financial performance of the Company, are forward-looking statements. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible", and similar expressions, or statements that events, conditions, or results "will", "may", "could", or "should" occur or be achieved. Forward-looking statements in this news release relate to, among other things future events or the Company's future performance, business prospects or opportunities. Actual future results may differ materially. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by the respective parties, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements and the parties have made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation, general business, economic and social uncertainties; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; and those additional risks set out in Search's public documents filed on SEDAR at www.sedar.com. Although Search believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release and no assurance can be given that such events will occur in the disclosed time frames or at all. Except where required by law, Search disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.


Pour acquérir l'intérêt additionnel de 20 %, CSM devra dépenser annuellement un minimum de 2 000 000 $CDN en travaux d'exploration jusqu'à la complétion d'une étude de faisabilité indépendante bancable à la fin de la 5e année de l'option MONTRÉAL, QUÉBEC--(Marketwired - 14 fév. 2017) - Matamec Explorations inc. (« Matamec » ou la « Société ») (TSX CROISSANCE:MAT)(OTCQX:MHREF) et Métaux Stratégiques du Canada (« CSM ») (TSX CROISSANCE:CJC)(FRANCFORT:YXEN)(OTCBB:CJCFF) sont très heureuses d'annoncer que CSM exerce l'option d'acquérir un intérêt additionnel de 20 % (« l'option additionnelle ») selon l'entente d'option entre les deux sociétés sur la propriété Sakami (« la convention d'option »). Pour ce faire, elle a émis 1 000 000 d'actions ordinaires à Matamec et doit maintenant réaliser une étude de faisabilité indépendante bancable (« l'étude de faisabilité ») dans un délai de cinq (5) ans. Durant cette période, CSM devra dépenser annuellement un minimum de 2M$CDN en travaux d'exploration jusqu'à la complétion de l'étude de faisabilité. De plus, durant cette période, CSM demeurera l'opérateur des travaux sous la supervision d'un comité de gestion formé de deux représentants de CSM et deux représentants de Matamec. Suite à l'exercice de la première option en vertu de laquelle CSM a dépensé 2,25M$CDN en travaux d'exploration sur une période de 3 ans et émis 2M d'actions ordinaires à Matamec, CSM et Matamec détiennent respectivement un intérêt indivis de 50 % dans la propriété Sakami (voir communiqué de presse du 18 août 2016 pour plus de détails). En vertu de la convention d'option, CSM devait aviser Matamec de son intention d'exercer l'option additionnelle dans les 180 jours suivant l'acquisition initiale d'un intérêt indivis de 50 % dans la propriété Sakami. La propriété Sakami chevauche le contact entre les sous-provinces géologique de La Grande et d'Opinaca (voir la figure 1). Elle offre une variété d'environnements lithologiques qui contiennent différents types d'occurrences minéralisées. Plusieurs secteurs minéralisés qui contiennent des teneurs variables en or se retrouvent sur la propriété et constituent la cible des travaux d'exploration. En août 2016, la propriété s'est agrandie de 4 500 ha et couvre actuellement une superficie de 10 737 ha. Les horizons minéralisés sont sub-parallèles au contact tectonique majeur et couvrent maintenant plus de 20 km sur la propriété Sakami. 4 principaux secteurs d'intérêt dans la partie nord-est de la propriété Avant l'ajout de 93 nouveaux claims en août 2016, les travaux d'exploration ont surtout porté sur les 4 secteurs suivants, soit du sud au nord, La Pointe, Péninsule, JR et Île : Figure 1. ''Localisation de la propriété Sakami avec la géologie régionale et les différents secteurs explorés'' est disponible à l'adresse suivante : http://media3.marketwire.com/docs/1085820f_fig1.jpg Matamec a identifié 3 zones aurifères distinctes entre les deux sous-provinces géologiques de La Grande et d'Opinaca dans le secteur La Pointe, soit de l'est vers l'ouest, les zones 23, 25 et 26. Particulièrement, la zone 25 est continue sur une distance latérale d'au moins 500 mètres. Elle s'étend sur 200 mètres en profondeur le long des structures. Elle est affleurante à l'est, par contre elle a une plongée générale vers l'ouest- nord-ouest sous le lac Sakami. Figure 2. ''Géologie et portion ouest de la zone 25'' est disponible à l'adresse suivante : http://media3.marketwire.com/docs/1085820f_fig2.jpg Les résultats des sondages PT-16-91, PT-16-92 et PT-16-93 confirment que la zone 25 augmente en puissance et en teneur vers le nord-ouest. Cette zone est grand ouverte dans cette direction. Les meilleures intersections se retrouvent sur la bordure nord et l'épaisseur varie de 6 à 40 mètres. Notez que les intersections sont relativement constantes en teneur; c'est-à-dire qu'il n'y a pas de teneur très haute qui supporte de longes intervalles très basses. Il est possible que les Filons 22 et 25 se fusionnent vers le nord-ouest. Ceci est supporté par leurs épaisseurs importantes et leurs localisations relatives (voir la figure 3). Figure 3. ''Une vue en section oblique qui illustre la possibilité que le Filon 25 vers le nord-ouest représente une combinaison avec le Filon 22'' est disponible à l'adresse suivante : http://media3.marketwire.com/docs/1085820f_fig3.jpg Guy Desharnais, géo., Ph.D. (OGQ No.1141), est une personne qualifiée selon la norme IN 43-101; il est employé de SGS Canada Inc., est indépendant de Matamec, et a révisé et approuvé le contenu technique de ce communiqué. Localisée à Montréal (Québec), Matamec Explorations Inc. est une société junior d'exploration minière, dont les activités portent sur deux axes principaux de développement: l'or, et les éléments essentiels pour les technologies liées à l'énergie, avec des propriétés contenant, entre autres, du lithium (Tansim-détenue à 100%), du cobalt (Fabre-détenue à 100%), du nickel (Vulcain-détenue à 100%) et des terres rares (Kipawa-détenue à 72%). L'activité principale de la Société est le développement du gisement d'éléments de terres rares lourdes de Kipawa en co-entreprise avec Ressources Québec à hauteur de 72 % par Matamec et de 28 % par RQ (à titre de mandataire du Gouvernement du Québec), et Toyota Tsusho Corp. (Nagoya, Japon) détient une redevance de 10% sur le profit net dans le gisement. En plus des activités dans le secteur de l'énergie, la Société explore aussi pour l'or, sur les trois propriétés suivantes: HMR (1% NSR détenue), Matheson JV (détenue à 50%) et Pelangio (détenue à 100%), situées dans le secteur oriental de la mine Hoyle Pond à Timmins en Ontario, ainsi que dans deux propriétés situées sur le territoire couvert par le Plan Nord du Québec. Celles-ci incluent les propriétés Sakami (détenue à 50%) et Opinaca Gold West (détenue à 100%) dans un contexte géologique similaire à la mine Éléonore à la Baie-James au Québec). « La Bourse de croissance TSX et son fournisseur de services de réglementation (au sens attribué à ce terme dans les politiques de la Bourse de croissance TSX) n'assument aucune responsabilité quant à la pertinence ou à l'exactitude du présent communiqué ».


To Acquire the 20% Additional Interest, CSM Must Spend a Minimum of CDN$2,000,000 per year in Exploration Work Until an Independent Bankable Feasibility Study is Completed Before the End of the 5th Year of the Option MONTRÉAL, QUÉBEC--(Marketwired - Feb. 14, 2017) - Matamec Explorations Inc. ("Matamec" or the "Company") (TSX VENTURE:MAT)(OTCQX:MHREF) and Canada Strategic Metals ("CSM") (TSX VENTURE:CJC)(FRANKFURT:YXEN)(OTCBB:CJCFF) are pleased to announce that CSM has exercised the option to acquire an additional 20% interest ("Additional Option")in the Sakami property as per the agreement between the two companies ("Option Agreement"). To do so, CSM has issued 1,000,000 common shares to Matamec and will now need to complete an independent bankable feasibility study ("feasibility study") within five years. Until the feasibility study is completed, CSM must spend a minimum of CDN$2,000,000 per year on exploration works on the property. CSM will remain the operator of the exploration works during the option period, supervised by a management committee comprising two representatives of CSM and two representatives of Matamec. After exercising the first option, by which CSM spent CDN$2,250,000 in exploration work during a three-year period and issued 2,000,000 common shares to Matamec, CSM and Matamec each hold a 50% undivided interest in the Sakami property (see press release of August 18, 2016 for more details). As per the terms of the option agreement, CSM had 180 days from the initial acquisition of its 50% undivided interest in the Sakami property to advise Matamec of its intention to exercise the additional option. The Sakami Property straddles the contact of the Opinaca and La Grande Subprovinces which offer a variety of lithologic settings in which to host various mineral deposit types (see figure 1). Several mineralized areas hosting significant gold grades are known to exist throughout the Property and have been the focus of exploration work. In August 2016, the property was enlarged by 4,500 ha and now covers an area of 10,737 ha. Mineralized zones are generally associated with the major tectonic contact, which spans more than 20 km on the Sakami property. 4 main sectors of interest in the northeast part of the property Before adding 93 new claims in August 2016, exploration work had mainly been completed on the following sectors, from south to north: La Pointe, Péninsule, JR and Île. Figure 1. ''Map of the Sakami Property, identifying regional geology and explored local sectors.'' is available at the following address: http://media3.marketwire.com/docs/1085820a_fig1.jpg Matamec has identified three (3) distinct gold zones between the two geological subprovinces of La Grande and Opinaca on the La Pointe sector, namely Zones 23, 25 and 26 from east to west. Zone 25 in particular is continuous along a lateral distance of at least 500 m and extends more than200 m in the down dip direction (50-60 degrees to the south). Zone 25 outcrops at surface, however, it plunges gently to the west-north-west under lake Sakami. Figure 2. ''Geology and west part of Zone 25'' is available at the following address: http://media3.marketwire.com/docs/1085820a_fig2.jpg The results from PT-16-93 together with PT-16-91 and PT-16-92 confirm that Zone 25 increases in thickness and grade to the northwest. The mineralization remains open to the northwest, as well as at depth, with the best intersects along the northern edge, where the thickness varies between 6 and 40 metres. Note that the grade of the intervals are relatively consistent; there are no extreme grade assays that carry very low grade intervals. The very thick intervals and their relative position suggest a possible merging of Zone 22 and 25 to the northwest (see figure 3). Figure 3. ''Composite section of Zone 25 and 22 looking in an oblique angle illustrating potential merging of these zones'' is available at the following address: http://media3.marketwire.com/docs/1085820a_fig3.jpg Guy Desharnais, P.Geo., Ph.D. (OGQ No.1141), is a Qualified Person as per NI 43-101; he is employed by SGS Canada Inc., is independent of Matamec, and has reviewed and approved the technical content of this press release. Located in Montreal (Québec), Matamec Explorations Inc. is a junior mining exploration company in which activities are based on two main axes of development: gold, and key elements for technologies related to energy with properties containing, among others, lithium (Tansim-100% owned), Cobalt (Fabre-100% owned), nickel (Vulcain-100% owned) and rare earths (Kipawa-72% owned). Matamec's main focus is the development of the Kipawa Heavy Rare Earth Elements (HREE) deposit, a joint venture owned at 72% by Matamec and 28% by Ressources Québec (acting as agent of the Government of Québec); Toyota Tsusho Corp. (Nagoya, Japan) holds a 10% royalty on net profit in the deposit. In addition to the activities in energy sector, Matamec is exploring for gold, with three properties: HMR (1% NSR), Matheson JV (50% owned) and Pelangio (100% owned), located in the area of the Hoyle Pond Mine in Timmins (Ontario), as well as two in the Quebec Plan Nord region. These include Sakami (50% owned) and Opinaca Gold West (100% owned) properties in similar geological settings as the Éléonore Mine in James Bay (Québec). 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 22, 2017
Site: www.marketwired.com

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 22, 2017) - Redzone Resources Ltd. (TSX VENTURE:REZ) ("Redzone" or the "Company") is pleased to announce that a National Instrument ("NI") 43-101 technical report has been completed by SGS Canada Inc. ("SGS") on the Fortner Boyd Lithium (Lucky Mica) property (the "Property"), Arizona, on which RedZone has an agreement to earn in to 100% ownership. It will be posted on www.sedar.com in the near future. The Frontner Boyd claims (also known as the Lucky Mica claim group) are staked in the name of Godolphin Mining Inc., an Arizona corporation. Godolphin and Redzone have entered into an option agreement whereby RedZone may acquire 100% of the Property, on the terms disclosed in RedZone's August 2, 2016 press release. Prior to 2016, geological evaluation work by numerous companies included drilling and excavation and a shaft to approximately 10 meters depth. Recent work by RedZone has included geological mapping, grab and channel sampling. A site visit of the Property was completed by Jean-Philippe Paiement, P.Geo. M.Sc. of SGS Canada Inc. in January 2017. The author conducted field inspection and sampling of the Lucky Mica dyke. Prospecting in other areas on the Property led to the identification and sampling of ten new pegmatite outcrops, possibly indicating up to seven distinct pegmatite bodies. The independent sampling program conducted by SGS at the Property confirms the presence of lithium mineralization in the pegmatite bodies and supports the targeting of these bodies for potentially economic zones of lithium mineralization. Currently, no Mineral Resources or Mineral Reserves have been estimated on the Property. Based on the surface mapping, sampling, and sectional interpretation of the Lucky Mica dyke alone, SGS has defined a target envelope tonnage for this body of between 330,000 and 551,000 tonnes to a depth of 60m with target average grades between 0.3% and 2.5% Li2O. Work to date indicates up to seven distinct pegmatite bodies on the Property, with most of the sampling and mapping to date focused on the Lucky Mica dyke, the first of these dykes to be identified. These additional dykes could increase the mineral potential to between 330,000 and 3.0M tonnes. The potential quantity and grade for this "Mineral Potential" estimates is conceptual in nature; there has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in the target being delineated as a mineral resource. It should be noted that no recent drilling has been completed on the Property, which is necessary to delineate potentially economic grade and thickness intervals. RedZone's exploration strategy is to target all of the pegmatite bodies identified on the Property and if successful would aggregate multiple zones of lithium mineralization to an economic threshold resource tonnage and grade. Given the recent increase in the price of copper, RedZone is exploring strategic options to maximize the shareholder value of its 55% owned Lara Copper property in Peru. RedZone funded two separate diamond drilling campaigns on the Lara Property totalling 11,135 meters. Previously released drill highlights include 108 meters at 0.81% Cu and 0.015% Mo (0.90% CuEq) and 218 meters at 0.57% Cu and 0.04% Mo (0.81% CuEq), with both of these intersections starting near surface. The true widths of the drill hole intersections cannot be determined. Geological mapping and sampling, geophysical surveys, on-going compilation of all data, permitting and community relations agreements have successfully been completed. The exploration programs completed to date on the Lara property have successfully determined that the area of the original resource (18.6 Mt at 0.53% Cu with 0.2% Cu cut-off) is now 2,000 m long east and west and 500 m to 800 m wide north to south. Redzone is a mineral exploration company with a current focus on Lithium and Copper exploration. Redzone is listed on the TSX Venture Exchange (REZ) and more information can be found at www.redzoneresources.ca. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. Forward Looking Statements - Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of Redzone, including, but not limited to the impact of general economic conditions, industry conditions, dependence upon regulatory approvals, and the availability of financing. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.

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