Guyana Goldstrike Reports Geophysics Survey, Identifies Priority Targets

Marudi Gold Project Digital Elevation Model Map from Airborne Geophysics Survey (13,500 acre / 54 sq. km)

Apparent magnetic susceptibility map of Mazoa Hill, Marudi North occurrences and Toucan Ridge exploration area showing drill hole collars and surface trench location. Magnetic susceptibility highs are shown in purple, red and yellow.

3D inversion of magnetic susceptibility vertical section, north facing, through Mazoa Hill occurrence showing historic drill hole traces (in black). Magnetic susceptibility highs are in yellow and red.

Apparent magnetic susceptibility map of Mazoa Hill, Marudi North occurrences and Toucan Ridge exploration area showing drill hole collars and surface trench location. Magnetic susceptibility highs are shown in purple, red and yellow.

Receives Interpretation Report of Airborne Geophysics Survey,
Identifies Priority Targets to Expand Both the Known Mineral Resources and Discoveries

VANCOUVER, BC, CANADA, February 28, 2019 /EINPresswire.com/ — Guyana Goldstrike Inc. (TSXV:GYA) (FSE:1ZT) announced it has received the report on geophysical interpretation of the airborne magnetic and radiometric surveys on its Marudi Gold Project located in the Guiana Gold Belt, Guyana, South America.

REPORT HIGHLIGHTS

Direct measurement on drill core from previous campaigns correlates strongest magnetic susceptibility from quartzite-metachert, the primary host rock for mineralization

3D magnetic inversion confirms direct spatial association of known Au mineralization at Mazoa Hill and Marudi North with strong magnetic responses

Brownfields targets identified adjacent to and at depth at Mazoa Hill which could add to current mineral resource
Less than 10% of the strike length of the Mazoa Hill magnetic horizon has been drilled, the remaining ~5km strike length is considered underexplored

Magnetic anomalies along Toucan Ridge correlate to anomalous Au from surface trenching and offer additional drill targets
Numerous greenfield targets based on magnetic responses exist, recommended for surface trenching or shallow drilling to upgrade

Mr. Peter Berdusco, President and CEO states, “The geophysics interpretation has greatly advanced our understanding of the controls on gold mineralization on the Marudi Gold Project and identifies priority targets to both expand the known mineral resource and discover new occurrences."

The geophysical survey confirms the direct correlation at large scale of mineralization at Mazoa Hill with a band of strong magnetic susceptibility.

EXPLORATION GOING FORWARD

Three types of geophysical targets have been identified for further investigation: along strike and deeper than the known mineralization (Mazoa Hill and Marudi North), to expand the known mineral resource; under the anomalous Au assay results from trenching in the Toucan Ridge exploration area; and numerous magnetic anomalies of similar character across the Property. The targets near the known mineralization from previous drilling and trenching are ready for the next stage of detailed modelling to optimize logistics and trajectories for drilling, whereas targets farther afield would require trenching or shallow drilling to rank prospective targets.

David Joseph
David Joseph Marketing
+1 604-619-9192
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Source: EIN Presswire

Durango to Begin Immediate IP on the Trove Property Adjoining Osisko at Windfall Lake

Durango is pleased to report that it has hired Dynamic Discovery Geoscience to conduct an IP survey on its wholly owned Trove property at Windfall Lake, Quebec.

Durango Resources Inc. (OTCQB:ATOXF)

VANCOUVER, BRITISH COLUMBIA, CANADA, February 28, 2019 /EINPresswire.com/ — Durango Resources Inc. (TSX.V-DGO) (OTCQB-ATOXF) (Frankfurt – 86A1), (the “Company” or “Durango”) is pleased to report that it has hired Dynamic Discovery Geoscience to conduct an Induced Polarization (“IP”) survey on its wholly owned Trove property at Windfall Lake, Québec.

The Trove property is wholly owned by Durango and the Company is looking to define the current drill targets by conducting IP on approximately 30-line kilometres of the property where gold anomalies in the till occur along the Barry and Rouleau faults. Currently, four (4) drill targets have been delineated on the Trove property and two of these targets are in swampy areas which require winter exploration. The IP survey will begin immediately to fast-track the exploration drill target definition.

The Windfall Lake gold camp has been consolidated recently and has garnished the investment of Kirkland Lake Gold Ltd. (TSX – KL) in both Bonterra Resources and Osisko Mining, due to their continued high-grade gold results. Durango remains poised to make a major discovery on its 11,000 hectares of strategically located claims in the Windfall Lake gold camp.

The technical contents of this release were approved by George Yordanov, P.Geo., an independent Qualified Person as defined by National Instrument 43-101. The property has not yet been the subject of a National Instrument 43-101 report.

About Durango

Durango is a natural resources company engaged in the acquisition and exploration of mineral properties. The Company is positioned for discovery with a 100% interest in a strategically located group of properties totaling over 11,000 hectares in size in the Windfall Lake gold camp in the Abitibi region of Québec, Canada.

For further information on Durango, please refer to its SEDAR profile at www.sedar.com.

Marcy Kiesman, CEO
Telephone: 604.428.2900 or 604.339.2243
Email: durangoresourcesinc@gmail.com
Website: www.durangoresourcesinc.com

Forward-Looking Statements

This document may contain or refer to forward-looking information based on current expectations and the impact on the Company of these events. Forward-looking information is subject to significant risks and uncertainties, including market conditions, as actual results may differ materially from forecasted results. Forward-looking information is provided as of the date hereof and we assume no responsibility to update or revise them to reflect new events or circumstances. For a detailed list of risks and uncertainties relating to Durango, please refer to its prospectus filed on its SEDAR profile at www.sedar.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.

Marcy Kiesman
Durango Resources Inc.
+1 6043392243
email us here
Visit us on social media:
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Source: EIN Presswire

Amerigo Provides Update on Q1-2019 Production

Amerigo Resources Ltd. (TSX:ARG)

VANCOUVER, BRITISH COLUMBIA, CANADA, February 28, 2019 /EINPresswire.com/ — February 28, 2019
N.R. 2019- 5

Amerigo Provides Update on Q1-2019 Production

VANCOUVER, BRITISH COLUMBIA – February 28, 2019/Amerigo Resources Ltd. (TSX: ARG) (“Amerigo” or the “Company”) is providing an update on expected production for the quarter ending March 31, 2019 (“Q1-2019”) from Minera Valle Central ("MVC"), the Company’s 100% owned operation, located near Rancagua, Chile.

On February 25, 2019, MVC received a notification from the Department of Dams, Tailings and Hydraulic Resources of Codelco’s División El Teniente (“DET”) advising of a shutdown of DET’s tailings system during a 144-hour period (6-day period) estimated from March 10 to March 16, 2019 inclusive. DET will be conducting maintenance work in various sections of the entire DET tailings concrete channel during this period. In order to be able to carry out this work, DET will suspend the flow of fresh tailings to MVC’s plant and MVC will be required to suspend production from Cauquenes, as it will not have access to DET’s concrete channel to deposit processed tailings. MVC will require an additional day of suspended operations, for a total estimated suspension of 7 days (the “Maintenance Period”) to restart equipment and normalize processing flow at the MVC plant.

Suspension of production from MVC during the Maintenance Period will further affect Q1-2019 production, which was already estimated to be lower than average as MVC’s mine plan presented lower quality Cauquenes material impacting grade and recoveries during the quarter. Amerigo currently estimates Q1-2019 production of 13.5 million pounds of copper. Amerigo will review with MVC potential changes to the production plan for Q2, Q3 and Q4 of 2019 to determine if the Company’s current annual production guidance of 80.0 to 85.0 million pounds of copper can be maintained or will need to be adjusted downward as a result of foregone production during the Maintenance Period.

About Amerigo and MVC

Amerigo Resources Ltd. is an innovative copper producer with a long-term relationship 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 Statement on 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 Amerigo’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 Amerigo 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 Amerigo’s control, Amerigo 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 speak only as of the date of this news release. 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;
• the expected improvement of flotation recovery efficiency from the Phase Two expansion;
• our estimates of the availability, quantity and grade of tailings (including, but not limited to, the estimated higher grades from the Cauquenes deposit), 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 tolling/production;
• our ability to procure or have access to financing and to comply with loan covenants;
• the probability of DET exercising any of its early exit options under the Master Agreement;
• 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 Capex (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 DET’s current production and historic tailings from tailings deposit; the availability of and ability of the Company to obtain adequate funding on reasonable terms for expansions and acquisitions; 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 MD&A. 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;
• 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

Holabird's March 7-11 Wigwam Auction in Reno, Nevada will be a celebration of the Great Basin Native American heritage

Vivid original acrylic painting by Jerry Whitehead, titled We Are Close, a wonderful example of the artist’s unique style and focus on powwows and powwow dancers (est. $10,000-$12,000).

Stock certificate (in the amount of five shares) for the famous 1876 Centennial Expo (est. $800-$2,000).

Native American baby cradle made by Elmira Copeland, who lives on the Pyramid Lake Indian Reservation in Wadsworth, Nevada, 33 ½ inches long (est. $500-$1,000).

Vintage Navajo turquoise squash blossom necklace, 15 inches long, with all or most of the 68 pieces of turquoise coming from the Sleeping Beauty Mine (est. $1,200-$2,800).

Beautifully crafted Paiute beaded zig-zag basket by Betty Rogers of Schurz, Nevada (est. $300-$500).

The five-day event will be highlighted by the Moe and Mary Royels Great Basin Wigwam Collection, online and at Holabird’s spacious gallery in Reno.

RENO, NV, UNITED STATES, February 26, 2019 /EINPresswire.com/ — A five-day Wigwam Auction – a celebration of the country’s Great Basin Native American heritage, highlighted by the Moe and Mary Royels Great Basin Wigwam Collection – will be held Thursday to Monday, March 7th -11th, by Holabird Western Americana Collections, online and in Holabird’s spacious gallery located at 3555 Airway Drive (Suite #308) in Reno.

Start times all five days will be 8 am PST. A two-day office preview will be held March 5th and 6th, from 9-5 (or by appointment). For those unable to attend the sale in person, online bidding will be facilitated by iCollector.com and Invaluable.com. The items in the Royels’ collections reflect the rich history the state of Nevada enjoys in the unique place known as the Great Basin.

The Wigwam Collection is a fantastic array of Native American collectibles, art and artifacts. A number of items (mainly dresses) were made especially for Mary Royels, plus a few for Moe, by local Paiute friends. The collections include baby baskets, beaded baskets, art depicting early man in the Great Basin by William Moore, stone artifacts, moccasins and stone projectile points.

Two other important collections round out this large Native American offering: a wonderful collection of choice Native American art and a massive collection of vintage Native American postcards, so large it will be spread out over one or two more Holabird auctions (in May and possibly July). In all, the March 7-11 Wigwam Auction will comprise around 3,000 choice lots.

Day 1, on Thursday, March 7th, will feature rare vintage bottles (165 lots); saloon items (9 lots); cowboy collectibles (34 lots); firearms and weaponry (26 lots); gaming collectibles (10 lots); and numismatic items, to include books, checks, coins, dies, ephemera, medals, “so-called” dollars, tokens and more. Over 500 lots – a full auction by itself – will cross the auction block on Day 1.

Day 1 highlights will include a very rare Elko, Nevada Coca-Cola bottle from 1923 (est. $3,000-$3,500); a circa 1880s-1890s Coca-Cola Bottling Company (Santa Maria, Calif.) seltzer bottle, in superb condition (est. $500-$1,000); a blue circa 1890-1900 seltzer bottle from the Reno (Nev.) Brewing Company (est. $500-$1,000); a Montana Exposition Fund token from 1915 (est. $200-$400); and a 1907 Tercentennial of Jamestown (Va.) “so-called dollar” token (est. $300-$600).

Day 2, on Friday. March 8th, will be packed with 550 lots of Americana, to include advertising and apparel, art, books and directories, calendars, the entertainment industry, Gold Rush, postal history, military, political, military, Wells Fargo & Express, silverware, flatware, non-mining stock certificates, toys and World’s Fair. Also sold will be bargains, dealer specials and foreign.

Day 2 highlights will include two historic and valuable Reyes Family land grant plat maps for the first adobe houses in downtown Los Angeles, Calif., from 1888 (est. $4,000-$8,000); a 1773 porcelain French Napoleonic “love letter” box discovered in San Francisco in the 1970s (est. $5,000-$6,000); and a pair of men’s Western-themed gold-in-quartz cufflinks (est. $300-$500).

Other Day 2 feature lots will include an electromechanical early Western Union signal device, for connecting a place of business with a Western Union dispatch center (est. $250-$400); a Meiggs Wharf Company (San Francisco, Calif.) unissued stock certificate from 1874 (est. $300-$800); and a stock certificate (5 shares) for the famous 1876 Centennial Expo (est. $800-$2,000).

Day 3, Saturday, March 9th, will contain Part 1 of the Native Americana, to include artwork, apparel, gloves, moccasins, accessories, jewelry, trade beads, artifacts, pipes, dies and baby baskets – 522 lots in all. Also sold that day will be 52 lots of artwork, for a total of 604 lots.

Day 3 highlights will include a vivid original acrylic painting by Jerry Whitehead, titled We Are Close, a wonderful example of the artist’s unique style and his signature focus on powwows and powwow dancers (est. $10,000-$12,000); and a bronze statue of a Native American on horseback by Charles Humphriss, titled The Warrior (circa 1904), 16 ¼ inches tall (est. $6,500-$9,000).

Other Day 3 top lots will include a lithograph showing two Native Americans riding toward a large and colorful rainbow, titled Along the Rainbow Trail, by the noted artist Earl Bliss (est. $2,200-$3,200); the aforementioned print by William A. Moore, titled Paiute Heritage, signed and a fine expression of Native American art, framed (est. $1,000-$2,000); and a snow owl kachina in a glass case by Kachada Bakabi Wintereagle (Ariz.), dated 1979 (est. $500-$1,000).

Day 4, on Sunday, March 10th, will feature Part 2 of the Native Americana, to include pottery, baskets, dolls, books, photographs, postcards, rugs and weavings, ephemera and collectibles. Also offered will be transportation (244 lots) and railroadiana (184 lots) – 301 total Day 4 lots.

Day 4 highlights will include a large and historic Yokuts woven fish trap, found near the San Joaquin River (Nev.), circa 1920-21 (est. $2,000-$3,000); a beautifully crafted Paiute beaded zig-zag basket by Betty Rogers of Schurz, Nevada (est. $300-$500); an historic conical-shaped burden basket from the early 20th century (est. $2,000-$3,000); and a Railway Express Agency policeman’s badge, shaped as a six-pointed star and possibly a reproduction (est. $100-$250).

Day 5, on Monday, March 11th, will be dedicated to minerals (13 lots) and mining collectibles (578 lots). The mining portion will contain artifacts and assay, books, explosives, maps, mine lighting, signs, spoons, mining stocks, ephemera and collectibles – a dream day for collectors.

Day 5 top lots will include a Standard Signals mining sign, from the districts of Thunder Bay and Rainy River, 13 inches by 20 inches (est. $1,000-$2,000); a Coso Consolidated Mining Company (Calif.) stock certificate from 1937 for 20 shares (est. $1,000-$2,000); a letter sheet for “The Miners’ Ten Commandments”, an example of mining humor (est. $600-$1,200); and a very large silver ingot mold from the Comstock era in Virginia City, Nevada in the 1800s (est. $400-$600).

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 March 7th-11th auction, visit www.fhwac.com.

# # # #

Fred Holabird
Holabird Western Americana Collections
+1 775-851-1859
email us here


Source: EIN Presswire

Azincourt Energy Mobilizes Crew for Drill Program at East Preston Uranium Project, Athabasca Basin, Saskatchewan

Figure 1: VTEM Survey grid – Completed January 2019

Figure 2: 2018 HLEM and Residual Gravity survey interpretation

Figure 3: Project Location & Surrounding Projects – Western Athabasca Basin, Saskatchewan, Canada

Azincourt Energy Corp (TSX:AAZ)

VANCOUVER, BC, CANADA, February 26, 2019 /EINPresswire.com/ — AZINCOURT ENERGY CORP. (“Azincourt” or the “Company”) (TSX.V: AAZ, OTC: AZURF), is pleased to announce that all relevant permits for its proposed uranium drill program at the East Preston Project have been received. Crews have now been mobilized in support of the program, with drilling expected to commence before mid-March.

The 2019 drill program, with 10-15 holes (2000-2500 meters) planned, will test high priority targets within prospective conductor corridors defined by recent airborne geophysical surveys. Targets have been refined and prioritized based on encouraging fieldwork results, including coincident anomalies from ground gravity, airborne and ground EM and magnetics (graphitic conductors and structures), radon, soil, biogeochem, lake sediment, and geological mapping surveys. The program’s primary drill target in the Five Island Lake region is considered to be one of the most prospective geological targets on the property.

“Exploration work to date on the northern portion of the East Preston ground has generated numerous, high-quality, drill targets, and we’re pleased to begin testing these,” said president & CEO, Alex Klenman. “There is no shortage of well-defined drill targets on the northern half. Now that the entire property has identical airborne geophysical survey coverage, we’re hopeful this ground hosts the same type of quality target inventory that the northern portion of the property contains. We’re pleased to get to the next stage of development at East Preston,” continued Mr. Klenman.

VTEM Survey Completed

The Company is also pleased to report that Geotech Ltd recently completed a helicopter-borne Versatile Time-Domain Electromagnetic (VTEM™ Max) and Magnetic survey over the southeastern portion of the East Preston Project. East Preston now has complete survey coverage over the entire project area.

The survey consisted of 498 line-km with 300 m line spacing and 1,000 m tie-line spacing – identical parameters to the previous VTEM™ Max survey, and ties directly into the previous flight lines, oriented NW-SE, perpendicular to the NE-SW trending structural and conductor trends of the basement rocks at East Preston. 100% of the East Preston ground has now been subject to VTEM Max survey. Geotech is currently completing data processing prior to passing to Company consultants for in-depth interpretation. This new survey data will be used to add targets for future exploration drill testing and does not affect the current planned drill campaign.

About East Preston

Azincourt is currently earning towards 70% interest in the 25,000+ hectare East Preston project as part of a joint venture agreement with Skyharbour Resources (TSX.V: SYH), and Clean Commodities Corp (TSX.V: CLE). Extensive regional exploration work at East Preston was completed in 2013-14, including airborne electromagnetic (VTEM), magnetic and radiometric surveys. Three prospective conductive, low magnetic signature corridors have been discovered on the property. The three distinct corridors have a total strike length of over 25 km, each with multiple EM conductor trends identified. Ground prospecting and sampling work completed to date has identified outcrop, soil, biogeochemical and radon anomalies, which are key pathfinder elements for unconformity uranium deposit discovery.
Only one of the corridors has been drill tested to date, successfully intersecting structurally disrupted graphitic metasedimentary rocks and anomalous pathfinder elements (including uranium) at the Swoosh S6 target using a combination of Horizontal Loop EM (HLEM) and gravity as primary targeting tools.

Targets

The targets are basement-hosted unconformity related uranium deposits similar to NexGen’s Arrow deposit and Cameco’s Eagle Point mine. East Preston is near the southern edge of the western Athabasca Basin, where targets are in a near surface environment without Athabasca sandstone cover – therefore they are relatively shallow targets but can have great depth extent when discovered. The project ground is located along a parallel conductive trend between the PLS-Arrow trend and Cameco’s Centennial deposit (Virgin River-Dufferin Lake trend).

Qualified Person

The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43- 101 and reviewed on behalf of the company by Ted O’Connor, P.Geo. a director of Azincourt Energy Corp., as well as a qualified person.

About Azincourt Energy Corp.

Azincourt Energy is a Canadian-based resource company specializing in the strategic acquisition, exploration and development of alternative energy/fuel projects, including uranium, lithium, and other critical clean energy elements. The Company is currently active at its joint venture lithium exploration projects in the Winnipeg River Pegmatite Field, Manitoba, Canada, the East Preston and Patterson Lake North uranium projects in the Athabasca Basin, Saskatchewan, Canada, and the Escalera Group uranium-lithium project located on the Picotani Plateau in southeastern Peru.

ON BEHALF OF THE BOARD OF AZINCOURT ENERGY CORP.

“Alex Klenman”
Alex Klenman, President & CEO

Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This press release includes “forward-looking statements”, including forecasts, estimates, expectations and objectives for future operations that are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of Azincourt. Investors are cautioned that any such statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward-looking statements. Such forward-looking information represents management’s best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially.
For further information please contact:

Alex Klenman, President & CEO
Tel: 604-638-8063
info@azincourtenergy.com

Azincourt Energy Corp.
1430 – 800 West Pender Street
Vancouver, BC V6C 2V6
www.azincourtenergy.com

Alex Klenman
Azincourt Energy
6046388063
email us here
Visit us on social media:
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Azincourt Energy – Uranium Exploration in Athabasca


Source: EIN Presswire

You break it: You fix it

OKLAHOMA CITY, OKLAHOMA, UNITED STATES, February 25, 2019 /EINPresswire.com/ — For Immediate Release Contact: Dewey Bartlett

Oklahoma City, OK: February 25, 2019: State Representative Zack Taylor (R-Seminole) is proposing House Bill 1379, which is a bill that would hold horizontal oil & gas fracking operators responsible for the damage caused by their horizontal frack jobs. The bill will be heard Tuesday, February 26 at 1:30 pm in the House Judiciary Committee.

“Hundreds of Oklahoma vertical wells are being destroyed by massive horizontal frack jobs,” stated the OEPA’s Oklahoma City Attorney and Regulatory Affairs director, Richard Parrish. “At least 47 or these ‘frack hits’ have been documented by the Oklahoma Corporation Commission as causing environmental pollution.”

The Corporation Commission currently holds the owner of the vertical well responsible for the pollution being caused by the horizontal frack jobs performed by others.

The Oklahoma Energy Producers Alliance supports HB 1379 and is calling the legislation the “Art and Yvonne Platt” bill. Art and Yvonne are lifelong Oklahomans whose forefathers participated in the Oklahoma Land run. They have now lost everything they have as a result of a horizontal frack job that destroyed their wells. “I’m 80 years old. We were depending on this lease for our retirement. We’ve spent every cent we had trying to fix the damage the horizontal operator inflicted when they fracked into our well,” Art Platt said. Now Art and Yvonne have been forced to leave Oklahoma and move in with their children in Texas.

OEPA Chairman Dewey Bartlett said, “We applaud Representative Taylor for addressing this issue and hope that this legislation will help bring OIPA-OKOGA to the table to hopefully find common ground on this problem. Horizontal frack events are costing small business oil and gas producers their livelihood and are endangering the Oklahoma environment in the process.”

https://pastebin.com/1FTJpgCe

Dewey Bartlett
Leading Edge Radio Network
+1 682-229-7476
email us here


Source: EIN Presswire

NORTHERN SPHERE CLARIFIES DISCLOSURE PERTAINING TO ITS SCADDING PROPERTY

Northern Sphere Mining Corp. (CSE:NSM)

TORONTO, ONTARIO, CANADA, February 22, 2019 /EINPresswire.com/ — As a result of a review by staff of the Ontario Securities Commission, Northern Sphere Mining Corp. (CSE:NSM, OTC:NSMCF) (“Northern Sphere” or the “Company”) wishes to clarify certain disclosure pertaining to the Scadding Property (“Scadding” or the “Project”).

The Scadding Property discussed herein refers to a number of mineral exploration claims and leases, located northeast of Sudbury, Ontario. The Company wishes to provide a history on the Project in order to provide clarification on all obligations, including cash payments and net smelter royalties (“NSR”).

On May 5, 2009, MPE International Inc. (“MPE”) and Currie Rose Resources Inc. (“Currie Rose”) entered into an option and joint venture agreement (the “MPE-CR Agreement”) which was subsequently assigned by MPE to Trueclaim Exploration Inc. (“Trueclaim”) pursuant to an assignment agreement dated May 5, 2009. Under the terms of the MPE-CR Agreement, MPE (or its assigns) earned a 51% interest in certain mineral exploration leases (“Scadding Leases”) comprising a portion of the current Scadding Property. The Agreement further states that anytime after earning the first 51%, MPE (or its assigns) may earn up to 100% interest in the Scadding Leases subject to a payment to Currie Rose of $2,000,000 and a 3% Net Smelter Return.

In addition to the acquisition of the Scadding Leases, Trueclaim announced staking of wholly owned mineral exploration claims in the Scadding area on September 15, 2009. On October 15, 2009, Trueclaim entered in to an agreement with Pacific North West Capital to acquire a 100% interest in additional mineral exploration claims upon which Trueclaim granted a 1.5% NSR to Pacific North West Capital. On July 7, 2010, Trueclaim entered into an additional option agreement with an individual landowner to acquire a 100% interest in additional mineral exploration claims in the Scadding area subject to a 2.0% NSR. Trueclaim refers to its interest in these mineral exploration claims along with the Scadding Leases discussed above as the “Scadding Property”.

On November 12, 2015, Northern Sphere entered in to a joint venture agreement (the “Trueclaim JV Agreement”) with Trueclaim, pursuant to which Trueclaim granted the Company an 80% interest in Trueclaim’s interest in the Scadding Property (including Trueclaim’s 51% of the Scadding Leases), subject to the obligations and NSR’s committed to by Trueclaim as outlined above.

In September of 2018, the Company acquired the remaining 20% of Trueclaim’s interest in the Trueclaim JV Agreement. Northern Sphere is currently the Operator and manages 100% of the Scadding Property. The Company has an option to earn the remaining 49% interest in the Scadding Leases subject to a payment to Currie Rose of $2,000,000 and a 3% Net Smelter Return and may do so if and when it determines that it can begin commercial production on the Scadding Leases and once it would be most advantageous to do so.

About Northern Sphere
Northern Sphere is a mineral exploration company focused on the acquisition, exploration and development of primarily gold, copper, and silver properties. For further details on Northern Sphere, please refer to our web site (www.northernsphere.com) and Northern Sphere's Canadian regulatory filings on SEDAR at www.sedar.com.

For further information please contact:

Kelly Malcolm Interim CEO and Director
Corporate office Suite 2150, 121 King West, Toronto, Ontario, Canada M5H 3T9
Email kmalcolm@genericgeo.ca

CAUTIONARY STATEMENT: The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This news release contains forward-looking information, which is not comprised of historical facts. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, Northern Sphere’s objectives, goals or future plans, statements regarding exploration results, exploration plans and the timing of a potential resource estimate. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, uncertainties inherent to preparing a resource estimate within expected timeline, capital and operating costs varying significantly from estimates, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects and the other risks involved in the mineral exploration and development industry, and those risks set out in Northern Sphere’s public documents filed on SEDAR. Although Northern Sphere believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this press release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Northern Sphere disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law. We seek safe harbour.

Kelly Malcolm, CEO
Northern Sphere Mining Corp.
+1 6472991153
email us here


Source: EIN Presswire

Steve Wozniak Announced as Guest Speaker for ETAP Global Conference 2019

Apple Computer Co-Founder, an icon in the world of electrical engineering and computer science will speak at ETAP’s premier customer event in Newport Beach, CA

IRVINE, CA, US, February 21, 2019 /EINPresswire.com/ — ETAP announced today that Steve Wozniak will be the featured guest speaker at this year’s ETAP Global Conference.

As a Silicon Valley icon, electrical engineer, computer scientist and philanthropist for more than thirty years, Steve will share his insight into ambitious and pioneering work with Steve Jobs in founding Apple Computer Inc. and how Wozniak’s Apple I and II personal computer shaped the world of the way we use computers today. Steve’s engaging and inspirational story in the field of computer science and electrical engineering resonates with ETAP’s customers and users from across all industries.

Taking place on the 8th-10th of April 2019, in the Marriott Hotel, Newport Beach, California, USA, the ETAP Global User Conference is the company’s premier customer conference.

The event provides a unique opportunity to learn about electrical power system engineering and operation as well as get first hand presentation on new developments at ETAP. Customers wishing to attend the Conference can view the event agenda and register at etap.com/uc19.

PR & Communications
ETAP
+1 949-900-1000
email us here
Visit us on social media:
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Twitter
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Source: EIN Presswire

Amerigo Reports Annual 2018 and Q4-2018 Financial Results

Amerigo Resources Ltd. (TSX:ARG)

VANCOUVER, BRITISH COLUMBIA, CANADA, February 21, 2019 /EINPresswire.com/ — February 21, 2019
N.R. 2019- 4

Amerigo Reports Annual 2018 and Q4-2018 Financial Results

• Cash of $27.8 million generated from operations
• Net income of $10.5 million ($0.06 EPS)
• Record annual copper production of 65 million pounds copper
• Annual cash cost reduced to $1.56 per pound

VANCOUVER, BRITISH COLUMBIA – February 21, 2019/Amerigo Resources Ltd. (TSX: ARG) (“Amerigo” or the “Company”) is pleased to announce financial results for the year 2018. The Company’s 100% owned operation, Minera Valle Central ("MVC") located near Rancagua, Chile met annual copper production guidance of 65.0 million pounds at an annual cash cost of $1.56 per pound (“/lb”). Molybdenum production of 1.9 million pounds was stronger than guidance.

Amerigo’s annual net income was $10.5 million or $0.06 earnings per share (“EPS”). Cash generated from operations was $27.8 million and $27.2 million before and after changes in working capital, respectively. The Company’s cash position at year end was $21.3 million.

“MVC had an outstanding year. They reduced cash cost, increased profits and cash flows, and most importantly completed the installation of the new plant enabling significantly higher copper production. The fundamentals for the copper market remain strong with demand exceeding supply, and I believe that once trade tensions between the United States and China are resolved, the copper price will increase.”, said Rob Henderson, Amerigo’s President and CEO.

In Q4-2018, the Company produced 18.5 million pounds of copper and 0.6 million pounds of molybdenum, at a cash cost of $1.45/lb. Net income in the quarter was $5.1 million ($0.03 EPS). Cash generated from operations was $9.2 million and $7.8 million before and after changes in working capital, respectively.

Amounts in this news release are reported in U.S. dollars except where indicated otherwise.

Amerigo reported stronger annual net income and cash flow

• Net income was $10.5 million (2017: $8.0 million).

• EPS were $0.06 basic and diluted (2017: $0.05 basic and $0.04 diluted).

• Cash flow generated from operations before changes in non-cash working capital was $27.8 million (2017: $26.4 million).

MVC’s average copper price in 2018 was $2.92/lb

• MVC’s copper price was $2.92/lb (2017: $2.83/lb) and MVC’s molybdenum price was $11.84/lb (2017: $8.20/lb).

• Revenue was $136.8 million (2017: $134.0 million), including copper tolling revenue of $118.4 million (2017: $119.5 million) and molybdenum and other revenue of $18.4 million (2017: $14.5 million).

• Copper tolling revenue is calculated from MVC’s gross value of copper produced of $188.6 million (2017: $172.7 million) and fair value adjustments to settlement receivables of ($5.3 million) (2017: $7.1 million), less notional items including DET royalties of $41.1 million (2017: $36.4 million), smelting and refining of $21.5 million (Q3-2017: $21.7 million) and transportation of $2.2 million (2017: $2.2 million).

• MVC’s financial performance is very sensitive to changes in copper prices. MVC’s Q4-2018 provisional copper price was $2.77/lb, and final prices will be the average London Metal Exchange prices for January, February and March 2019. A 10% increase or decrease from the $2.77/lb provisional price used at December 31, 2018 would result in a $4.9 million change in revenue in 2019 in respect of 2018 production.

• Amerigo remains fully leveraged to the price of copper

MVC achieved record production at a cash cost of $1.56/lb

• Annual copper production of 65 million pounds (2017: 62.5 million pounds) included 43.7 million pounds from Cauquenes (2017: 39.3 million pounds) and 21.3 million pounds from fresh tailings in 2018 (2017: 21.8 million pounds). In 2017, 1.5 million pounds of copper were also produced through a tolling agreement with Minera Maricunga that expired that year.

• Molybdenum production was 1.9 million pounds (2017: 1.6 million pounds).

• Cash cost (a non-GAAP measure equal to the aggregate of smelting and refining charges, tolling/production costs net of inventory adjustments and administration costs, net of by-product credits) decreased to $1.56/lb (2017: $1.64/lb).

• Total cost (a non-GAAP measure equal to the aggregate of cash cost, DET notional copper royalties and DET molybdenum royalties of $0.68/lb and depreciation of $0.23/lb) decreased to $2.47/lb (2017: $2.50/lb), due to lower cash cost.

MVC’s Phase Two Project met the banks’ completion test in December 2018

• MVC’s new rougher flotation cells started to produce concentrates on August 20, 2018 and the new cleaner flotation circuit came on-line on October 12, 2018. Installation of a regrind mill, originally part of the Phase Two expansion, is estimated to be completed in June 2019.

• The 60-day production test required under the Cauquenes expansion finance loan was completed on December 21, 2018. MVC is now ramping up to full capacity and the project’s $1.5 million concentrate regrind mill is expected to be installed in June 2019.

• The Phase Two capital expenditure (“Capex”) is estimated at $39.9 million -including the regrind mill-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, and additional equipment installed during commissioning. Remaining Phase Two Capex payments of $3.1 million will be made in 2019.

• MVC also expanded its molybdenum plant in order to process the additional molybdenum available from the Cauquenes expansion. The molybdenum plant expansion had a cost of approximately $7.8 million and was financed through a 5-year capital lease agreement.

• In 2019, the Company expects to produce 80 to 85 million pounds of copper at a cash cost of $1.30 to $1.45/lb, and production of 2.5 million pounds of molybdenum. In Q1-2019, production will be lower than average and cash cost will be higher than average as MVC’s mine plan extracts lower quality material from Cauquenes, further affected by a longer than expected annual maintenance shutdown.

• In 2019, MVC expects to incur $5.8 million in sustaining Capex.

Cash balance at year end was $21.3 million, debt repayments in 2018 were $19.7 million

• At December 31, 2018, the Company’s cash balance was $21.3 million.

• The Company had a $16.9 million working capital deficiency, caused by $22.5 million in scheduled bank debt repayments in the following twelve months.

• Amerigo does not consider that its working capital deficiency constitutes a significant liquidity risk, as it anticipates generating operating cash flow to meet current liabilities as they come due, assuming copper prices remain at levels above $2.70/lb.

• Borrowings at year end were $66.2 million. In 2018 MVC received debt proceeds of $23.3 million which were used in the Cauquenes Phase Two Expansion. MVC also made debt repayments of $19.7 million on the Phase One expansion loan and on a loan with Codelco’s Division El Teniente which was fully repaid in the year.

Investor Conference Call on February 22, 2019

Amerigo’s quarterly investor conference call will take place on Friday February 22, 2019 at 11:00 am Pacific Standard Time/2:00 pm Eastern Standard Time.

To join the call, please dial 1-800-273-9672 (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 relationship 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.

The information and data contained in this news release should be read in conjunction with the Company’s Audited Consolidated Financial Statements and Management’s Discussion and Analysis (“MD&A) for the years ended December 31, 2018 and 2017, available at the Company’s website at www.amerigoresources.com and at www.sedar.com.

2018 and 2017 Annual Key Performance Metrics

1 Copper production conducted under a tolling agreement with DET.
2 Revenue reported net of notional items (smelting and refining charges, DET notional copper royalties and transportation costs).
3 Operating cash flow before changes in non-cash working capital.
4 At December 31, 2018 includes short and long-term portions of $23.5 and $42.7 million, respectively.
5 MVC’s copper price is the average notional copper price for the period, before smelting and refining, DET notional copper royalties, transportation costs and settlement adjustments to prior period sales.
6 MVC’s molybdenum price is the average realized molybdenum price in the period, before roasting charges and settlement adjustments to prior period sales


Cautionary Statement on 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 Amerigo’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 Amerigo 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 Amerigo’s control, Amerigo 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 speak only as of the date of this news release. 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;
• the expected improvement of flotation recovery efficiency from the Phase Two expansion;
• our estimates of the availability, quantity and grade of tailings (including, but not limited to, the estimated higher grades from the Cauquenes deposit), 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 tolling/production;
• our ability to procure or have access to financing and to comply with loan covenants;
• the probability of DET exercising any of its early exit options under the Master Agreement;
• 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 Capex (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 DET’s current production and historic tailings from tailings deposit; the availability of and ability of the Company to obtain adequate funding on reasonable terms for expansions and acquisitions; 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 MD&A. 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;
• 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

Transmin Launches Cancha Geometallurgical Software

Cancha geometallurgy software empowers geologists and metallurgists to develop, analyse and report geometallurgical models

LIMA, LIMA, PERU, February 20, 2019 /EINPresswire.com/ — Transmin Metallurgical Consultants (Transmin) announced today that Cancha geometallurgy software is now available for licensing.

Cancha is the only integrated solution for geometallurgical sample selection, result interpretation, prediction modelling and reporting.

Transmin’s Chief Metallurgist, Adam Johnston, recognised the lack of process, standards and tools for geometallurgical development while working on mining projects and operations in Australia, Africa, Asia, Canada and South America over the last 25 years.

“We have seen first-hand that there is an abyss between what geometallurgical teams want to achieve, and what they are able to with the tools and time available to them. To bridge the gap we developed Cancha geometallurgy software that gave structure, while integrating tools and automating activities, allowing us to focus on value-adding analysis. We are now achieving a better quality result in less than 10% of the time.”

Cancha can be licensed using a simple and accessible annual license fee.

The software itself was programmed by a dedicated team of expert graphics and artificial intelligence programmers, so excellent performance is achieved on basic laptop computers. The data scientists developed the mathematics and model generation algorithms using the latest data science techniques.

Details on Cancha’s innovative features, along with Cancha training can be found on the website, www.cancha.pe. Additionally, Transmin includes examples, documentation and instructional videos, with each license.

Cancha will be on show at the SME Smart Mining Conference in Denver, USA, from February 24th to 27th, 2019.

About Transmin

Transmin Metallurgical Consultants offer professional metallurgical services to the mining and mineral exploration industries. Our metallurgists have years of proven experience in operations and consulting in Peru and around the world. For more information, visit www.transmin.com.

© 2019 Transmin MC E.I.R.L.. All rights reserved. Transmin, Cancha, the Transmin logo and the Cancha logo are registered trademarks Transmin MC E.I.R.L. in the United States and/or other countries. All other trademarks are the property of their respective owners.

Adam Johnston
Transmin Metallurgical Consultants
+51 1 4414554
email us here
Visit us on social media:
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Source: EIN Presswire