Amerigo Reports Record Q3-2018 Production Results

Amerigo Resources Ltd. (TSX:ARG)

VANCOUVER, BRITISH COLUMBIA, CANADA, October 15, 2018 /EINPresswire.com/ — October 15, 2018
N.R. 2018-9

Amerigo Reports Record Q3-2018 Production Results

Vancouver, British Columbia – October 15, 2018/CNW/ – Amerigo Resources Ltd. ("Amerigo" or the "Company") (TSX: ARG) announced today production results for Q3-2018 from Minera Valle Central ("MVC"), the Company’s 100% owned operation located near Rancagua, Chile.

MVC set new production records in Q3-2018

In Q3-2018 Amerigo produced 17.6 million pounds of copper at a cash cost of $1.38 per pound. Molybdenum production was 0.6 million pounds.

Rob Henderson, Amerigo's President and CEO, stated “The team at MVC has done well to safely deliver the Phase Two expansion project on schedule and copper recovery is increasing. In Q3-2018, MVC achieved record copper and molybdenum production and more importantly, cash cost is now at the lowest level since 2006.”

Q3-2018 Q2-2018 Q1-2018
Q4-2017 Q3-2017
Fresh tailings
Tonnes processed 11,125,346 11,114,743 10,521,210 11,290,794 11,152,930
Copper grade 0.121% 0.118% 0.119% 0.123% 0.117%
Copper recovery 19.1% 19.1% 19.3% 19.7% 19.8%
Copper produced (millions of pounds) 5.652 5.526 5.309 6.030 5.700
Cauquenes tailings
Tonnes processed 5,651,098 5,642,687 5,328,898 5,650,522 5,716,546
Copper grade 0.259% 0.238% 0.246% 0.247% 0.240%
Copper recovery 36.8% 30.7% 30.8% 31.2% 32.4%
Copper produced (millions of pounds) 11.903 9.132 8.901 9.596 9.786
Total copper produced (millions of pounds) 17.555 14.658 14.210 15.625 15.487
Total copper delivered (millions of pounds) 17.595 14.219 14.520 15.970 15.251
Cash cost ($/pound copper) 1.38 1.71 1.77 1.66 1.69

MVC’s Phase Two expansion project was essentially complete in Q3-2018 and production ramp up is ongoing

At September 30, 2018, the Phase Two expansion project was 97% complete. The new rougher flotation cells started to produce concentrates on August 20 and the new cleaner flotation circuit came on-line on October 12.

The 60-day production test required under the Cauquenes expansion finance loan is scheduled to commence on October 17, 2018. The project’s $1.5 million concentrate regrind mill has been removed from the Phase Two completion timeline and is expected to be installed in Q1-2019. The completion of the project in Q4-2018 will substantially strengthen Amerigo’s cash generation capacity.

The Phase Two capital expenditure (“Capex”) is estimated at $37.4 million, compared to budget of $35.3 million, primarily due to a 9.3% appreciation of the Chilean peso during the construction period compared to budget.

2018 copper production and cash guidance are maintained

The Company continues to expect 2018 production of 65 to 70 million pounds of copper at a cash cost of $1.45 to $1.60/lb and has increased molybdenum production guidance to 1.8 million pounds.

In 2018, MVC expects to incur $26 million in Phase Two Capex, $5.5 million in sustaining Capex, an additional $1.5 million in Capex projects to improve safety and process efficiencies and a $8.4 million expansion of its molybdenum plant, financed by way of a seven-year lease and operating contract.

The Phase Two project has improved flotation recovery efficiency, allowing MVC to increase production to an estimated 85 to 90 million pounds of copper per year.

Release of Q3-2018 financial results on November 5, 2018

The Company will release Q3-2018 financial results at market open on Monday November 5, 2018.

Investor conference call on November 6, 2018

Amerigo’s quarterly investor conference call will take place on Tuesday November 6, 2018 at 11:00 am Pacific Standard Time/2:00 pm Eastern Standard Time.

To joint the call, please dial 1-800-377-0758 (Toll-Free North America) and let the operator know you wish to participate in the Amerigo Resources conference call.

The analyst and investment community are welcome to ask questions to management. Media can attend on a listen-only basis.

About Amerigo and MVC

Amerigo Resources Ltd. is an innovative copper producer with a long-term partnership with Corporación Nacional del Cobre de Chile (“Codelco”), the world’s largest copper producer.

Amerigo produces copper concentrate at the MVC operation in Chile by processing fresh and historic tailings from Codelco’s El Teniente mine, the world's largest underground copper mine. Tel: (604) 681-2802; Fax: (604) 682-2802; Web: www.amerigoresources.com; Listing: ARG:TSX.

For further information, please contact:

• Rob Henderson, President and CEO (604) 697-6203
• Aurora Davidson, Executive Vice-President and CFO (604) 697-6207

Cautionary Note Regarding Forward-Looking Information
This news release contains certain forward-looking information and statements as defined in applicable securities laws (collectively referred to as "forward-looking statements"). These statements relate to future events or the Company’s future performance. All statements other than statements of historical fact are forward-looking statements. The use of any of the words "anticipate", "plan", "continue", "estimate", "expect", "may", "will", "project", "predict", "potential", "should", "believe" and similar expressions is intended to identify forward-looking statements. Although the Company believes that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond the Company’s control, the Company cannot assure that it will achieve or accomplish the expectations, beliefs or projections described in the forward-looking statements. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such statements. These forward-looking statements include but are not limited to, statements concerning:

• a forecasted increase in production and a reduction in operating costs;
• our strategies and objectives;
• our estimates of the availability and quantity of tailings, and the quality of our mine plan estimates;
• prices and price volatility for copper and other commodities and of materials we use in our operations;
• the demand for and supply of copper and other commodities and materials that we produce, sell and use;
• sensitivity of our financial results and share price to changes in commodity prices;
• our financial resources and our expected ability to meet our obligations for the next 12 months;
• interest and other expenses;
• domestic and foreign laws affecting our operations;
• our tax position and the tax rates applicable to us;
• the timing and costs of construction and tolling/production of, and the issuance and maintenance of the necessary permits and other authorizations required for, our expansion projects, including the expansion for the Cauquenes deposit and the timing of ramp-up to full production from Cauquenes;
• our ability to procure or have access to financing and to comply with our loan covenants;
• the production capacity of our operations, our planned production levels and future production;
• potential impact of production and transportation disruptions;
• hazards inherent in the mining industry causing personal injury or loss of life, severe damage to or destruction of property and equipment, pollution or environmental damage, claims by third parties and suspension of operations
• our planned capital expenditures (including our plan to upgrade our existing plant and operations) including the timing and cost of completion of our capital projects;
• estimates of asset retirement obligations and other costs related to environmental protection;
• our future capital and production costs, including the costs and potential impact of complying with existing and proposed environmental laws and regulations in the operation and closure of our operations;
• repudiation, nullification, modification or renegotiation of contracts;
• our financial and operating objectives;
• our environmental, health and safety initiatives;
• the outcome of legal proceedings and other disputes in which we may be involved;
• the outcome of negotiations concerning metal sales, treatment charges and royalties;
• disruptions to the Company's information technology systems, including those related to cybersecurity;
• our dividend policy; and
• general business and economic conditions.

Inherent in forward-looking statements are risks and uncertainties beyond our ability to predict or control, including risks that may affect our operating or capital plans; risks generally encountered in the permitting and development of mineral projects such as unusual or unexpected geological formations, negotiations with government and other third parties, unanticipated metallurgical difficulties, delays associated with permits, approvals and permit appeals, ground control problems, adverse weather conditions, process upsets and equipment malfunctions; risks associated with labour disturbances and availability of skilled labour and management; fluctuations in the market prices of our principal commodities, which are cyclical and subject to substantial price fluctuations; risks created through competition for mining projects and properties; risks associated with lack of access to markets; risks associated with availability of and our ability to obtain both tailings from Codelco’s Division El Teniente’s current production and historic tailings from tailings deposit; risks with respect to completion of all phases of the Cauquenes expansion, the ability of the Company to draw down funds from bank facilities and lines of credit, the availability of and ability of the Company to obtain adequate funding on reasonable terms for expansions and acquisitions, including all phases of the Cauquenes expansion; mine plan estimates; risks posed by fluctuations in exchange rates and interest rates, as well as general economic conditions; risks associated with environmental compliance and changes in environmental legislation and regulation; risks associated with our dependence on third parties for the provision of critical services; risks associated with non-performance by contractual counterparties; title risks; social and political risks
associated with operations in foreign countries; risks of changes in laws affecting our operations or their interpretation, including foreign exchange controls; and risks associated with tax reassessments and legal proceedings. Many of these risks and uncertainties apply not only to the Company and its operations, but also to Codelco and its operations. Codelco’s ongoing mining operations provide a significant portion of the materials the Company processes and its resulting metals production, therefore these risks and uncertainties may also affect their operations and in turn have a material effect on the Company.

Actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements contained in this news release. Such statements are based on a number of assumptions which may prove to be incorrect, including, but not limited to, assumptions about:

• general business and economic conditions;
• interest rates;
• changes in commodity and power prices;
• acts of foreign governments and the outcome of legal proceedings;
• the supply and demand for, deliveries of, and the level and volatility of prices of copper and other commodities and products used in our operations;
• the ongoing supply of material for processing from Codelco’s current mining operations;
• the ability of the Company to profitably extract and process material from the Cauquenes tailings deposit;
• the timing of the receipt of and retention of permits and other regulatory and governmental approvals;
• the availability of and ability of the Company to obtain adequate funding on reasonable terms for expansions and acquisitions, Including all phases of the Cauquenes expansion;
• the ability of the Company to draw down funds from bank facilities and lines of credit;
• our costs of production and our production and productivity levels, as well as those of our competitors;
• changes in credit market conditions and conditions in financial markets generally;
• our ability to procure equipment and operating supplies in sufficient quantities and on a timely basis;
• the availability of qualified employees and contractors for our operations;
• our ability to attract and retain skilled staff;
• the satisfactory negotiation of collective agreements with unionized employees;
• the impact of changes in foreign exchange rates and capital repatriation on our costs and results;
• engineering and construction timetables and capital costs for our expansion projects;
• costs of closure of various operations;
• market competition;
• the accuracy of our preliminary economic assessment (including with respect to size, grade and recoverability) and the geological, operational and price assumptions on which these are based;
• tax benefits and tax rates;
• the outcome of our copper concentrate sales and treatment and refining charge negotiations;
• the resolution of environmental and other proceedings or disputes;
• the future supply of reasonably priced power;
• our ability to obtain, comply with and renew permits and licenses in a timely manner; and
• our ongoing relations with our employees and entities with which we do business.

Future production levels and cost estimates assume there are no adverse mining or other events which significantly affect budgeted production levels.

We caution you that the foregoing list of important factors and assumptions is not exhaustive. Other events or circumstances could cause our actual results to differ materially from those estimated or projected and expressed in, or implied by, our forward-looking statements. Except as required by law, we undertake no obligation to update publicly or otherwise revise any forward-looking statements or the foregoing list of factors, whether as a result of new information or future events or otherwise.

Rob Henderson
Amerigo Resources Ltd.
604-697-6203
email us here


Source: EIN Presswire

Nitrogen Generators

NITROGEN GENERATING SYSTEMS GET THE GREEN LIGHT

WANGARA,, WESTERN AUSTRALIA, October 12, 2018 /EINPresswire.com/ — Whether rolling out food, mining for gold or supplying pharmaceutical applications, companies can save themselves money and avoid the hassle of having to outsource nitrogen supplies in conventional cylinders by switching to gas on tap through a nitrogen generator.

Being at the mercy of the supply chain for nitrogen cannisters, coupled with the worry of externally sourced cylinders running out at a critical time, is a headache that can be cured by the installation of automatic on-site generators, according to Oxair, an Australian specialist in the supply of gas generation equipment to international markets.

Nitrogen is used in multiple applications every day, with organisations often relying on the gas being shipped to them in cylinders, which can prove expensive and logistically challenging for remote locations due to conditions on route and storage space, not to mention the health and safety risks for staff manually moving the cylinders from one place to another.

A nitrogen generator offers a continuous flow of the gas for industrial sectors where its vital such as food packaging and processing to keep items fresher for longer, mines and chemical plants for displacing oxygen to prevent explosions in highly dangerous atmospheres and pharmaceutical production where almost every major drug class contains some nitrogen, even antibiotics and anaesthetics.

Nitrogen generators are also an environmentally friendlier way of delivery by reducing the carbon footprint associated with having cylinders transported from an off-site facility and then the return journey when they are empty.

Ensuring a reliable supply of nitrogen was why one of the world's largest natural gas projects and the largest single resource development in Australia's history, the Chevron-operated Gorgon Project, opted for a nitrogen generator developed by Oxair.

Commissioned by Plant Biosecurity Cooperative Research Centre to produce a nitrogen system for Chevron Australia that would contribute to protecting the conservation values of Barrow Island, an A-Class Nature Reserve off the northwest coast of Western Australia, Oxair delivered a solution for the project’s fumigation of material destined for the island.

Oxair’s nitrogen generators use Pressure Swing Adsorption (PSA) or membrane technology, cost-effective filtration methods for onsite nitrogen production for a wide range of high purity and flow requirements, to be used directly by the end user on demand.

CEO of Oxair, James Newell, said: “Instead of the removal and reliance of shipping and handling conventional cylinders, except as a back-up supply, companies have the opportunity for nitrogen on tap, enabling them to be self-sufficient by generating the gas for years to come.”

Oxair’s designs are focused on meeting exacting customer requirements, reliability, ease of maintenance, safety, and plant self-protection. It is a world leading manufacturer of gas process systems, for shipboard and land-based use to suit any requirement.

For further information on Oxair’s products and services visit: www.oxair.com.au

David Cheeseman
Oxair Gas Systems Pty Ltd
+61 (08) 9303 9305
email us here


Source: EIN Presswire

Granite Creek Gold Changes Name to Granite Creek Copper and Joins the Metallic Group of Companies

STU Property – Yukon, Canada

VANCOUVER, BC, CANADA, October 11, 2018 /EINPresswire.com/ — Granite Creek Gold Ltd. (NEX: GCX.H) (“Granite Creek” or the “Company”) announces that, subject to regulatory approval, the Company will change its name to Granite Creek Copper Ltd. There is no consolidation of stock with the name change, and the Company will continue to trade under the symbol "GCX.H" on the NEX Exchange.

The Company also announces that it has joined the Metallic Group of Companies, a Vancouver-based collaboration of leading precious and base metals exploration companies focused on highly prospective brownfields exploration assets in North America.

As detailed in the announcement on September 14, 2018, Granite Creek has made an application to the TSX Venture Exchange to graduate from the NEX Exchange as a mining issuer through completion of a qualifying property acquisition and concurrent financing.

For the qualifying property transaction, Granite Creek has entered into an agreement to acquire an undivided 100% interest in the 111 square kilometer STU Copper Project located in the Carmacks copper district within Canada’s Yukon Territory. The STU Copper Project is on trend with the high-grade Minto copper mine to the north and directly adjacent to Copper North’s Carmacks Project to the south. Completion of the acquisition is subject to regulatory approval.
The concurrent non-brokered private placement financing now underway will be for gross proceeds of up to $1,800,000 in Granite Creek Copper Ltd. All securities issued pursuant to the financing will be subject to applicable securities laws and the rules and policies of the TSXV. Granite Creek intends to use the net proceeds from the financing to fund exploration and development activities on the STU Copper Project and general corporate purposes. The Company expects to complete the financing concurrently with the completion of the property acquisition.

"This is an exciting period of development for the Granite Creek as we undertake this financing and key acquisition of the STU Copper Project in the high-grade Carmacks copper district. As part of this process, we will be adding to the management and assembling a technical team to lead the Company forward. The change in our corporate identity reflects our core focus of building a leading copper exploration company,” stated Mr. Timothy Johnson, President and CEO of Granite Creek. “We are also pleased to join the Metallic Group of Companies, a collaboration of leading precious and base metal exploration companies, with a common approach to business that utilizes a multi-discipline, systematic approach to exploration to drive new discoveries and deliver growth for the member companies."

About Granite Creek Copper

Granite Creek is a newly-launched copper focused exploration company. The company is acquiring the STU Copper Project located in the Yukon’s high-grade Carmacks copper district adjacent to Capstone Mining’s high-grade Minto Cu-Au-Ag mine and Copper North’s Carmacks Cu-Au-Ag project.

About The Metallic Group of Companies

The Metallic Group is a collaboration of leading precious and base metals exploration companies focused on high-potential, brownfields exploration assets adjacent to high-grade operating mines in proven in North American districts with excellent infrastructure. Focusing exploration in these proven brownfields districts increases the probability of new discoveries and allows for rapid advancement of resources to create value.

Member companies have highly experienced management and technical teams with track records of successful discovery and project development, including capital markets and financing expertise. Metallic Group professional backgrounds include former leadership positions with Barrick Gold, Goldfields, Stillwater Mining and leading explorer/developers NovaGold, Trilogy Metals and Wellgreen Platinum. Company leaders have been credited with the discovery or expansion and advancement of several major deposits in North America and have significant ownership positions in the companies.
The Group and its members are headquartered in Vancouver, BC, Canada, with company stocks currently listed on the Toronto Venture, US OTC, and Frankfurt stock exchanges.

FOR FURTHER INFORMATION PLEASE CONTACT:
Timothy Johnson, President
Telephone: 1 (604) 235-1982
Toll Free: 1 (888) 361-3494
E-mail: info@gcxcopper.com
Website: www.gcxcopper.com
Metallic Group: www.metallicgroup.ca

This news release includes certain forward-looking statements or information. All statements other than statements of historical fact included in this release, including, without limitation, statements relating to completion of the Transaction, the Financing and the timing thereof, the expected use of proceeds from the Financing and completion of the Company's reactivation and graduation to Tier 2 of the TSXV and the timing thereof are forward-looking statements that involve various risks and uncertainties. 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. Important factors that could cause actual results to differ materially from the Company's plans or expectations include the Company's ability to obtain regulatory approval and other risks detailed herein and from time to time in the filings made by the Company with securities regulators. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation.

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.

Chris Ackerman
Metallic Minerals Corp
6046297800
email us here
Visit us on social media:
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Source: EIN Presswire

Uptime Magazine Announces Winners of the 2018 Uptime Awards for the Best Reliability Programs!

Excellence in reliability and asset management acknowledged for best practice organizations.

Uptime Award winners report 500 million dollars of business value added through reliability improvements”

— Terrence O’Hanlon

FORT MYERS, FL, US, October 10, 2018 /EINPresswire.com/ — Uptime®, a magazine serving over 50,000 reliability leaders and asset management professionals, announced the winners of the Uptime Awards for 2018.

Winners will be honored in a special awards ceremony at the 33rd International Maintenance Conference (IMC-2018), an event produced by Reliabilityweb.com®, scheduled December 10-14, 2018 at the beautiful Hyatt Regency Coconut Point in Bonita Springs, Florida. This year’s ceremony will be held on Wednesday, December 12th, during the morning conference assembly.

Uptime magazine’s Uptime Awards recognize organizations that demonstrate excellence in managing asset reliability using advanced strategies and high-tech sensing technologies to determine the early onset of a potential failure. Uptime Award winners report 500 million dollars of business value added through reliability improvements. An emphasis is placed on combining technical excellence with leadership excellence. The 2018 Uptime Awards for Best Reliability and Asset Management Program winners are: 

Best Overall Program – Southern Gardens Citrus
Best Reliability Engineering for Maintenance Program – Central Contra Costa Sanitary District
Best Asset Condition Management Program – LOOP
Best Work Execution Management Program – Stanford Health Care
Best Leadership Program – Saudi Aramco Yambu
Best Asset Management Program – Central Arizona Project
Best Partnership in Reliability – Bristol-Myers Squibb and JLL
Best Lubrication Program – Portland General Electric

To learn more about Uptime Awards Best Reliability and Asset Management program winners and individual presentations, please visit the IMC-2018 website at http://www.imc-2018.com/.

Since 2006, Uptime magazine has honored some of the most outstanding high-performance maintenance teams in the world for the results they produce with the Uptime Awards for the best reliability and asset management program. What began as a simple way to acknowledge special accomplishments has evolved into a valuable reliability improvement exercise as everyone who participates in the Uptime Award evaluation process discovers program benefit and performance improvements.

Nominations for the 2019 Uptime Award’s Best Reliability and Asset Management Programs may be submitted beginning April 2019. Visit www.uptimeawards.com for further information.

About Uptime® Magazine
Uptime, a leading magazine for over 50,000 reliability and asset management professionals, has been in publication since 2005. Uptime is published by Reliabilityweb.com and includes both the print and digital PDF editions. Subscriptions are by request and free to qualified reliability professionals at www.uptimemagazine.com.

Terrence O'Hanlon CMRP, Publisher
Uptime Magazine
239-333-2500 ext. 111 
email us here


Source: EIN Presswire

Nexus Gold Corp – Developing a 15km gold trend in West Africa

Mines in Burkina Faso

Location of Bouboulou Gold Zones

Gold in quartz from Niangouela

Eight drill-tested and confirmed gold zones with significant upside resource potential

Nexus Gold Corp (TSX:NXS)

VANCOUVER, BC, CANADA, October 9, 2018 /EINPresswire.com/ — Vancouver, Canada – October 9, 2018 – Nexus Gold Corp. (“Nexus” or the “Company”) (TSX-V: NXS, OTCQB: NXXGF, FSE: N6E) is pleased to provide a new video that hightlights the Company's recent work at its Bouboulou-Rakounga gold project in Burkia Faso, West Africa.

Please view the video here: https://youtu.be/wh4a2FHcqE0

Nexus Gold is a Canadian-based junior gold exploration and development company operating primarily in West Africa. The company is currently concentrating its efforts on establishing a compliant resource at one or more of it’s three current projects.

The 38-square km Bouboulou project comprises no less than five established gold zones contained within three separate 5km gold trends. The adjacent 250-square km Rakounga gold concession extends the Bouboulou gold trends and currently contains three drill tested zones of mineralization. The Niangouela gold concession is a 178-square km project featuring high-grade gold occurring in and around a primary quartz vein and associated shear zone approximately one km in length.

Recent work includes a 9km soil grid geochemical program which confirmed the presence of a 15km gold trend that reaches across both the Bouboulou and Rakounga properties.

For more information on our projects including details, past and historical results, a 43-101 technical report, management bios, and more, please visit www.nexusgoldcorp.com.

Warren Robb P.Geo., Vice-President, Exploration, is the designated Qualified Person as defined by National Instrument 43-101 and is responsible for the technical information contained in this release.

On behalf of the Board of Directors of

NEXUS GOLD CORP.

Alex Klenman
President & CEO
604-558-1920
info@nexusgoldcorp.com
www.nexusgoldcorp.com

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 statements. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not assume any obligation to update any forward-looking statements, except as required by applicable laws.

Alex Klenman
Nexus Gold Corp
604-558-1919
email us here

Nexus Gold – Bouboulou & Rakounga projects


Source: EIN Presswire

Loc Performance Products Opens Engineering Center in Sterling Heights, MI

STERLING HEIGHTS, MI, USA, October 8, 2018 /EINPresswire.com/ — Fueled by continued strong sales growth, including a recent $475 Million contract award for the Multiple Launch Rocket System Integrated Armor Cab, Loc Performance Products, Inc. (Loc) is opening a new Product Development Engineering Center. This Center, opening this fall, is located in the Defense Corridor Center for Collaboration and Synergy (DC3S). This new location will serve as Loc’s center of excellence for platform level engineering and integration, strategically positioning Loc closer to its customer base within Macomb County, including the U.S. Government and its prime contract customers.

Loc’s Product Development line of business, currently centered in Plymouth, Michigan, has been growing 35% annually over the last decade with an emphasis on driveline, suspension and track systems that Loc manufactures in Plymouth. With Loc’s 2017 acquisition of a large scale fabrication facility in Lansing, Michigan, Loc is making this strategic move with a new Sterling Heights location to grow its engineering capabilities in developing vehicle hull structures, cab structures, armor kits and complete military vehicle systems. The Sterling Heights facility is equipped to allow Loc engineers to perform vehicle integration and checkout of complete military vehicle platforms. Loc is now recruiting talented team members to fill immediate openings in Sterling Heights for Structural and Survivability engineers.

“The Sterling Heights facility provides Loc the access to the right technical talent base that Loc needs to achieve its long term business objectives. Additionally, this move better positions Loc to support emerging U.S. Army modernization initiatives for its ground combat vehicle fleet.” Anthony Militello, Director of Product Development.

Loc is one of Michigan’s premier full-service provider of mobility systems, vehicle hulls, armored cabs and armor kits for military and industrial applications. With proven capabilities in Product Design and Development through production, Loc offers high quality designed solutions with exceptional customer service highly competitive pricing. Learn more at www.locperformance.com.

Media Contact: Brent Williams, BWilliams@locper.com, 248-497-2340
Employment and Related Links: https://locperformance.com

Brent Williams
Loc Performance Inc
734-453-2300
email us here


Source: EIN Presswire

Chimata advancing quickly toward cash flow on 26.3 million t 0.58% Li2O Indicated Resource stockpiled in Zimbabwe

26.3 million tonnes of sand-like Lithium-rich spodumene material stockpiled and ready to be processed.

Phase 2 production for Chimata Gold Corp. (CSE:CAT) (Frankfurt: 8CH) is expected to yield production of ~169,000 tonnes p.a. of 6% Li2O, do the math at US$800/t

It appears this will shake-out in excess of US$300 million over 10 years coming to Chimata after splits and after taxes to the Government at the project level from this one project alone.”

— Mining MarketWatch Journal

NEW YORK, NY, UNITED STATES, October 5, 2018 /EINPresswire.com/ — Chimata Gold Corp. (CSE: CAT) (Frankfurt: 8CH) is a Canadian-based mining company on a pathway to becoming a cash-flow powerhouse in Africa as it advances toward production a Lithium-rich spodumene deposit from the tailings dump of the shuttered Kamativi tin mine in Zimbabwe which operated for several decades (from 1938 to 1994 — back then it was not known Li would become so valuable). Located ~185 km east-south-east of Victoria Falls, the deposit sits at surface as a remarkable tertiary-ground stockpile, hosting a maiden Mineral Resource of 26,320,000 tonnes Indicated at 0.58% Li2O, measuring ~30 m high, 1.5 km long, and 700 m wide, already mined and crushed to the right size, ready to be put through the plant. Quick to production, low capex (to be financed nearly entirely by offtake), with internal estimates showing robust high-margin economics taking shape — the share price of CAT.C is apt to rise dramatically near-term as the reality and magnitude of what the Company possesses becomes better understood by the marketplace.

Chimata is the subject of a Mining MarketWatch Journal review. Full copy of the Mining Journal Review may be viewed at http://miningmarketwatch.net/cat.htm online.

Production will be ramped-up/scaled-in phases, with successive phases leapfrogging off the prior in order to avoid share dilution as the Company makes a name for itself. Starting as early as Q2-2019 Chimata's new Phase 1 Dense Media Separation (DMS) plant could be operational and generating revenue, producing 6% Li2O (a saleable industry standard concentrate which currently fetches over US$800/t), with an anticipated Phase 1 production capacity of ~55,000 tonnes per annum (tpa) of concentrate. The Company is targeting production costs of under US$200/t of concentrate produced, low cost OPEX is estimated due to nature of tailings material. Concentrate will be exported via road and rail. Chimata is able to process material in Phase 1 with just the DMS Plant alone (without flotation) by screening off material at 0.5 mm, as ~50% of the material is >0.5 mm, the balance will be stockpiled for Phase 2. Chimata is currently entertaining offtake term sheet offers – it’s only a question of who they pick now. The capex of Phase 1 for the company to get into production is ~US$10M, of which it is possible to see ~90% covered via limited offtake debt that is paid back through production.
 
Phase 2, with capex of ~US$33M, will see a full-scale 400 tonnes per hour (tph) DMS and flotation plant in operation, and is expected to yield production of ~169,000 tonnes p.a. of 6% Li2O. The PEA is not finished yet, however according to our math it appears this will shake-out in excess of US$300 million over 10 years coming to Chimata after splits and after taxes to the Government at the project level from this one project alone.

Bulk sample underway: On September 18, 2018 Chimata announced that it has commenced a Dense Media Separation Metallurgical Test Work scoping program on a 7.5 tonne bulk sample grading 0.88% Li2O generated from the Kamativi Tailings Lithium Project. The sample were collected from a series of 10 pits excavated from an area within the eastern portion of the historical Tailings Storage Facility. Processing will take place at Mintek Laboratories, Mintek is the national mineral research organisation for South Africa. MinMet Projects (Pty) Ltd. and Cronimet Mining Processing SA (Pty) Ltd. have been appointed as Metallurgical and Mineral Processing consultants to provide advisory services and oversight during the test work program. Results from the program are expected to be finalised by the end of October. The test work program consists of the following stages: 1) Head Feed Classification and Bulk Feed Screening, 2) Cross Flow Classifier Test Work, 3) Pilot Scale DMS Test Work, 4) Magnetic Separation Test Work, and 5) Concentrate Production. Upon success of the test work, Chimata will engage MinMet for the design, engineering and construction of a Phase 1 DMS Plant. The area of the Kamativi deposit that the bulk sample has been taken from is running 0.88% LiO2, which is ~50% higher than the average grade of the deposit. There is ~2 million to 3 million tonnes of that type of higher-grade material in that section which Chimata can run on for a couple of years through the DMS plant alone and reap some quality returns — an ideal starting area for Phase 1.
 
Kamativi Project ownership (60% Chimata/40% the Government): The Kamativi Lithium Project is 60% owned by a privately held Mauritius corporation called the 'Zimbabwe Lithium Company' (ZIM) which has exclusive development rights, Chimata is acquiring 100% of ZIM as a wholly-owned subsidiary, the other 40% of the project is owned by Kamativi Tin Mines (which is a subsidiary of Zimbabwe Mining Development Corporation).

Chimata's coming new share structure: Terms of the ZIM acquisition may be viewed here. Essentially the management group of ZIM is vending into Chimata in exchange for becoming sizeable shareholders of Chimata. The bottom line after all is 100% transacted and accounted for, we calculate the new shares outstanding (and fully diluted) for CAT.C will be ~300M. That figure is expected to see the project into significant sustainable Phase 1 production cash-flow. Near-term CAT.C only needs to raise ~$2 million in equity and be positioned to access ~$10 million of offtake debt that will take the Company to Phase 1 revenue generation.

Full copy of the Mining Journal Review may be viewed at http://miningmarketwatch.net/cat.htm online.
Content herein is for information purposes and is not a solicitation to buy or sell any of the securities mentioned.

James O'Rourke
Mining MarketWatch Journal
8666209945
email us here


Source: EIN Presswire

Holabird's Cornucopia of Collectibles Auction in Reno, October 18-22, will feature over 3,300 lots in many categories

Oil on canvas depiction of California Gold Rush miners by Kerne Erickson, framed (est. $2,000-$4,000).

Sun-colored circa 1890-1900 pumpkinseed whiskey flask, 6.5 inches tall (est. $1,200-$2,000).

Authentic gold-plated badge and handcuffs, fire chief and sheriff, 1910-1918 (est. $1,000-$1,500).

Set of 25 Austrian 100 kroner gold coins dated 1915, uncirculated, each coin 0.98 troy oz. (est. $25,000-$30,000).

Wells Fargo Mining Company (Virginia) stock certificate, one of only a few known, dated 1876 (est. $2,000-$3,000).

Serious collectors need to clear their calendars for the dates October 18th-22nd for Holabird Western Americana Collections’ Cornucopia of Collectibles Auction.

This sale marks the start of an exciting fall and winter season for us. We will be offering a number of fantastic major collections.”

— Fred Holabird

RENO, NV, UNITED STATES, October 4, 2018 /EINPresswire.com/ — Serious collectors need to clear their calendars for the days spanning October 18th through 22nd for Holabird Western Americana Collections’ Cornucopia of Collectibles Auction, a five-day colossus bursting with over 3,300 lots in many collecting categories. The auction will be conducted online and in Holabird’s gallery located at 3555 Airway Drive (Suite 308) in Reno.

Start times all five days will be 8 am Pacific time. For those unable to attend the sale in person, online bidding will be facilitated by iCollector.com, Invaluable.com and eBay Live. “This sale marks the start of an exciting fall and winter season for us,” said Fred Holabird of Holabird Western Americana Collections. “We will be offering a number of fantastic major collections.”

These will include the Ken Prag American stock certificate collection, with categories such as railroads, mining, automobile, airplane, navigation and U.S. business; a medallic arts/Northwest Territorial mint reference ingot collection, with medals, tokens and token dies; the Joe Elcano Nevada history collection; and the Daniel Manassillian collection out of Central Valley, Calif.

Over 150 lots on Day 4 will be dedicated to an astounding array of directories, dating from the second half of the 19th century through the early 20th century and encompassing many states from coast to coast (but especially New York). The volumes are time capsules that collectors can read and enjoy, as well as display. They’ve been exhaustively compiled by several serious collectors.

Day 1, on Thursday, October 18th, will be packed with Native Americana, posters, entertainment industry memorabilia, bronze sculptures, furniture and related items, original art, vintage and antique bottles, saloon collectibles, taxidermy, gaming items, political memorabilia, and 420 lots of bargains and dealer specials of all sorts. In all, 659 lots will come up for bid across the day.

Star lots of the original art and bronze sculptures categories promise to be a gorgeous oil on canvas depiction of California Gold Rush miners by Kerne Erickson, signed lower left and housed in a 34 inch by 46 inch deep gold frame (est. $2,000-$4,000); and a bronze sculpture by Terry Murphy titled Bedded Dall Rams, #3 of 24, dated 1984, 15 inches tall (est. $2,000-$3,000).

Bottles will feature a beautiful sun-colored circa 1890-1900 pumpkinseed whiskey flask, 6 ½ inches tall, embossed with “From Wine House / Cigars & Liquors / Reno, Nev.” (est. $1,200-$2,000). Also offered will be an A.M. Cole (Virginia City, Nev.) Cold Cream pot lid, one of fewer than ten known, embossed and surrounded by a fancy chain border (est. $1,000-$2,000).

Day 2, Friday, October 19th, will showcase badges (26 lots), belt buckles (28 lots), numismatics (334 lots total, to include ingots, coins, currency and scrip, medals, scales and miscellaneous); jewelry (18 lots), tokens (180 lots), dies (67 lots) and minerals 19 lots) – for a total of 678 lots.

A candidate for top lot of Day 2, or maybe the auction overall, is a set of 25 Austrian 100 kroner gold coins dated 1915, uncirculated and each containing 0.98 troy ounces of pure gold. The coins were struck for the modern bullion market a year after the original series ended and are one of the most attractive of all the bullion coins extant. The set is expected to realize $25,000-$30,000.

Other noteworthy Day 2 lots include the authentic gold-plated badge and handcuffs once belonging to Charles McGuigan, who served as fire chief and sheriff (a combined position) of Virginia City, Nevada from 1910-1918, along with his biography (est. $1,000-$1,500); and a unique 5-cent saloon token from the Cyclone Saloon in Fowler, California (est. $200-$500).

Day 3, Saturday, October 20th, will feature mining collectibles (691 lots, geographically sorted) and militaria (59 lots). The day’s top lot is expected to be a set of 12 large original photo albums made expressly for the Ely-McGill Nevada Consolidated Copper Company (circa 1907-1933), containing 1,076 8 inch by 10 inch mostly classic blue sepia tone photos (est. $20,000-$30,000).

Rare and gorgeous mining stock certificates are plentiful and will include the following lots:

• Monitor and Northwestern Silver Mining Company of Milwaukee, with an eye-catching T. Davenport vignette of Monitor Mountain, Monitor Mining District in Alpine County, Calif., certificate #569 for five shares, datelined Milwaukee 1871 (est. $3,000-$5,000).
• Alhambra Mining Company, datelined 1860 Carson City, Utah; certificate #39 in the amount of 45 shares, issued to John Vignot, an early prospector in the area; signed by company secretary Thomas D. Johns and president Cipriano Thurn (est. $2,000-$3,000).
• Wells Fargo Mining Company, Virginia mining district in Storey County, Virginia; one of only a few examples known; certificate #4227 for 50 shares issued to W.G. Crandall, trustee and datelined San Francisco, 1876; signed by two officers (est. $2,000-$3,000).
• Dauphin & Colorado Gold Mining Company, datelined Philadelphia 1865; a rare, early certificate, twice signed, with a low number (34), for 200 shares issued to William W. Wiley; has a great vignette of mining in the high Colorado Rockies (est. $1,500-$3,000).

Day 4, Sunday, October 21st, will feature the aforementioned directories, firearms and weaponry, cowboy collectibles, tools, toys, automotive stocks, checks, Gold Rush items, pens and pencils, spoons, World’s Fair and Exposition memorabilia, locks and keys, and general Americana.`

Day 5, Monday, October 22nd, will have general Americana that’s geographically sorted, foreign items, railroadiana, Wells Fargo & Express collectibles and postal history – 702 lots in total.

Day 5 highlights will include an 1850 Gold Rush-era letter handwritten by a miner who left Illinois to seek his fortune and, as described in the letter, discovered Green Horn Lake (Calif.), that he renamed Lake Tahoe (est. $1,600-$2,000); and a rare Central Pacific Railroad timetable broadside, 1884, showing “From San Francisco & Toward San Francisco” (est. $2,000-$3,000).

In addition to in-person and online bidding, telephone and absentee bids will also be accepted.

Color catalogs are available by calling 1-844-492-2766, or 775-851-1859. Also, anyone owning a collection that might fit into an upcoming Holabird Western Americana Collections auction is encouraged to get in touch. The firm travels extensively throughout the U.S., to see and pick up collections. Last year it visited Boston, Florida, Seattle and New York, among other destinations.

Holabird Western Americana is always seeking quality bottle, advertising, Americana and coin consignments for future auctions. To consign a single piece or a collection, you may call Fred Holabird at 775-851-1859 or 844-492-2766; or, you can e-mail him at fredholabird@gmail.com. To learn more about Holabird Western Americana's Oct. 18th-22nd auction, visit www.fhwac.com.

# # # #

Fred Holabird
Holabird Western Americana, LLC
(775) 851-1859
email us here


Source: EIN Presswire

Asset Tracking Market revealed by Mind Commerce in recent Connected Enterprise Asset Study

Asset Tracking Market

Asset Tracking Market

Asset Tracking Systems

Asset Tracking Adoption by Industry

Total Global Asset tracking Market will reach $27.1 billion by 2023, growing at 14.8% CAGR

SEATTLE, WASHINGTON, UNITED STATES, October 3, 2018 /EINPresswire.com/ — The asset tracking ecosystem is rapidly transforming from the early days of fixed asset monitoring and functional assessment via rudimentary Machine-to-Machine (M2M) technologies. A new environment is developing in which assets may be portable or highly mobile with varying asset sizes, uses cases, and industries.

Advancements in miniaturization and communications have made lower value asset tracking more practical, expanding the range of potential industries, asset types, and use cases. The advent of advanced Internet of Things (IoT) solutions leveraging M2M and other supporting technologies enables anytime, anywhere, any type of asset tracking.

Mind Commerce sees rapid growth particularly in RTLS as well as Blockchain related software and services. Artificial Intelligence (AI) is anticipated to be an integral part of most solutions. Accordingly, the Global Asset Tracking Services Market for AI-driven assets will grow at 40.3% through 2023.

Mind Commerce sees high growth in the following Asset Tracking Solution areas: Asset Condition Monitoring Software, Asset Tracking Software, Blockchain Based Storage and Authentication Software, Communication (Asset to Asset/M2M) Software, Cost and Audit Management Software, Data Storage and Analytics Software, Edge Based Data Processing Software, Enterprise Asset Management Software, Fixed Asset Inventory Management Software, and Procurement Management Software.

The Mind Commerce Asset Tracking Market Report (Asset Tracking Market by Technology (M2M/IoT, Edge Computing, Smart Devices), Connection Type (3G, 4G, 5G, WiFi, and WiMAX), Mobility (Fixed, Portable, and Mobile), Location Determination (GPS, RFID, Others), and Industry Verticals 2018 – 2023), evaluates asset tracking technologies, solutions, and ecosystem including major players. The report assesses the impacts of various use case specific considerations in terms of asset technology and solution selection.

The report also analyzes the market outlook for asset tracking globally, regionally, and by major country in each region. Quantitative data and forecasts include market segmentation by technology, connection type, range of mobility, location requirements, and by industry vertical from 2018 to 2023.

About Mind Commerce

Mind Commerce is an information services company that provides research and strategic analysis focused on the Information and Communications Technology (ICT) industry. Our ICT reports provide key trends, projections, and in-depth analysis for infrastructure, platforms, devices, applications, services, emerging business models and opportunities.

We focus on key emerging and disintermediating technology areas for service providers, technology providers, developers (communications, applications, content, and commerce), systems integrators and consultants, government organizations and NGOs, and the financial community. Visit us at https://mindcommerce.com/

MEDIA: We welcome discussions about our research in support of your news article, blog, or professional industry portal.

Contact us via email at Contact@MindCommerce.com or Call: +1 877 646 3266

Dawn Stokes
Mind Commerce
877-646-3266
email us here
Visit us on social media:

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Learn More about Mind Commerce


Source: EIN Presswire

Pennsylvania Mesothelioma Victims Center Now Offers Oil Refinery or Production Workers with Mesothelioma in Pennsylvania Direct Access to The Nation's Top Lawyers for Better Compensation Results

If you have mesothelioma or asbestos exposure lung cancer in Pennsylvania, please call us anytime at 800-714-0303 for on-the-spot access to some of the nation's most skilled asbestos lawyers.”

— Pennsylvania Mesothelioma Victims Center

NEW YORK, NEW YORK, USA, October 1, 2018 /EINPresswire.com/ — The Pennsylvania Mesothelioma Victims Center says, "Our number one goal for a person Pennsylvania with mesothelioma because of exposure to asbestos at an oil or natural gas field site, an oil refinery, or an oil or gas pipeline is that they receive the very best possible financial compensation. Mesothelioma compensation for these types of people frequently starts at one million dollars and goes up from there, provided the diagnosed person is represented by some of the nation's most skilled and capable mesothelioma attorneys as we would like to discuss anytime at 800-714-0303.

"Additionally, we want an oil/gas field or refinery worker with mesothelioma in Pennsylvania to know that we can also assist them if they have been diagnosed with asbestos exposure lung cancer. The lung cancer asbestos exposure compensation for these types of people might be in the hundreds of thousands of dollars and this is a service we have never offered before. If you have mesothelioma or asbestos exposure lung cancer in Pennsylvania, please call us anytime at 800-714-0303 for on-the-spot access to some of the nation's most skilled asbestos lawyers." http://Pennsylvania.MesotheliomaVictimsCenter.Com

Compensation tip from the Pennsylvania Mesothelioma Victims Center: "Before you hire a lawyer to assist with a mesothelioma or lung cancer asbestos exposure compensation claim in Pennsylvania please call us anytime at 800-714-0303 to make certain you are dealing directly with some of the nation's most experienced lawyers. We would also like the chance to try to explain how the financial compensation process works and what you will need to be successful." http://Pennsylvania.MesotheliomaVictimsCenter.Com

The Pennsylvania Mesothelioma Victims Center wants to emphasize their services for diagnosed victims of mesothelioma are available throughout the state of Pennsylvania including communities such as Philadelphia, Pittsburgh, Allentown, Eire, Upper Darby, Reading, Scranton, or Bethlehem. For additional information, a diagnosed person with mesothelioma or their family members are urged to contact the Pennsylvania Mesothelioma Victims Center anytime at 800-714-0303.

For the best possible treatment options in Pennsylvania we strongly recommend the following two heath care facilities with the offer to help a diagnosed victim, or their family get to the right physicians at each hospital: Penn’s Abramson Cancer Center in Philadelphia: https://www.pennmedicine.org/cancer/about, or the University of Pittsburgh Cancer Institute: http://www.upmccancercenter.com/

High-risk work groups for exposure to asbestos in Pennsylvania include US Navy Veterans, power plant workers, shipyard workers, oil refinery workers, oil production workers, steel mill workers, coal miners, manufacturing workers, plumbers, electricians, auto mechanics, machinists, or construction workers. Typically, the person’s exposure to asbestos occurred in the 1950’s, 1960’s, 1970’s, or 1980’s.

The states indicated with the highest incidence of mesothelioma include Maine, Massachusetts, Maryland, New Jersey, Pennsylvania, Ohio, West Virginia, Virginia, Michigan, Illinois, Minnesota, Louisiana, Washington, and Oregon. http://Pennsylvania.MesotheliomaVictimsCenter.Com

For more information about mesothelioma please refer to the National Institutes of Health’s web site related to this rare form of cancer: https://www.cancer.gov/types/mesothelioma.

Michael Thomas
Pennsylvania Mesothelioma Victims Center
800-714-0303
email us here


Source: EIN Presswire