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Showing posts with label Canada. Show all posts
Showing posts with label Canada. Show all posts

Monday, October 26, 2015

Primero Mining Corp Continues to Grow Black Fox at Depth and Announces Wide Extension of the Froome Zone

SOURCE: Primero Mining Corp.
Primero Mining Corp.
October 26, 2015 06:50 ET



TORONTO, ON--(Marketwired - October 26, 2015) - Primero Mining Corp. ("Primero" or the "Company") (TSX: P) (NYSE: PPP) today announces further extensions to the Deep Central Zone at the Company's Black Fox mine, located near Timmins, Ontario, Canada. Primero additionally reports the expansion of the Froome zone, located approximately 1 kilometre west of the open-pit at its Black Fox Complex.
Highlights:
  • Black Fox Continues to Grow at Depth: Wide intercepts demonstrate the continuation of high-grade mineralization at depth and include highlights of 16.0 grams per tonne ("g/t") gold over 11.9 metres (520-EX482-76) and 15.4 g/t gold over 10.9 metres (520-EX482-64) located over 800 metres below surface.
  • Delineation Drilling Continues to Grow the High-Grade Deep Central Zone: Results from the Deep Central Zone including 10.9 g/t gold over 10.5 metres (580-F392-38A), 8.7 g/t gold over 9.1 metres (580-F392-37) and 9.2 g/t gold over 8.4 metres (580-F392-41) have given Primero increased confidence in the wide, high-grade mineralization characteristics of this zone.
  • New Gold Zone Materializing at Black Fox: Recent drilling from the Froome zone, located 1 kilometre west of the Black Fox open-pit, include long mineralized intercepts of 5.1 g/t gold over 56.7 metres (15PR-G015),4.8 g/t gold over 52.4 metres (15PR-G007) and 5.1 g/t gold over30.9 metres (15PR-G013), demonstrating considerable continuity over long mineralized intervals.
  • Gibson South Zone Shows Promise: Highlights include 5.2 g/t gold over 34.0 metres (GF15-1043), and 6.4 g/t gold over 7.0 metres (GF15-1045) at the Gibson South deposit, located 300 metres to the southwest of the Grey Fox Contact zone.
"Our 2015 exploration program at Black Fox continues to exceed expectations, reaffirming our original investment thesis that the high-grade gold mineralization is much more extensive than previously identified," commented Joseph F. Conway, Chief Executive Officer. "Exploration drilling is already expected to have replaced our estimated full-year underground production at Black Fox, encouraging us that with continued success we'll be able to grow our resources beyond depletion this year. The extension of the Froome zone into a wide, continuous mineralized zone, located near the Black Fox mine confirms our belief that there remains significant exploration upside outside of the identified deposits at the Black Fox Complex."
Black Fox Continues to Grow at Depth
Today Primero announces additional drilling from the Black Fox mine, targeting the high-grade mineralization in the Deep Central Zone, located between the mine's 600 metre level and the 820 metre level. Two exploration holes have encountered the deeper extensions of this mineralized zone, returning long intercepts including 16.0 grams per tonne ("g/t") gold over 11.9 metres (520-EX482-76) and 15.4 g/t goldover 10.9 metres (520-EX482-64). Both intersections are located over 800 metres below surface.
Delineation drilling also targeting the Deep Central Zone continues to demonstrate wide intervals of high-grade mineralization. Specific highlights include 10.9 g/t gold over 10.5 metres (580-F392-38A), 8.7 g/t gold over 9.1 metres (580-F392-37) and 9.2 g/t goldover 8.4 metres (580-F392-41). The area remains open along strike and down dip and is expected to continue to expand with the results of additional exploration drilling.
Underground exploration drilling results are included in Table 1 with locations identified in Figure 1.
Table 1: Deep Central Zone - Highlighted Drilling Results
             
             
Hole  From
(m)
 To
(m)
 Core Length
(m)
 Gold Grade
(g/t)
520-EX482-64  361.4  372.3  10.9  15.4
520-EX482-76  366.4  378.3  11.9  16.0
520-L401-63A  334.0  339.5  5.5  7.6
 and  341.0  343.1  2.1  15.0
520-L401-67  337.0  345.5  8.5  7.6
580-F392-37  145.2  154.3  9.1  8.7
580-F392-38A  114.6  117.8  3.2  8.7
 and  129.7  140.1  10.5  10.9
580-F392-39A  129.6  132.5  2.9  11.2
 and  137.3  140.6  3.3  6.8
 and  148.8  155.2  6.4  5.3
580-F392-40  151.9  153.7  1.8  18.3
580-F392-41  152.0  160.4  8.4  9.2
580-F392-46  104.0  106.5  2.5  14.0
 and  119.0  122.6  3.6  4.8
          
          
*All assays are capped at 30 g/t gold, average gold grades over core length widths.
Froome Zone Demonstrates Black Fox's Continued Prospectiveness
The Company's surface drilling program at Black Fox has also been successful in expanding the Froome zone discovery. The Froome zone, located approximately 1 kilometre west of the Black Fox open-pit, was initially encountered in late-2014 and intersected by the discovery hole 14BF-591 which targeted a strong Induced Polarization ("IP") chargeability anomaly. Results from this initial hole were reported in the Company's February 23, 2015 news release and highlighted a long intercept of continuous mineralization grading 1.7 g/t gold over 66.0 metres. The Froome zone became a priority for 2015 surface exploration, and to-date 39 holes have targeted this new mineralized area.
Highlighted recent drill results from the Froome zone include 5.1 g/t gold over 56.7 metres (15PR-G015) and 4.8 g/t gold over 52.4 metres (15PR-G007) both less than 200 metres below surface, and provide the Company with confidence that this area could continue to expand. The Froome zone continues to be a priority for surface exploration through the remainder of 2015 and 2016.
The Froome zone demonstrates considerable continuity of mineralization and extends laterally over 500 metres dipping 70 to 75 degrees and is located along the highly prospective Gibson-Kelore Fault Zone ("GKFZ"). The GKFZ has been interpreted to be a southeast trending 2nd order splay of the Destor Porcupine Fault Zone ("DPFZ"), which is the major fault structure controlling much of the gold mineralization in the Timmins Gold Camp. The GKFZ is projected to originate from the DPFZ a few kilometres west-northwest of the Black Fox deposit, trending southeast and gradually splitting near the Grey Fox 147 zone at the south boundary of the Black Fox Complex properties.
The GKFZ is an economically important regional structure hosting a series of significant gold deposits including the 147, Contact, Gibson, and Gibson South zones at Grey Fox. It also hosts the two Hislop open-pit deposits, and the Ross Gold Mine. These deposits are all hosted along a 4 to 5 kilometre stretch of this fault.
Additional drilling is still required to fully define the extension of the Froome zone, which is open to the east, west, and at depth. The zone has been traced to the bedrock surface, located 30 metres below the ground surface level. Primero expects to complete approximately 9,000 metres (30 holes) of additional drilling in 2015 at the Froome zone.
Highlighted exploration drilling results from the Froome zone are included in Table 2 with locations identified in Figure 2. The true depth of the Froome intercepts listed below is approximately 100 metres below surface.
Table 2: Froome Zone - Highlighted Surface Exploration Drilling Results
             
             
Hole  From
(m)
 To
(m)
 Core Length
(m)
 Gold Grade
(g/t)
14BF-591 (previously reported)  219.0  285.0  66.0  1.7
15PR-G007  191.6  244.0  52.4  4.8
15PR-G010  349.0  352.0  3.0  4.5
15PR-G012  280.0  306.3  26.3  2.9
15PR-G013  176.9  207.8  30.9  5.1
 And  213.0  225.5  12.5  2.5
 And  275.0  277.5  2.5  6.2
15PR-G014  214.7  258.5  43.8  4.9
 Including  231.8  240.1  8.4  10.1
15PR-G015**  160.9  217.6  56.7  5.1
15PR-G042A  124.3  162.5  38.3  4.5
         
         
*All assays are capped at 100 g/t gold, average gold grades over core length widths.
**90 assay intervals (less than 1.0 metre each) are still pending for hole 15PR-G015.
Gibson South Zone Continues to Show Promise
Primero also announces recent drilling results from its Grey Fox project, located approximately 4 kilometres south-east of the Black Fox mine. The Grey Fox project currently includes two potential open-pits at the Contact and 147 zones, but the Grey Fox property also contains a number of other mineralized zones (Grey Fox South, Whisky Jack, Gibson, and Gibson South zones), all within close proximity to each other. These zones also have the potential to become additional sources of ore as part of the Black Fox Complex and are within trucking distance of the Black Fox mill facility.
Similar to the Froome zone, as described above, the Gibson South zone is also located along the GKFZ. The Gibson South zone is located approximately 300 metres southwest of the Contact Zone and south of the historic Gibson Decline, which was used in 1989 to extract an 8,000 tonne bulk sample with an average grade of 27.4 g/t.
Recent drilling at the Gibson South zone has returned results including 5.2 g/t gold over 34.0 metres (GF15-1043).
Highlights of Gibson South zone exploration drill results are included in Table 3 with locations identified in Figure 3.
Table 3: Gibson South Zone - Highlighted Surface Exploration Drilling Results
             
             
Hole  From
(m)
 To
(m)
 Core Length
(m)
 Gold Grade
(g/t)
GF15-1016  317.0  324.0  7.0  5.0
GF15-1043  305.0  339.0  34.0  5.2
GF15-1045  370.0  377.0  7.0  6.4
         
         
*All assays are capped at 100 g/t gold, average gold grades over core length widths.
The majority of 2015 drilling has been focused on infilling the Contact zone. This drilling continues to confirm the continuity mineralization within that zone. The two main Grey Fox area deposits, Contact zone and 147 zone have now been drilled off at 15 metre centres.
Highlights of Contact zone infill drill results are included in Table 4 with locations identified in Figure 3.
Table 4: Contact Zone - Highlighted Surface Exploration Drilling Results
             
             
Hole  From
(m)
 To
(m)
 Core Length
(m)
 Gold Grade
(g/t)
GF15-1013  24.00  37.00  13.0  4.1
GF15-1024  59.00  83.00  24.0  3.0
GF15-1027  82.00  85.60  3.6  8.8
GF15-1031  116.00  125.00  9.0  5.8
GF15-1034  127.65  150.00  22.4  6.3
         
         
*All assays are capped at 100 g/t gold, average gold grades over core length widths.
Black Fox Complex drilling was conducted by Norex Drilling supervised by Primero's exploration team. Mr. Gabriel Voicu, P. Geo., Vice President Geology and Exploration, reviewed the technical exploration information in this news release as the Qualified Person ("QP") for the Company for the purposes of National Instrument 43-101 ("NI 43-101"). All samples are 1/2 core and analyses reported herein were performed by the independent laboratories Polymet Labs of Cobalt, Ontario, which is ISO 9001:2000 certified in North America using standard fire assay procedures, AGAT Laboratories of Mississauga, Ontario, which is ISO 9001/IEC17025 certified, Accurassay Laboratories, which is ISO/IEC 17025 certified, ALS Laboratories, which is ISO 9001/IEC17025 certified, SGS Canada Laboratories, which is ISO9001/IEC17025 certified, using fire assay with ICP-OES finish or using gravimetric finish for values generally over 10 g/t gold, or Swastika Laboratories, which is ISO 17025 certified. Intercepts cited do not necessarily represent true widths, however drilling is generally intersecting interpreted mineralized zones at a high angle. Primero's quality control program includes systematic insertion of blanks, standard reference material and duplicates to ensure laboratory accuracy. Generally, in a block of twenty samples one will be a duplicate, one will be a standard and one will be a blank.
About Primero
Primero Mining Corp. is a Canadian-based precious metals producer that owns 100% of the San Dimas gold-silver mine and the Cerro del Gallo gold-silver-copper development project in Mexico and 100% of the Black Fox mine and adjoining properties in the Township of Black River‐Matheson near Timmins, Ontario, Canada. Primero offers immediate exposure to un-hedged, below average cash cost gold production with a substantial resource base in politically stable jurisdictions. The Company is focused on becoming a leading intermediate gold producer by building a portfolio of high quality, low cost precious metals assets in the Americas.
Primero's website is www.primeromining.com.
TECHNICAL INFORMATION AND QUALIFIED PERSON NOTES
The scientific and technical information regarding exploration results contained herein is based on information prepared by or under the supervision of Mr. Gabriel Voicu P.Geo., Vice President, Geology and Exploration, of Primero and a QP for the purposes of National Instrument 43-101 ("NI 43-101"). Mr. Voicu has reviewed and approved the contents of this news release.
CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION
This news release contains "forward-looking statements", within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities legislation, concerning the business and operations of Primero Mining Corp. and its consolidated subsidiaries (collectively, "Primero" or the "Company"). All statements, other than statements of historical fact, are forward-looking statements. Generally, forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects", "is expected", "in order to", "is focused on" (a future event), "estimates", "forecasts", "intends", "anticipates", "believes" or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", or the negative connotation thereof. Forward-looking information is also identifiable in statements of currently occurring matters which will continue in future or other statements that may be stated in the present tense and are not historical facts.
Forward-looking statements include, but are not limited to, statements regarding the Company's estimation of mineral reserves and resources and the realization of mineral reserve estimates (including all assumptions), the ability to identify new resources and convert resources into reserves and resources, the ability to access or find ore below the current mining level, the timing, nature and success of exploration activities, the ability to replace its estimated 2015 full-year production, and intentions to becoming an intermediate gold producer. The assumptions made by the Company in preparing the forward-looking information contained in this news release, which may prove to be incorrect, include, but are not limited to: the expectations and beliefs of management; the specific assumptions set forth above in this news release; that there are no significant disruptions affecting operations; that the Company does not change its development and exploration plans; that prices for gold and silver remain consistent with the Company's expectations; that the Company identifies new mineralization and extensions of existing mineralization, that the Company's current estimates of mineral reserves, mineral resources, mineral grades and mineral recovery are accurate, the discovery of additional ounces close to infrastructure and that mine development progresses as planned.
Forward-looking statements are subject to known and unknown risks, uncertainties and other important factors that may cause the actual results, performance or achievements of Primero to be materially different from those expressed or implied by such forward-looking statements, including: the ability to achieve planned production levels; the ability to fund exploration and development expenditures and for the expenditures to discover mineralization in minable quantities; possible variations in ore reserves, grade or recovery rates, mine development and operating risks; that there are no significant disruptions affecting operations, whether due to labour disruptions, supply disruptions, damage to or loss of equipment, whether as a result of natural occurrences including flooding, political changes, title issues, intervention by local landowners, loss of permits, or environmental concerns or otherwise; uncertainty of mineral reserves, mineral resources, mineral grades and mineral recovery estimates; uncertainty of future production, exploration and development plans; mining risks, including unexpected formations and cave-ins, which delay operations or prevent extraction of material; risks associated with foreign operations; governmental and environmental regulation; landowner dissatisfaction and disputes; damage to equipment; and the ability to build a portfolio of precious metals assets in the Americas. Certain of these factors are discussed in greater detail in Primero's registration statement on Form 40-F on file with the U.S. Securities and Exchange Commission, and its most recent Annual Information Form on file with the Canadian provincial securities regulatory authorities and available at www.sedar.com. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. In addition, although Primero has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.
Forward-looking statements are made as of the date hereof and accordingly are subject to change after such date. Forward-looking statements are provided for the purpose of providing information about management's current expectations and plans and allowing investors and others to get a better understanding of our operating environment. Primero does not undertake to update any forward-looking statements that are included in this document, except in accordance with applicable securities laws.
Image Available: http://www.marketwire.com/library/MwGo/2015/10/26/11G068958/Images/BF_Highlight_Holes_FINAL-1188292015719.jpg
Image Available: http://www.marketwire.com/library/MwGo/2015/10/26/11G068958/Images/Froome_Map_October_19th,_2015-881063557483.jpg
Image Available: http://www.marketwire.com/library/MwGo/2015/10/26/11G068958/Images/GF_Map_October_19th,_2015-70484734502.jpg
Attachment Available: http://www.marketwire.com/library/MwGo/2015/10/26/11G068958/PR20-15_BF_Exploration_Release_Final-1298314484896.pdf

Contact Information


For further information, please contact:
Evan Young
Manager, Investor Relations
Tel: (416) 814-2694
eyoung@primeromining.com

Thursday, September 3, 2015

Analyst sees 250% upside for Timmins Gold Corp - TSEv - TMM

Timmins Gold Corp
 
TMM-TSX 
TGD-NYSE
Financial Analysis by Ringler Research: Reveals TMM valued at $1.40 per share trading today at .345c Original Research from Ringler Research, a brand of Ringler Consulting and Research GmbH Analyst: Carsten Ringler Type of study:

 Projected upside potential to the analytical valuation price target: 250% Sector: Mining and Metals ISIN Nummer: CA88741P1036 WKN Wertpapierkennnummer: A0KFSM

 Timmins Gold Corp., which owns and develop various precious metals projects in Mexico. The author Carsten Ringler: "We like the high resource base of approximately 6.4 million ounces Gold and the medium to long-term production growth potential in the next few years. The Company has currently a very low market valuation and offers a high leverage in a rising precious metal prices environment. " 

 About the company: Timmins Gold Corp is a gold producer in Mexico. The current flagship project

"San Francisco Mine" is located about 150 km north of the capital city Hermosillo, which is in the state Sonora. The "San Francisco" mine is an open pit operation and the ore is processed in a multistage process thereafter. In 2014, a total of 121,573 ounces GoldEq were mined and processed with low cash cost AISC of 925 USD GoldEq ounce. The company expect to produce in 2015 between 100-110.000 ounces gold at cash cost of 875-925 USD. The project portfolio also includes the Mexican Gold Projects "Caballo Blanco" and "Ana Paula". It is planned, that both projects will be brought into production in the next few years.  

Timmins Gold is listed on the Canadian Stock Exchange and the Frankfurt Stock Exchange. More information about the projects and the company can be found at:

 www.timminsgold.com
 TGD-NYSE

Wednesday, October 8, 2014

Mason Graphite CEO "pleased" with new drill results

Mason Graphite Reports High Grade Intercepts from Infill Drilling in the GC Zone, Including 27 Meters at 40.3 % Cg, and Announces the Appointment of a New Director of Sustainable Development

Mason Graphite Inc. ("Mason Graphite" or the "Company") (TSX.V: LLG; OTCQX: MGPHF) is pleased to report the second batch of assay results from the 2013-2014 drilling program at its Lac Guéret project in northeastern Quebec. The drill program consisted of 97 holes totaling 15,108 metres and was designed to pursue three objectives:

to explore for mineral extensions to the North-East and beyond the defined resource envelope of the GC Zone (18 holes totaling 2,085 metres) – Results previously reported in the press release dated July 29, 2014;
to explore for mineral continuity within the defined resource envelope of the GC Zone (68 holes totaling 11,323 metres); and
to conduct exploration drilling on graphite showings on the property located beyond the areas where drilling had previously been conducted (11 holes totaling 1,700 metres).

This press release reports assay results from drilling conducted in the GC zone. The remaining drilling results will be reported in upcoming communications.

Results Confirm Presence of High Grade Areas in the GC Zone

"We are very pleased that these new results confirm the continuity of the mineralization within the GC zone. Furthermore, we continue to obtain high graphite grades, which supports our belief in the exceptional quality of the Lac Guéret property. These latest results will be combined with those from the North-East extension to update our resource estimate, which is expected to lead to the upgrade of the resource categories and to also allow for the optimization of the mining plan during our Feasibility Study.” said Benoit Gascon, President and CEO of Mason Graphite.

Drilling was performed in a quincunx pattern, with new holes drilled roughly in the middle of four (4) existing holes, resulting in an average distance of 35 metres between holes. The former drilling followed a grid pattern, with average spacing of 50 x 50 metres.

Intercept highlights from drilling conducted inside the PEA open pit envelope in the GC Zone include:

Hole LG-403 intersected 76 metres at 27.5 % Cg, including 38 metres at 39.3 % Cg;
Hole LG-421 intersected 46 metres at 28.7 % Cg, including 27 metres at 40.3 % Cg;
Hole LG-424 intersected 86 metres at 32.7 % Cg, including 73 metres at 36.1 % Cg; and
Hole LG-471 intersected 50 metres at 23.9 % Cg near the surface (4 metres), including 21 metres at 37.4 % Cg.

Intercept highlights from drilling conducted outside the PEA open pit envelope in the GC Zone include:

Hole LG-420 intersected 42 metres at 24.6 % Cg, including 17 metres at 34.7 % Cg near the surface (7 metres);
Hole LG-439 intersected 58 metres at 20.2 % Cg, including 14 metres at 36.6 % Cg;
Hole LG-455 intersected 202 metres at 21.6 % Cg, including 3 intersections of 17, 24 and 46 metres at 30.7 % Cg to 33.3 % Cg, respectively;
Hole LG-458 intersected 91 metres at 25.3 % Cg, including 30 metres at 40.8 % Cg; and
Hole LG-463 intersected 130 metres at 26.7 % Cg, including 57 metres at 39.0 % Cg.

Table 1 – Most relevant drill results from the GC Zone, inside the PEA Pit Envelope
Follow this link to view table: http://bit.ly/1BSy1m4

Table 2 – Most relevant drill results from the GC Zone, outside the PEA Pit Envelope
Follow this link to view table: http://bit.ly/1uC1PTJ


Appointment of Director of Sustainable Development

Mason Graphite is also pleased to announce that Mrs. Jacqueline Leroux, Eng. has joined its management team as Director of Sustainable Development. Mrs. Leroux has worked for two major mining projects in the province of Quebec (Project BlackRock and Project Éléonore) where she was in charge of sustainable development, various environmental studies and social relations. She successfully conducted the permitting processes for both projects. Her experience is expected to be invaluable to the development of the Lac Guéret project.

About Mason Graphite
Mason Graphite is a Canadian mining company focused on the exploration and development of its 100% owned Lac Guéret graphite property, located in northeastern Québec. The property hosts a National Instrument 43-101 compliant Mineral Resource featuring 50,024,000 tonnes grading 15.6% Cg, including 6,672,000 tonnes grading 32.4% Cg, in the Measured and Indicated categories and 11,861,000 tonnes grading 17.1% Cg, including 2,637,000 tonnes grading 30.5% Cg, in the Inferred category (see press release dated December 5, 2013). Excellent potential exists for further mineral growth. A Preliminary Economic Assessment (PEA) study was completed on a 7.6Mt mineral resource estimate from July 2012 which features 22 years of production at 27.4% Cg and a pre-tax internal rate of return of 33.7% (see technical report entitled “Technical Report on the Mineral Resources Estimation Update 2013, Lac Guéret Graphite Project, Quebec, Canada” issued on January 17, 2014). The Company's senior management team possesses significant graphite expertise from their experience at Timcal/Imerys, including Benoît Gascon, CPA, CA, who held executive positions for 20 years, including over 6 years as President and CEO; Jean L'Heureux, Eng., Executive Vice-President, Process Development, with over 20 years of experience; and Luc Veilleux, CPA, CA, Chief Financial Officer and Executive Vice-President, with 8 years of experience. Timcal, now owned by Imerys, is one of the largest graphite producers in the world.
Qualified Persons/Quality Control and Assurance

Yves Caron, P. Geo., Mason Graphite's Director of Exploration and Geology and a Qualified Person as defined by National Instrument 43-101, supervised the drill program and has reviewed and approved the geological scientific and technical content of this press release.

Jean L’Heureux, Eng., Mason Graphite's Executive Vice-President Process Development and a Qualified Person as defined by National Instrument 43-101, has reviewed and approved the metallurgical scientific and technical content of this press release.

Analyses for this drilling campaign were carried out by AGAT Laboratories Ltd. in Mississauga, Ontario, a company independent from Mason Graphite, exercising a thorough Quality Control and Assurance program (QA/QC) with Mason Graphite personnel inserting one blank, two standards and one duplicate every 100 samples. AGAT Laboratories is an accredited analytical laboratory. Carbon as graphite ("Cg") assays reported in this press release were obtained by using the LECO analytical technique ASTM E1915-07A with a detection limit of 0.01% Cg. Drill holes were sampled over an average of 1.5 metre intervals.


Stay Connected:
Twitter: @MasonGraphite
Facebook: /MasonGraphite

For more information about Mason Graphite, visit www.masongraphite.com or contact Investor Relations at info@masongraphite.com.

Simon Marcotte, Vice-President Corporate Development
+1 (416) 861-5822

Benoît Gascon, President & CEO

Head Office (Greater Montreal)
3030 Le Carrefour blvd. Suite 600
Laval QC H7T 2P5

Toronto Office
65 Queen Street West, Suite 800
Toronto, ON M5H 2M5

Cautionary Statements
This press release contains "forward-looking information" within the meaning of Canadian securities legislation. All information contained herein that is not clearly historical in nature may constitute forward-looking information. Generally, such forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: (i) volatile stock price; (ii) the general global markets and economic conditions; (iii) the possibility of write-downs and impairments; (iv) the risk associated with exploration, development and operations of mineral deposits; (v) the risk associated with establishing title to mineral properties and assets; (vi) the risks associated with entering into joint ventures; (vii) fluctuations in commodity prices; (viii) the risks associated with uninsurable risks arising during the course of exploration, development and production; (ix) competition faced by the resulting issuer in securing experienced personnel and financing; (x) access to adequate infrastructure to support mining, processing, development and exploration activities; (xi) the risks associated with changes in the mining regulatory regime governing the resulting issuer; (xii) the risks associated with the various environmental regulations the resulting issuer is subject to; (xiii) risks related to regulatory and permitting delays; (xiv) risks related to potential conflicts of interest; (xv) the reliance on key personnel; (xvi) liquidity risks; (xvii) the risk of potential dilution through the issue of common shares; (xviii) the Company does not anticipate declaring dividends in the near term; (xix) the risk of litigation; and (xx) risk management.

Forward-looking information is based on assumptions management believes to be reasonable at the time such statements are made, including but not limited to, continued exploration activities, no material adverse change in metal prices, exploration and development plans proceeding in accordance with plans and such plans achieving their stated expected outcomes, receipt of required regulatory approvals, and such other assumptions and factors as set out herein. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the 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 forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such forward-looking information. Such forward-looking information has been provided for the purpose of assisting investors in understanding the Company's business, operations and exploration plans and may not be appropriate for other purposes. Accordingly, readers should not place undue reliance on forward-looking information. Forward-looking information is made as of the date of this press release, and the Company does not undertake to update such forward-looking information except in accordance with applicable securities laws.

Mineral resources that are not mineral reserves do not have demonstrated economic viability. The estimate of mineral resources may be materially affected by environmental, permitting, legal, title, taxation, sociopolitical, marketing, or other relevant issues.

The quantity and grade of reported inferred mineral resources in this news release are uncertain in nature and there has been insufficient exploration to define these inferred mineral resources as indicated or measured mineral resources and it is uncertain if further exploration will result in upgrading them to indicated or measured mineral resources.

The PEA is preliminary in nature and includes Inferred Mineral Resources, which are considered too geologically speculative to have mining and economic considerations applied to them that would enable them to be categorized as mineral reserves. Mineral resources that are not mineral reserves do not have demonstrated economic viability. There is no certainty that the reserves development, production, and economic forecasts on which the PEA is based 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.

Wednesday, April 23, 2014

Berkwood Engages ABGeoconseil to Conduct Fieldwork at Lac Gueret East Graphite Property and Consult on Graphite Strategy


Vancouver, BC / ACCESSWIRE / April 10, 2014 / Berkwood Resources (TSX-V: BKR) (the "Company" or "Berkwood") has retained the services of geologist consultant, Alain Berclaz, P. Geo and CEO of ABGeoconseil Inc. to lead the fieldwork program at Berkwood's Lac Gueret East Graphite Property. Mr. Berclaz has been working as a Geologist for 23 years with significant field experience throughout Europe, West Africa and Canada, including the Grenville Province. He has published, lectured and authored nearly 100 publications. He has worked for the Universite Laval, the Geological Survey of Canada, and the Ministry of Natural Resources of Quebec. He has also worked over the past 15 years as an independent consultant exploring for gold, PGE, base metals (Ni, Cu, Co, Mo) as well as porphyry and IOCG type mineralization (Au, Ag, Cu, Mo, W, Sn, REE).

Brian Buchanan, President and Director of Berkwood commented "Berkwood is uniquely positioned as one of the only companies to have acquired significant land positions in the immediate vicinity of Mason Graphite's advanced Lac Gueret project. The Lac Gueret East Graphite Property is well located in the Grenville Province, sharing a similar geological environment to Mason Graphite's Lac Gueret project. We are looking forward to working with ABGeoconseil on the optimization and potential expansion of Berkwood's graphite portfolio in this prospective region"

To view details, maps and photos of Berkwood's Lac Gueret East Graphite Property please click the following link: http://www.berkwoodresources.com/lac-gueret-east.html.
If you are not currently on the Berkwood Resources news and updates list, you can opt-in via the Berkwood website by clicking here http://www.berkwoodresources.com/contact.html. News Releases and exploration updates are emailed to list members who wish to keep up to date with Berkwood Resources and our projects.
On behalf of Berkwood Resources
"Brian Buchanan"
Brian Buchanan, President and Director
For additional information please contact:
Karim Sayani, Corporate Communications
Tel: (604) 662-7455 E-mail: karim@berkwoodresources.com
Tom Steer, Corporate Development
Tel: (604) 662-7455 E-mail: tomsteer@berkwoodresources.com
Forward Looking Statements
This Berkwood News Release may contain certain "forward-looking" statements and information relating to Berkwood that are based on the beliefs of Berkwood's management as well as assumptions made by and information currently available to Berkwood's management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, without limitation, competitive factors, general economic conditions, relationships with strategic partners, governmental regulation and supervision, seasonality, technological change, changes in industry practices, and one-time events. Should any one or more of these risks or uncertainties materialize, or should any underlying assumptions prove incorrect, actual results and forward-looking statements and forward-looking information may vary materially from those described herein. Except as required by law, Berkwood does not assume the obligation to update any forward-looking statement or forward-looking information.
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 news release.

Tuesday, April 22, 2014

RB Energy, Formerly Canada Lithium, to produce Battery Grade Li in Q3 2014


TSX:RBI
OTCQX:RBEIF






April 22, 2014 08:30 ET

RB Energy Provides an Operations Update for Quebec Lithium



VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 22, 2014) - RB Energy Inc. (the "Company" or "RBI" or RB Energy") (TSX:RBI)(OTCQX:RBEIF) is pleased to report that with temperatures in the Val d'Or area of Quebec rising, the Quebec Lithium concentrator was successfully restarted last week as planned. Production volumes from the concentrator are gradually being increased to enable the restart of the hydromet circuit by the end of this week. In Q2 throughputs will gradually be increased and, with the ore sorter commissioning commencing by the end of Q2, will enable commercial production levels to be achieved as scheduled in Q3. The first sales of battery grade lithium carbonate are expected to commence in May.

By the end of Q3 the crushing circuit of the concentrator will be completely winterized, enabling lithium carbonate production year round going forward

Commenting on the restarting of the Quebec Lithium operation, Richard Clark, President and CEO, said: "Mother nature has finally decided to allow spring to arrive. This winter in Quebec was extremely challenging. With the long duration of extremely cold temperatures, and incomplete winterization at the plant, it was not possible to operate the concentrator for the better part of 5 months. Despite this situation, we were able to successfully commence commissioning of the hydromet section of the plant and we achieved a very high grade battery product in March. With all components of the Quebec Lithium complex in operation, we now look forward to delivering into our offtake contracts. 

I would like to take this opportunity to thank our shareholders, bankers, other investors and offtake partners for their support and patience. I would also like to thank our employees for their continued commitment and determination. It has been a long road with numerous challenges, but we are very excited about being so close to achieving our goal of being a new, high quality, strategic, lithium carbonate producer." 

RBI is a Canadian company formed pursuant to the arrangement involving Sirocco Mining Inc. and Canada Lithium Corp. It currently owns Aguas Blancas, an iodine producing mine in northern Chile, and the Quebec Lithium Project near Val d'Or, the geographical heart of the Quebec mining industry. The Aguas Blancas mine is currently in production. The Quebec Lithium Project has completed construction and is in the commissioning phase. For more information regarding RBI, please refer to its public filings available at www.sedar.com.

Forward-Looking Statements
Certain information contained in this news release, including any information relating to the state of the lithium and iodine industries; statements regarding our ability and the timing to achieve and sustain commercial production and name-plate production levels of iodine; our ability to secure commercial orders from our customers; and our ability to become a material player in the lithium market are "forward-looking statements". These forward-looking statements relate to future events or future performance and reflect the Company's expectations regarding the future growth, results of operations, business prospects and opportunities of RBI. These forward-looking statements also reflect the Company's current internal projections, expectations or beliefs and are based on information currently available to the Company. In some cases forward-looking information can be identified by terminology such as "may", "will", "should", "expect", "intend", "plan", "anticipate", "believe", "estimate", "projects", "potential", "scheduled", "forecast", "budget" or the negative of those terms or other comparable terminology. The estimates and assumptions of RBI underlying the forward-looking statements in this news release may prove to be incorrect. Assumptions upon which such forward-looking information include, among other things, successful and timely commissioning, ramp-up and production at the Québec Lithium Project; the lack of any further significant capital expenditures during the commissioning stage or to bring the hydrometallurgical process plant into production; the continuing support and cooperation of RBI's off-take partners; as well as financial predictions premised on such assumptions. Although the Company believes that the forward-looking information contained in this news release is based on reasonable assumptions, readers cannot be assured that actual results will be consistent with such statements. Accordingly, readers are cautioned against placing undue reliance on forward-looking information. RBI expressly disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, events or otherwise, except in accordance with applicable securities laws.

Contact Information

Tuesday, January 7, 2014

Berkwood Resources acquires Graphite claims directly adjacent to Mason Graphite's Lac Geuret property

Berkwood Resources Ltd. g
the Lac Guéret East Graphite Property, Quebec

Berkwood Resources Ltd. (TSX.V:BKR) (“Berkwood” or “the Company”), is pleased to announce that it has acquired, from a local prospector, additional contiguous ground immediately to the west of its Lac Guéret East Graphite Property located in northeastern Quebec. The newly acquired claims will be added to the current 63 contiguous claim (3,204 ha) Lac Guéret East Graphite Property where during the fall 2012 exploration program the first Graphite bearing zone on the Property was discovered.


The newly acquired claims comprise 7 blocks, (378 ha total) located to the west, and are contiguous with the original Lac Guéret East Graphite Property, which will now directly border Mason Graphite`s Lac Gueret Property over 7 km on its eastern side (see maps below or click here).



Brian Buchanan, President and Director of Berkwood commented: “We are pleased to have enhanced our evolving graphite exploration property east of the significant Mason Graphite discoveries. This area of Quebec is known for high purity, large flake graphite and has been identified as an ideal geological setting for graphite exploration.”


Mason Graphite’s advanced Lac Guéret Property has a NI 43-101 compliant mineral resource estimate with measured & indicated mineral resources of 50 million tonnes grading 15.6% Cgr (including 6.6 million tonnes grading 32.4% Cgr). Berkwood’s Lac Guéret East Graphite Property shares a similar geological environment as Mason Graphite’s Lac Guéret Property including along strike stratigraphic units and structures.

Mason Graphite’s recently updated NI 43-101 mineral resource estimate includes assay data from 170 holes (approximately 26,500 metres) drilled in the GC Zone. Mason reports that the mineral envelope remains open in all directions and the company expects further expansion with additional drilling. The GC Zone lies approximately 1.5 km to the west of Berkwood’s Lac Guéret East Graphite Property boundary.


Thursday, July 11, 2013

San Gold Reports 2013 Q2 Increase in Production Results

San Gold CorporationSan Gold Corporation

TSX : SGR
OTCQX : SGRCF

July 11, 2013 09:03 ET



WINNIPEG, MANITOBA--(Marketwired - July 11, 2013) -San Gold Corporation (TSX:SGR) (OTCQX:SGRCF) today announced preliminary results of operations at its Rice Lake Mining Complex in Manitoba, Canada for the quarter ended June 30, 2013.
Second Quarter 2013 Production Highlights
  • Gold production of 22,476 ounces.
  • Mine production of 173,350 tons.
  • Mill production of 162,344 tons.
Second Quarter 2013 Preliminary Operating Results
San Gold produced 22,476 ounces of gold in the second quarter, bringing total production for the first six months of the year to 39,830 ounces. The operation mined 173,350 tons of ore at an average daily rate of 1,905 tons per day and milled 162,344 tons in the quarter at an average daily throughput of 1,765 tons per day. Mill recovery was 94.0% and milled grade was 5.05 grams per tonne. The company ended the quarter with approximately 11,000 tons in a low grade stockpile in addition to a blended stockpile of approximately 4,200 tons.
During the second quarter, the Company implemented a number of operational changes and cost cutting initiatives in response to adverse market conditions. Specifically the company has changed the mining mix with a continued strong reliance on the 007 mine and an increase of mining in the Rice Lake mine with less dependence on the Hinge mine. Beginning in June 2013 the company began to stockpile lower grade ore on a surface stockpile and has deferred mining some lower grade material throughout the operation pending an improvement in the price of gold.
"I am extremely pleased with the progress we have made in the last quarter. We exceeded our expectations for gold production, improved grade and curtailed unnecessary spending. The company has now accessed the 007 ore zones from 26 Level in the Rice Lake mine which is providing a supplemental ore feed for the mill. We have cancelled or deferred non-critical capital expenditures and San Gold has taken over responsibility from the contractor for capital development in the 007 mine. 16 Level in Rice Lake remains a top development priority, with the mining contractor pushing the lateral development out to intersect the down-dip extensions of both the Hinge and 007 mines," said Ian Berzins, San Gold's President, CEO and Chief Operating Officer.
The Company remains on track to produce between 75,000 and 90,000 ounces of gold in 2013 with cash costs between $800 and $900 per ounce.

About San Gold
San Gold is an established Canadian gold producer, explorer, and developer that owns and operates the Rice Lake Mining Complex near Bissett, Manitoba. The Company employs more than 420 people and is committed to the highest standards of safety and environmental stewardship. San Gold is on the Toronto Stock Exchange under the symbol "SGR" and on the OTCQX under the symbol "SGRCF".
For further information on San Gold, please visit www.sangold.ca.
Cautionary Note
No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This news release includes certain "forward-looking statements". All statements, other than statements of historical fact included in this release, including, without limitation, statements regarding forecast gold production, gold grades, recoveries, cash operating costs, potential mineralization, mineral resources, mineral reserves, exploration results, and future plans and objectives of the Company, are forward-looking statements that involve various risks and uncertainties. These forward-looking statements include, but are not limited to, statements with respect to mining and processing of mined ore, achieving projected recovery rates, anticipated production rates and mine life, operating efficiencies, costs and expenditures, changes in mineral resources and conversion of mineral resources to proven and probable mineral reserves, and other information that is based on forecasts of future operational or financial results, estimates of amounts not yet determinable and assumptions of management.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects" or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "estimates" or "intends", or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved) are not statements of historical fact and may be "forward-looking statements." Forward-looking statements are subject to a variety of risks and uncertainties that could cause actual events or results to differ from those reflected in the forward-looking statements.
There can be no assurance that forward-looking statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include, among others, the actual results of current exploration activities, conclusions of economic evaluations and changes in project parameters as plans continue to be refined as well as future prices of precious metals, as well as those factors discussed in the section entitled "Other MD&A Requirements and Additional Disclosure and Risk Factors" in the Company's most recent quarterly Management's Analysis and Discussion ("MD&A"). Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

Contact Information


San Gold Corporation
Ian Berzins
President and CEO
Chief Operating Officer
Toll Free: 1 (855) 585-4653

San Gold Corporation
Tim Friesen
Communications Director
Toll Free: 1 (855) 585-4653
sgr@sangold.ca
www.sangold.ca

Tuesday, April 9, 2013

Gold production up at Brigus Gold's Black Fox Mine.

Brigus Gold Exceeds Q1 Production Target9:15AM ET on Monday Apr 08, 2013 by Business Wire
Brigus Gold Corporation ("Brigus" or the "Company")(NYSE MKT: BRD; TSX: BRD) is pleased to announce record production levels of 26,316 gold ounces in the first quarter of 2013.

"Operationally Brigus has never been stronger," said Daniel Racine, Brigus' President and Chief Operating Officer. "Much of our production success can be attributed to the underground gold grades which continued to exceed reserve grades during the quarter."


      Operating Results        First Quarter   Change  Fourth Quarter   Change
                             -----------------         --------------
                               2013     2012                2012
---------------------------  -------  -------  ------  --------------  -------
Tonnes milled                183,819  180,965   2,854         185,727  (1,908)
---------------------------  -------  -------  ------  --------------  -------
Tonnes per day                 2,042    1,989      53           2,019       23
---------------------------  -------  -------  ------  --------------  -------
Average recovery (%)              94       96     (2)              94        -
---------------------------  -------  -------  ------  --------------  -------
Average grade (gpt)             4.74     3.04    1.70            4.04     0.70
---------------------------  -------  -------  ------  --------------  -------
Gold production (ounces)      26,316   16,922   9,394          22,672    3,644
---------------------------  -------  -------  ------  --------------  -------
Gold sold (ounces)            27,818   16,033  11,785          20,175    7,643
---------------------------  -------  -------  ------  --------------  -------
Gold price (US$/ ounce) (1)   $1,626   $1,687   $(61)          $1,712    $(86)
---------------------------  -------  -------  ------  --------------  -------
(1) Excludes the impact of sales under the Goldstream agreement

Brigus Gold produced a total of 26,316 gold ounces in Q1 2013, a 16 percent increase from the 22,672 ounces produced in the fourth quarter of 2012 and a 56 percent increase over the same period in 2012.

The Black Fox mill processed 183,819 tonnes of ore at an average grade of 4.74 grams of gold per tonne and an average recovery of 94 percent in the quarter. Throughput averaged 2,042 tonnes per day.
The Company will release complete first quarter financial and operational results on May 14, 2013.
2013 Outlook In 2013, Brigus will fund Black Fox and Grey Fox operations with internally generated cash flows. Brigus' production guidance for 2013 is 90,000 to 100,000 ounces and cash costs are anticipated to be in the range of $700 - $750 per ounce.

Capital costs for 2013 are forecasted as follows; $16 million (M) for underground sustaining capital, $6M for development capital relating to the underground, $13M for open pit capital stripping and overburden removal, $6M for property plant, equipment and other capital items, $2.5M for underground exploration, and $12M for development of the Grey Fox Mine and exploration on the Black Fox Complex.

The Company remains focused on increasing gold resources at Grey Fox and at the Black Fox underground mine through targeted exploration drilling which will continue throughout the year.

About Brigus Gold
 Brigus is a growing gold producer committed to maximizing shareholder value through a strategy of efficient production, targeted exploration and select acquisitions. The Company operates the wholly owned Black Fox mine and mill in the Timmins Gold District of Ontario, Canada. The Black Fox Complex encompasses the Black Fox mine and adjoining properties in the Township of Black River-Matheson, Ontario, Canada. Brigus is also advancing the Goldfields Project located near Uranium City, Saskatchewan, Canada, which hosts the Box and Athona gold deposits. In Mexico, Brigus has the Ixhuatan Project located in the state of Chiapas. In the Dominican Republic, Brigus has signed an agreement to sell its remaining interests in three mineral exploration projects.
Cautionary and Forward-Looking Statements Statements contained in this news release, which are not historical facts, are forward-looking statements that involve risk, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. All statements regarding the ability of the Company to achieve its production, total cash costs, steady state annual production and mining rate estimates; increase in gold production; increase in profitability; exploration drill results and resource additions, are forward-looking statements and estimates that involve various risks and uncertainties. This forward-looking statements include, or may be based upon, estimates, forecasts, and statements as to management's expectations with respect to, among other things, the outcome of legal proceedings, the issue of permits, the size and quality of the Company's mineral resources, progress in development of mineral properties, future production and sales volumes, capital and mine production costs, demand and market outlook for metals, future metal prices and treatment and refining charges, and the financial results of the Company.
Important factors that could cause actual results to differ materially from these forward-looking statements include environmental risks and other factors disclosed under the heading "Risk Factors" in Brigus' most recent Annual Information Form and Management Discussion and Analysis filed under the Company's name at www.sedar.com and annual report on Form 40-F filed with the United States Securities and Exchange Commission at www.sec.gov as well as elsewhere in Brigus' documents filed from time to time with the Toronto Stock Exchange, the NYSE Amex Equities, the United States Securities and Exchange Commission and other regulatory authorities. All forward-looking statements included in this news release are based on information available to the Company on the date hereof. The Company assumes no obligation to update any forward-looking statements, except as required by applicable securities laws.


SOURCE: Brigus Gold Corporation

Brigus Gold Corporation 
Kate Wood, (902) 442-7184 
Manager, Investor Relations 
kwood@brigusgold.com