Maya Gold & Silver Files Amended PEA Report

silver free industry report

Maya Gold & Silver Inc. (TSXV:MYA) announced the filling on SEDAR of an amended Preliminary Economic Assessment (PEA) technical report dated March 16th, 2018, in compliance with National Instrument 43-101 (NI 43-101).

As quoted in the press release:

The amended technical report has been prepared to correct deficiencies, identified by the Autorité des Marchés Financiers (“AMF”) on March 2nd, 2018, in the technical report dated February 22nd, 2018 in relation to paragraph 2.3.3)c) of the National Instrument 43-101.

The amended technical report completes the information relative to the existing reserves versus the mineral resources of the PEA.

A pre-feasibility study with 200 t/d processing rate was prepared in 2014 and the results were announced in the press release of May 22nd2014. The PFS highlighted 573,000 tonnes Proven & Probable reserves at 317.3 g/t Ag for 5,845,000 ounces of silver and was expected to last 6 years.

Out of the mineral reserves identified in 2014, 76,154 tonnes at 381 g/t Ag for 932,902 ounces of silver in the measured and indicated resources have been taken out. The remaining proven & probable reserves are: 493 582 tonnes at 311 g/t for 4,936,797 ounces of silver (resources: 462,589 tonnes at 337g/t for 5,015,118 ounces of silver) and current mineral reserves could sustain 4.8 years at 200 t/d or could sustain 2 years at a milling rate of 500 t/d.

These mineral reserves are included in the mineral resources statement within this PEA 2018 report and the Press Release of February 5th and 22nd 2018, i.e. they are included in the PEA 2018 resources and do not add to it, they are inclusive.

The additional silver mined out up to December 2017 is from historical stopes broken and mineralized materials, which were not taken into account in the mineral resources and reserves of 2014. The company has planned an updated PFS Continue Reading

FinCanna Provides an Update on CTI’s Medical Cannabis Extraction Facility in Coachella, California and Receives OTC Listing

CTI’s Extraction Facility Quickly Advancing Towards Full Commercialization VANCOUVER, British Columbia, March 19, 2018 (GLOBE NEWSWIRE) — FinCanna Capital Corp. (“FinCanna”) (CSE:CALI) (OTCQB:FNNZF) announces that it has received its listing on the OTCQB under the symbol “FNNZF” and provides the following update on the interim medical cannabis extraction facility (“Extraction Facility”) of Cultivation Technologies Inc (“CTI”), FinCanna’s first investment in California.  As announced on January 15, 2018, CTI took over direct operations of its Extraction Facility operating at its site in Coachella, California and CTI has the rights to 100% of the production capacity. CTI is quickly advancing towards commercialization and ramping revenue at the Extraction Facility from which FinCanna is entitled to receive 50% of the profits. This Extraction Facility can currently process an estimated 6,000 pounds of biomass per month translating to approximately 3.7 million grams of raw oil per year. CTI has the ability to add an … Continue reading

Abattis Strengthens Regulatory Services Offerings through Partnership with dicentra

VANCOUVER, British Columbia, March 19, 2018 (GLOBE NEWSWIRE) — Abattis Bioceuticals Corp. (the “Company” or “Abattis“) (CSE:ATT) (OTC:ATTBF) is pleased to announce it has signed a letter of intent (the “LOI“) with dicentra Inc. (“dicentra“) to establish a regulatory services partnership (the “Partnership“) under which dicentra will provide a suite of services to support Abattis’s current and future regulatory and compliance needs. Pursuant to the LOI, Abattis and dicentra have agreed to negotiate in good faith the terms of a definitive agreement respecting the Partnership, which agreement will include representations, warranties and covenants typical for an arrangement of similar nature to the Partnership and will supersede the LOI. With more than 1,000 clients served internationally, over 15,000 projects successfully completed and offices in Canada and the United States, dicentra is a leading consulting firm with 16 years of experience providing regulatory and compliance services. “Bringing dicentra’s experience and expertise to Abattis will … Continue reading

Pivot Pharmaceutials Named to Canadian Securities Exchange’s CSE25 Index

VANCOUVER, March 19, 2018 /CNW/ – Pivot Pharmaceuticals Inc. (CSE: PVOT / OTCQB: PVOTF / FRA: NPAT) (“Pivot” or the “Company”), is pleased to announce that effective March 16th, 2018 the Company has been named to the CSE25 Index, a composite of the 25 largest companies, as measured by market capitalization, listed on the Canadian Securities Exchange. In addition, the Company is also a constituent of the CSE Composite Index. “With an impressive pipeline of bio-cannabis products, a strong intellectual property portfolio of formulation and delivery technologies, and the expected addition of ACMPR licensed Agro-Biotech, we are proud to be recognized as leaders on the Canadian Securities Exchange through our inclusion in the CSE25 Index,” said Dr. Patrick Frankham, Chief Executive Officer of Pivot Pharmaceuticals. “Being among the top 25 performers on the exchange validates our business strategy to become a vertically integrated health and wellness company with a rapidly expanding international presence. With all of the exciting opportunities ahead … Continue reading

Glacier Lake Raises $530,590 in Oversubscribed Private Placement

Glacier Lake Resources Inc. (TSXV:GLI) (“Glacier” or the“Company”) is pleased to announce that it has completed its non-brokered private placement of units (each, a “Unit”) at a price of $0.06 per Unit.  The placement was oversubscribed and on closing the Company issued 8,843,175 Units for gross proceeds of $530,590.50. Each “Unit” consists of one common share of the Company and one common share purchase warrant (each, a “Warrant”).  Each “Warrant” entitles the holder to purchase an additional common share at a price of $0.10 for a period of twenty-four months, subject to accelerated expiry in the event the closing price of the Company’s common shares is $0.25 or higher for ten (10) consecutive trading days. The Company anticipates utilizing the proceeds of the private placement to fund its summer work programs in British Columbia, and for general working capital purposes. In connection with completion of the private placement, the Company has paid finder’s fees … Continue reading

Pershing Gold Announces Expanded Mineralization at Relief Canyon

Pershing Gold Corporation (TSX:PGLC) has announced initial results from its 2018 drilling program at its Relief Canyon mine project. As quoted in the press release: In January 2018, Pershing Gold began a drilling program focusing on resource growth and reserve expansion of the West Step Out Area of its Relief Canyon Mine project (See Figures 1 and 2 below). Initial assay results have been received for six of the eight completed angled-core-holes and include high-grade intervals of 1.764 ounces per ton (“opt”), or 60.4 grams per tonne (“gpt”), of gold (“Au”) over a width of 5.0 feet (1.52 meters) in hole RC18-503, and 0.87 opt, or 29.8 gpt, Au over a width of 3.9 feet (1.19 meters) in hole RC18-506. Highlights are as follows: RC18-500: 20.5 feet (6.25 meters) at 0.05 opt Au (1.61 gpt Au) RC18-501: 53.7 feet (16.4 meters) at 0.04 opt Au (1.31 gpt Au) RC18-502: 33.0 feet … Continue reading

Choom™ and ABcann Announce Strategic Investment and Supply Agreement

VANCOUVER and NAPANEE, ON, March 19, 2018 /CNW/ – Choom™ (CSE: CHOO; OTCQB: CHOOF) (the “Company” or “Choom”) and ABcann Global Corporation (“ABcann”) (TSXV: ABCN, OTCQB: ABCCF) are pleased to announce that the Company has completed a financing of subscription receipts (each, a “Subscription Receipt”) for gross proceeds of $7.0 million including a $4.0 million lead order from ABcann. Strategic Subscription Receipt Financing – $7.0 million Further to Choom’s news release of March 19, 2018, the Company announces that it has completed a strategic private placement of Subscription Receipts concurrent with the execution of a definitive agreement relating to the acquisition of International Tungsten Inc. (“ITI”). In total 11,666,991 Subscription Receipts were issued for gross proceeds of $7.0 million(the “Offering”), including a strategic $4.0 million lead order from ABcann. “ABcann remains committed to becoming a global leader in the cannabis sector. With our strategic investment in Choom, we are signaling a strong move into the recreational market with one of the premium recreation … Continue reading

Choom™ Signs Definitive Amalgamation Agreement to Acquire Late Stage ACMPR Applicant with Affirmation of Readiness Evidence Package Submitted to Health Canada

VANCOUVER, March 19, 2018 /CNW/ – Choom™ (CSE: CHOO; OTCQB: CHOOF) (the “Company” or “Choom”) is pleased to announce that the Company has entered into a definitive amalgamation agreement, effective March 16, 2018 (the “Definitive Agreement”), among itself, its wholly-owned subsidiary, Arbutus Brands Inc. (“Arbutus Brands”), and International Tungsten Inc. (“ITI”). Pursuant to the Definitive Agreement: (i) Arbutus Brands will amalgamate with ITI, with the amalgamated company remaining a wholly-owned subsidiary of the Company operating under the name of Arbutus Brands, and (ii) all of the issued and outstanding securities of ITI will be exchanged for securities of Choom (the “Transaction”). ITI has entered into an agreement to acquire all of the issued and outstanding securities of Specialty Medijuana Products Inc. (“SMP”), an applicant under the Access to Cannabis for Medical Purposes Regulations (the “ACMPR”), that has submitted its Affirmation of Readiness (“AOR”) evidence package to Health Canada and expects to receive a cultivation license from … Continue reading

RavenQuest Signs MOU With Fort McMurray #468 First Nation

VANCOUVER, British Columbia, March 19, 2018 (GLOBE NEWSWIRE) — RavenQuest BioMed Inc. (the “Company” or “RavenQuest”) – (CSE:RQB) (Frankfurt:1IT) is proud to announce that it has signed a Memorandum of Understanding with Fort McMurray #468 First Nation (“FM 468”) to collaborate in the development, operation and financing of a purpose-built facility for the production of cannabis on lands controlled by FM 468. RavenQuest has developed an indigenous-centered, end-to-end solution for cannabis production and sale on sovereign land.  RavenQuest will provide its expertise to deliver the technical know-how, staff resources, and financing opportunities as they relate to the development of the Production Facility, initially sized at 24,000 square feet.  In consideration, RavenQuest will receive a thirty percent (30%) ownership interest in such a facility. The parties intend that the Production Facility will rapidly expand from its initial development to a maximum of 250,000 square feet.  Under such an arrangement RavenQuest will be granted … Continue reading

Global Energy Metals’ Partner Marquee Resources Appoints Paul Sarjeant to Oversee Upcoming Exploration Program at the Werner Lake Cobalt Project

Global Energy Metals Corporation (TSXV:GEMC) is pleased to announce that its partner, Marquee Resources Limited (“Marquee”), has appointed Mr. Paul Sarjeant as General Manager of North American operations. Mr. Sarjeant will be responsible for the implementation of the upcoming exploration program at the Werner Lake Cobalt project (“Werner Lake”) located in Ontario, Canada. Commenting on the appointment, Mr. Charles Thomas, Marquee Managing Director said, “We are pleased to welcome Mr. Sarjeant to the Marquee team. Given the well documented future supply issues for cobalt and recent corporate activities in the sector, we are excited to now embark on the aggressive exploration program at Werner Lake, and are keen to rapidly unlock the significant potential of the deposit and regional surrounds.” This appointment is considered to be of great significance as Marquee begins to bolster its management team ahead of a meaningful exploration program at Werner Lake with the expectation to increase the existing … Continue reading