| To: TheSlowLane who wrote (4672) | 1/17/2013 8:26:40 AM | | From: DrBill | | | | News Release
January 17, 2013
Aurcana Reports Fourth Quarter and 2012 Year to Date Production Results
Vancouver, BC, January 17, 2013- Aurcana Corporation ("Aurcana" or the "Company") (TSXV: AUN, OTCQX: AUNFF) is pleased to report the Q4 2012 and 2012 year to date production results.
Mr. Lenic Rodriguez, Aurcana's President & CEO, states: "We are very pleased to report record year to date silver equivalent production of 2.5 million ounces, up 42% from 2011, at La Negra. The increase in production is expected to continue in 2013 with an expansion in the mill capacity at La Negra and production ramp up at the Shafter mine in Texas. Aurcana is making good progress in its pursuit to become a senior silver producer."
FOURTH QUARTER and YEAR to DATE 2012 PRODUCTION HIGHLIGHTS - Total production of silver ounces equivalent for Q4 2012 was 624,810, up 34% from Q4 2011. The 2012 year to date production of silver ounces equivalent was 2,539,008, up 42% from 2011.
- Total production of silver ounces for Q4 2012 was 336,956, up 27% from Q4 2011. The 2012 year to date production of silver ounces was 1,388,664, up 38% from 2011.
- Ore milled in Q4 2012 was 187,255 tonnes, up 49% from Q4 2011 and 691,260 tonnes year to date, up 37% from 2011.
- The 2012 year to date average grade of silver is up 2% to 78 g/t from 2011.
- The 2012 year to date average grades of zinc, copper and lead is up 6%, 3% and 14% respectively from 2011.
- Production figures originate from La Negra mine.
La Negra and Shafter Mine Updates - In order to allow for an increase in future production, La Negra mine is increasing mill capacity to 3,000 tpd. The mill upgrade is expected to be completed by end of Q1 2013. As a result, a gradual increase in production is expected during 2013.
- On December 14 2012, the Shafter mine in Texas started commercial production. The mine is now in the ramp up phase.
- The Shafter Mine currently employs 162 personnel allowing for a continuous operation.
- As part of the ramp up plan at Shafter, the installation of additional filter presses will be completed in Q2 2013.
- Initial production results from the Shafter mine are expected to be included in Aurcana's Q1 2013 financial results.
About Aurcana Corporation
Arcana Corporation is an emerging senior silver producer with two operating mines located in Mexico and Texas, United States.
La Negra Mine, Mexico, current installed capacity is 2,500tpd. In order to allow for an increase in future production, La Negra mine is now working to increase mill capacity to 3,000 tpd by the end of Q1, 2013.
La Negra has a NI 43-101 M&I resource of 115.1 million (mm) oz silver, 1,418.7 mm lbs zinc, 539.5 mm lbs lead and 269.5 mm lbs copper and an Inferred Resource of 56.5 mm oz silver, 657.4 mm lbs zinc, 263.0 mm lbs. lead and 132.3 mm lbs copper.
Commissioning and mill testing of the Shafter Mine in Texas commenced on April 1, 2012 and commencement of commercial production was achieved in December 2012. The Shafter Silver Mine, according to the data from the published feasibility study, is expected to produce 3.8 million ounces of silver over 12 months once ramp up to its 1,500tpd capacity is completed.
Shafter has a NI 43-101 M&I Resource of 23.9 mm oz of silver and an Inferred Resource of 22.8 mm oz of silver. (All National Instrument 43-101 technical reserve reports can be found on SEDAR at: www.sedar.com) Aurcana continues to focus on its future growth
Corporate
The Company's shares are also traded in the United States on OTCQX under the symbol "AUNFF". Investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on www.otcqx.com and www.otcmarkets.com.
ON BEHALF OF THE BOARD OF DIRECTORS OF
AURCANA CORPORATION
"Lenic Rodriguez", President & CEO
For further information contact:
Lenic Rodriguez, President and CEO
Catalin Chiloflischi, Corporate Communications Director
Phone: (604) 331-9333
Toll Free: (866) 532-9333
Fax: (604) 633-9179
Email: ir@aurcana.com
www.aurcana.com
Gary Lindsey
StrataStar Group
720-273-6224
gary@strata-star.com |
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| To: DrBill who wrote (4675) | 1/17/2013 8:43:42 AM | | From: TheSlowLane | | | | | Yup, saw that thanks. The fact that they are going into production in the US may be an added attraction if there is going to be a bull market in precious metals. |
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| From: PaperPerson | 2/13/2013 4:03:07 PM | | | | | | | In the emerging cannabis industry, my | current favorite is XCHC (36 mm shs, 13-15 cents per share).
This is a highly volatile stock field dominated by penny stocks such as MJNA, which I sold. This one is more of a microcap than a penny, in that it has only 36 million shares. It was a shell taken over in December by some excecutives from CBIS, which is a penny stock but had been gradually putting together a couple of interesting deals.
The stock is running on news it acquired a 25 percent stake in a jv with an indian tribe in Canada to produce cannabis and run medical clinics up there.
The chart shows it breaking out above its 200-day moving average, and that the on-balance-volume, which i watch as a sign of accumulation or distribution, looks very strong.
stockcharts.com
XCHC risks: zero cash, feds conceivably could kill the deal.
but I think this latest announcement should have some investors writing checks.
http://www.reuters.com/article/2013/02/13/tx-xchc-wolastokwik-idUSnPnLA59568+160+PRN20130213
DALLAS, Feb. 13, 2013 /PRNewswire/ -- The X-Change Corporation (NASDAQ OTC:
XCHC) (X-Change Corp. or the Company), a U.S. boutique company whose niche is
cannabis and hemp based extracts and products that target medical cannabis,
cosmeceutical, nutraceutical, and social usage solutions through multiple
Phytiva Brand product lines and solutions, is proud to announce it has entered
into a historic agreement with WOLASTOKWIK NeGoot-Gook, Maliseet Nation at
Tobique (the "Maliseet Nation") of New Brunswick, Canada, to participate in the
development and growth of a legal cannabis growing facility, clinical
laboratory, manufacturing and production facility, and treatment center (the
"Agreement").
The Agreement allows for legal cannabis and hemp-based medical research and
treatments with true global significance, as the operations under the Agreement
facilitate medical cannabis and hemp research, clinical trials, and treatments,
among numerous other opportunities for the parties to the Agreement, for the
first time in North America. And these historical groundbreaking operations,
including medical treatments, will be open to the citizens of the world in a
legal manner. The sovereignty of the Maliseet Nation allows this venture to
accomplish its goals of helping patients while being legally compliant.
The Agreement was effectuated by the Company's purchase of the twenty-five
percent (25%) stake in a joint venture from Cannabis Science, Inc. (NASDAQ OTC:
CBIS). Details of the Company's stock-based asset purchase will be released in a
Form 8K to be filed promptly.
etc
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| To: PaperPerson who wrote (4677) | 2/13/2013 5:39:51 PM | | From: PaperPerson | | | | Original CBIS deal now in hands of XCHC.
Item 1.01 Entry into a Material Definitive Agreement
On September 10, 2012, Cannabis Science, Inc. entered into a 25-year renewable Joint Venture Operating Agreement with Wolastokwik NeGoot-Gook (Maliseet Nation at Tobique, “WNGM”), and George Kattar to establish production operations, a clinical laboratory, integrated database system, a medicine production facility, and treatment center. Cannabis Science entered this Agreement on a non-exclusive basis and all other parties on an exclusive basis.
Under the Agreement, WNGM will share in 50%, Cannabis Science will share in 25%, and Kattar will share in 25% of net operating profits of the Joint Venture. Pursuant to the Agreement Cannabis Science will issue 1 million Rule 144 restricted common shares to WNGM and Kattar.
WNGM will provide land, building lumber, electricity, herbals, therapeutic formulations and other products and services as mutually agreed.
Cannabis Science will provide medical cannabis extract formulations, delivery methods, products, and techniques, including future products or processes and other products or services as mutually agreed.
Kattar will provide business and government contacts, marketing and distribution channels, and other products and services as mutually agreed.
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| From: PamplonaTrader | 2/14/2013 4:55:29 PM | | | | | | Anyone here follow European Uranium (EUU.V)? Was in near cash value at 18-20c. Added several times in the 28-36 range for an acb of 32c. Looks like this baby is just gonna keep running. MACD about to cross signal.
Also, look out for NexGen Energy Ltd reverse merger with Clermont Capital. NexGen has a nice deposit in the Athabasca along trend with Rough Rider and adjacent to FIS J-zone.
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| To: PamplonaTrader who wrote (4681) | 2/25/2013 5:49:05 PM | | From: PamplonaTrader | | | | marketwire.com
Clermont Capital Inc.
TSX VENTURE : XYZ.P
|
February 21, 2013 08:00 ET
Clermont Capital Announces Additional Financing For Its Qualifying Transaction and Special Meeting Date
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 21, 2013) -
Not for Distribution to United States Newswire Services or for Dissemination in the United States.
Clermont Capital Inc. (TSX VENTURE:XYZ.P) ("Clermont") is pleased to announce that further to its news release dated January 3, 2013 regarding its acquisition (the "Acquisition") of NexGen Energy Ltd. ("NexGen"), the Clermont special meeting of shareholders (the "Special Meeting") will be held on March 14, 2013, at which time the Clermont shareholders will be asked to approve a consolidation of Clermont's common shares on a 2.35 for one basis and a corporate name change to "NexGen Energy Ltd." or such other name as NexGen, Clermont and the appropriate regulatory authority may approve. Shareholders will also be asked to approve an increase to the number of directors from four to seven, and the election of 3 NexGen nominees to fill the resulting vacancies. An information circular for the Special Meeting has been mailed to shareholders and filed on SEDAR. The amalgamation will constitute Clermont's qualifying transaction for the purposes of TSXV policy 2.4.
In connection with the Acquisition, NexGen has engaged Secutor Capital Management Corporation and Marquest Capital Markets to complete an additional brokered private placement (the "Financing") consisting of "flow-through shares" of NexGen at a price of $0.425 per flow-through share, and units ("Units") at a price of $0.40 per Unit. Each Unit consists of one NexGen common share and one-half of one common share purchase warrant of NexGen entitling the holder thereof to purchase a NexGen common share at a price of $0.60 per NexGen common share for a period of two years following closing of the Financing. The Financing is in addition to the two prior financings conducted by NexGen in December 2012, pursuant to which NexGen raised approximately $3,085,000 in both flow through shares and subscription receipts, which shall automatically convert into non-flow through units, upon completion of the Acquisition.
NexGen Energy owns a portfolio of prospective uranium exploration assets in the Athabasca Basin in Saskatchewan including Rook 1, which lies immediately adjacent to the northeast of Alpha Minerals' and joint venture partner Fission Energy's Patterson Lake project. Alpha Minerals announced on Tuesday February 19th, 2013, that it had encountered 57.5m of high-grade uranium in hole PLS 13-038 located 385 meters east of the original discovery area. Interpretation of north east trending EM conductors on Rook 1 suggest that the same mineralized structures run northeast and onto NexGen's Rook 1 project. However, this may not be indicative of mineralization on Rook 1. Please see figure 1.
Clermont has received notice from the TSX Venture Exchange (the "Exchange") that the Technical Report on the Radio Property, S-113997, Saskatchewan, Canada, by J.A. McNutt, P.Geo., effective date September 25, 2012 has met Tier 2 ILR Requirements and is in compliance with National Instrument 43-101 Standards For Disclosure for Minerals Projects. The Radio Property is Clermont's qualifying property for purposes of the qualifying transaction.
Completion of the Acquisition is still subject to a number of conditions, including completion of the share consolidation, Exchange acceptance and approval of NexGen shareholders. The Acquisition cannot be completed until the required regulatory and shareholder approvals are obtained. There can be no assurance that the Acquisition will be completed as proposed or at all.
Investors are cautioned that, except as disclosed in the information circular of Clermont prepared in connection with the Special Meeting, any information released or received with respect to the Acquisition may not be accurate or complete and should not be relied upon. Trading in the securities of Clermont should be considered highly speculative.
The Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this news release.
The trading of the Clermont common shares will remain halted pending further filings with the Exchange.
About NexGen
NexGen is a private British Columbia corporation established by Tigers Realm Group, an Australian-based, privately-owned resources group, as a special purpose Canadian uranium exploration company. It has an option to earn an initial 70% interest in the Radio Project in the Athabasca Basin, Saskatchewan, Canada, and the option to subsequently acquire the remaining 30%, in exchange for a combination of cash and common shares of NexGen. On December 18, 2012 NexGen acquired the uranium exploration projects of Mega Uranium Ltd. in the Athabasca Basin, Saskatchewan and Thelon Basin, Nunavut, Canada. Senior Management includes Leigh Curyer, CEO, and Andrew Browne, Vice President - Exploration and Development. |
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| From: PaperPerson | 3/12/2013 10:34:30 PM | | | | | | Copper miners lead FTSE 100 higher despite poor UK manufacturing
Antofagasta gains after higher than expected payout to shareholders.
As leading shares edged to a new five year high, copper miners Antofagasta and Kazakhmys helped build up much of the market's gains.
Antofagasta added 34p to £11.29 after higher profits and a bigger than
The Chilean company said full year profits rose 5% to $3.83bn. More crucially, it unveiled a dividend of 98.5¢ a share -
more than double last year's figure - including a special payment of 77.5¢.
But the company announced a $500m impairment charge on its main growth project, the $1.7bn Antucoya copper mine, with analysts saying this could mean an eventual cancellation. In a hold note, Numis said:
[It] remains a quality company but with Antucoya pushed back we see limited growth and expect it trade side
ways
In fact the copper price moved higher on hopes of buying from China, now the metal is cheaper. |
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