Talon Metals Announces Results of Initial PEA and Follow-Up Exploration Plans at the Tamarack High Grade Nickel-Copper-Cobalt Project

Road Town, Tortola, British Virgin Islands–(Newsfile Corp. – November 12, 2018) – Talon Metals Corp. (TSX: TLO) (“Talon” or the “Company”) is pleased to announce that it has completed an initial Preliminary Economic Assessment (the Initial PEA“) over a subset of the mineral resource estimate within the Tamarack Zone (located at the Tamarack North Project, Minnesota, USA). The Company is also pleased to announce its plan to follow-up on nearby high-grade Ni-Cu-Co intercepts to determine the extent of mineralization that appears open in all directions. Talon currently has the right to acquire up to a 60% interest in the Tamarack Project on the satisfaction of certain terms and conditions.

We completed the Initial PEA as a basis for negotiating a right to acquire up to a 60% interest in the Tamarack Project, said Henri van Rooyen, CEO of Talon. High nickel grades, excellent metallurgical recoveries, exploration potential and good infrastructure are synonymous with the Tamarack North Project. In a world of ever decreasing nickel grades and deeper nickel mines, the Tamarack North Project Initial PEA demonstrates robust economics with pessimistic ($6.75/lb Ni), base case ($8/lb Ni) and incentive pricing ($9.50/lb Ni) after-tax Internal Rates of Return (“IRR”) of 28%, 39% and 48%, respectively.[1] We have also used this opportunity to conceptualize and model the adoption of Best Available Technologies to protect the environment and minimize any potential future mine footprint and impact. Furthermore, we have started a metallurgical test program to simplify the Initial PEA flowsheet with the additional objective of including the remaining mineral resource estimate in the next iteration of the mine plan. Most of all, we are excited about the potential for expanding the Massive Sulphide Unit (“MSU”) as outlined by Dr. Etienne Dinel below.”

Given these positive results, combined with the immediate exploration potential, we see tremendous value in our recently announced deal with Kennecott, a subsidiary of the Rio Tinto Group, whereby we negotiated the right to take over operatorship and increase our ownership position in the project to a majority stake,” said Sean Werger, President of Talon.

Dr. Etienne Dinel, VP Geology for Talon said the following: In working closely with Kennecott over the last four years, we have refined an effective combination of geological and geophysical methods, both surface and downhole, that have successfully been used to substantially increase the MSU resource at the Tamarack Project. These methods will be repeated outside of the Tamarack Zone to effectively design drill hole targets for intercepting MSU, which, if successful, will have a profound impact on any future mine plan. As is shown on the map in Figure 1 below:

  1. A high conductance Downhole Electromagnetic (“DHEM”) Maxwell plate at 587 m from surface, below the 138 Zone will be followed up to determine if a 300 m western flank of MSU exists to the west of the mineral resource estimate. This plate is supported by an MSU vein directly below, intercepted by drill hole 12TK0160 from 587.2 m to 597.4 m, grading 2.05% Ni, 3.10% Cu, 350 ppm Co, 0.66 g/t Pt, 0.43 g/t Pd and 0.29 g/t Au (Refer to Annex A and B);
  1. An approximately 340 m (1,115 ft) gap in MSU between two MSU intercepts from drill hole 08TK0062 and drill hole 08TK0068 (Refer to Annex A and B) remains to be drilled following the modelling of a DHEM conductor;
  1. At the Tamarack Zone and the 138 Zone, massive sulphide settling occurred along the Fine Grained Orthocumulate Olivine (“FGO”) keel that resembles the hull of a boat where massive sulphide settling may have occurred. We have approximately 1 km (0.6 miles) of the keel with two areas that display a similar widening of the keel (modelled from gravity and magnetic surveys as well as contouring using drill holes) where massive sulphide settling may have occurred. Drill hole 12TK0164 located approximately 900 m (2,950 ft) to the south of the 138 Zone intercepted MSU grading 3.67% Ni, 1.97% Cu, 814 ppm Co, 0.12 g/t Pt, 0.11 g/t Pd and 0.10 g/t Au from 473.43 m to 476.32 m in the flank of the FGO keel (Refer to Annex A and B);
  1. We have surface EM supported by drill intercepts of high grade Ni-Cu-Co mineralization over an 78,000 m2 (19 acre) area to the northeast of the Tamarack Zone between 90 m (295 feet) and 195 m (640 feet) from surface.

Figure 1 below illustrates the areas initially targeted for further exploration:

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Figure 1: Plan view of the Tamarack and 138 Zones as well as the 164 Zone
and the CGO Bend
targeted for further exploration

“Massive sulphides and mixed massive sulphides (“MMS”) have been intercepted in 95 drill holes over a distance of 8 km (5 miles), with the most northern drill hole in the 480 Zone (Tamarack North Project) and the most southern drill hole in the Neck (Tamarack South Project)refer to Figure 2 below. We plan to test surface geophysical techniques with deep penetration potential to evaluate the exploration potential outside of the Tamarack, 138 and 164 Zones as well as the CGO Bend.”

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Figure 2: Long Section (Looking West) of the Tamarack Intrusive Complex showing MSU and MMS intercepts as well as the approximate location of the Tamarack North resource estimate: Effective February 15, 2018, which is the first of nine initial exploration targets

“As the Initial PEA mine plan was developed using conservative long-term commodity prices[2] and metallurgical projections to calculate the Net Smelter Return (“NSR) cut-off, most of the inferred mineral resource estimate tonnage in the Semi-Massive Sulphide Unit (“SMSU”) and all of the tonnage in the 138 Zone have been excluded from this Initial PEA mine plan (refer to Figure 3 below). These conservative metallurgical projections were due to insufficient metallurgical data in the low-to-medium head grade range encountered in the inferred mineral resource. We have since commissioned a metallurgical test program to simplify the flowsheet and reagent regime and to evaluate samples from the inferred mineral resource. The simplified flowsheet will help to reduce the capital and operating costs for a given plant throughput and maximize the recovery of all sulphide minerals to minimize environmental liabilities. The objective of this metallurgical test program is to include most of the mineral resource estimate in the next iteration of the mine plan,” said Oliver Peters, Talon Metallurgist and President of MetPro Management Inc. who started work on the Tamarack Project in 2016.

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Figure 3: Long section (looking west) of the Initial PEA conceptual mine plan development
and stopes in relation to the
wireframes for resource domains

By potentially adding the portion of the mineral resource estimate that is currently excluded from the Initial PEA mine plan, we hope to increase the production rate, mine life and consequently the Net Present Value (“NPV”) of the Tamarack Project,” said Vince Conte, CFO of Talon. “This work, if successful, will result in the publishing of an updated PEA.”

Mineral Resource

On March 26, 2018, Talon published a technical report (the “March 2018 Technical Report”) that provided an updated independent mineral resource estimate (effective date of February 15, 2018), which was used as the basis of the Initial PEA.

Table 1: Tamarack North Resource Estimate: Effective February 15, 2018

Domain Resource
NiEq (%)
SMSU Indicated Resource 3,639 1.83 0.99 0.05 0.42 0.26 0.2 2.45
Total Indicated Resource 3,639 1.83 0.99 0.05 0.42 0.26 0.2 2.45
SMSU Inferred Resource 1,107 0.90 0.55 0.03 0.22 0.14 0.12 1.25
MSU Inferred Resource 570 5.86 2.46 0.12 0.68 0.51 0.25 7.24
138 Zone Inferred Resource 2,705 0.95 0.74 0.03 0.23 0.13 0.16 1.38
Total Inferred Resource 4,382 1.58 0.92 0.04 0.29 0.18 0.16 2.11


All resources reported at a 0.83% NiEq cut-off.
No modifying factors have been applied to the estimates.
Tonnage estimates are rounded to the nearest 1,000 tonnes.
Metallurgical recovery factored in to the reporting cut-off.
* NiEq% = Ni%+ Cu% x $3.00/$8.00 + Co% x $12.00/$8.00 + Pt [g/t]/31.103 x $1,300/$8.00/22.04 + Pd [g/t]/31.103 x $700/$8.00/22.04 + Au [g/t]/31.103 x $1,200/$8.00/22.04.

Initial PEA Results

The basis of design of the Initial PEA, which was completed on a portion of the upper SMSU, the lower SMSU and the MSU are summarized in Table 2 below. The Initial PEA is preliminary in nature. The Initial PEA includes inferred mineral resources. Inferred mineral resources are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves. There is no certainty that the Initial PEA will be realized.

Table 2: Basis of Design: Initial PEA*

No Parameter Description
1 Approach and Mandate Implement Best Available Technologies to protect the environment while creating a catalyst for establishing long-term, sustainable industry
2 Mine Access Method 5 meter Diameter Shaft
3 Mine Methods Transverse Drift-and-Fill (MSU) and Transverse Open Stoping (SMSU)
4 Type of Metallurgical Process Bulk rougher and scavenger flotation followed by separate cleaning of the rougher and scavenger concentrates
5 Separation of Tailings Bulk scavenger tailings are treated in a desulphurization stage to produce a low-mass high sulphur stream and high-mass low sulphur tailings
6 Backfill Cemented paste backfill in a primary-secondary sequence utilizing all high sulphur and 37% of low sulphur tailings
7 Co-disposed Filtered Tailings Facility (“CFTF“) Filtered low sulphur tailings (at 80%-85% solids content) will be co-disposed with waste rock in a lined surface facility. The liner system of the facility will consist of a composite liner overlain by a drainage layer. Contact water from the facility will be collected using a perimeter ditch and conveyed to a water treatment plant. Upon closure, the CFTF will be encapsulated by a composite cover.
8 Life of Mine (“LOM”) Feed** SMSU Indicated: 1.706 mt at 2.48% Ni, 1.22% Cu, 0.06% Co, 0.37 g/t Pt, 0.25 g/t Pd, 0.18 g/t Au, 3.34%
NiEqSMSU Inferred: 0.175 mt at 2.50% Ni, 1.14% Cu, 0.06% Co, 0.30 g/t Pt, 0.22 g/t Pd, 0.14 g/t Au, 3.27% NiEq
MSU Inferred: 0.506 mt at 5.35% Ni, 2.23% Cu, 0.11% Co, 0.63 g/t Pt, 0.47 g/t Pd, 0.23 g/t Au, 6.88% NiEq
Total Inferred:
0.681mt at 4.62% Ni, 1.95% Cu, 0.10% Co, 0.54 g/t Pt, 0.40 g/t Pd, 0.21 g/t Au, 5.957 NiEq
9 Mine life (excluding construction period) 7 years (6.4 years excluding partial years)
10 Mill Treatment Capacity 1,390 tpd
11 Ni Recovery to Ni Concentrate 85.0 % Ni
12 Cu Recovery to Cu Concentrate 84.4 % Cu
13 Overall Cu Recovery 94.5 % Cu
14 Ni Concentrate Grades 14.5 % Ni, 0.8 % Cu, 0.38 % Co
15 Cu Concentrate Grades 28.9 % Cu, 2.23 g/t Au
16 Ni Concentrate Production 79.5 ktpa (dry)
17 Cu Concentrate Production 18.3 ktpa (dry)
18 Payable Ni Production 23.3 million lbs per year; 127.5 million lbs over LOM
19 Payable Cu Production 11.1 million lbs per year; 66.8 million lbs over LOM
20 Revenue split 80% Ni, 16% Cu, 4% Co
21 Existing Project Infrastructure Paved highway, grid power, railway line across site, port
22 Sustainable Development There may be the potential for a solar garden on top of CFTF to generate clean energy post-mining


* See Initial PEA for further details in respect of the above table

** Resources included in the Life of Mine Mill Feed were evaluated by calculating the NSR, using the following metal prices: $6.75/lb Ni, $2.75/lb Cu, $20/lb Co, $1,100/oz Pt, $800/oz Pd and $1,200/oz Au. Relevant functions were applied such as metal recovery curves, smelting and refining terms, transportation costs and State royalties. The calculated NSR was then compared to the operating cost per tonne to determine inclusion or exclusion of resource into the mine plan based on value addition or destruction. These costs are US$117/tonne for the SMSU and US$157/tonne for the MSU.

NiEq% = Ni%+ Cu% x $2.75/$6.75 + Co% x $20.00/$6.75 + Pt [g/t]/31.103 x $1,100/$6.75/22.04 + Pd [g/t]/31.103 x $800/$6.75/22.04 + Au [g/t]/31.103 x $1,200/$6.75/22.04.

Capital and Operating Costs

Capital costs for the Tamarack North Project were estimated by DRA Americas for the mine, process and surface facilities, and by Golder Associates Ltd. for the CFTF. All cost estimates have been forecast in US dollars using constant, second quarter 2018 dollars, (i.e. in “real” dollars), without provision for inflation or escalation, and are subject to change if new information is received or circumstances change.

The total estimated capital cost is US$182.51M (which includes an estimated US$10.0M mill salvage credit), of which US$174.31M is the initial cost required during the first 2 years and 7 months prior to the start of production. The amounts include indirect costs and amounts for contingency. Contingency varies by line item, averages 20% for the initial cost of the mine and 23.5% for the initial cost of the process and surface facilities, and totals US$29.38M.

Capital costs are detailed in the following table.

Table 3: Capital costs

U.S. dollars millions Initial capital
capital cost
Mine 72.44 21.38 93.83
Process and Surface Facilities 90.85 1.57 92.43
Sale of moveable equipment and mill at end of mine life (10.00) (10.00)
Closure costs 6.25 6.25
Working capital 11.01 (11.01)
Total* 174.31 8.20 182.51


* Totals may not add due to rounding

The average operating costs per tonne milled for the seven year mine life is US$118.23 per tonne milled and is detailed in the table that follows.

Table 4: Operating cost per tonne

Mining US$/tonne $63.94
Processing US$/tonne $18.87
Product handling US$/tonne $22.92
CFTF US$/tonne $2.50
General and administrative US$/tonne $10.00
Total US$/tonne $118.23


C1 cash costs are US$2.20 per lb of payable nickel. Capital intensity is $17,200 per annual tonne of payable nickel or approximately $13,700 per annual tonne of payable nickel equivalent (excluding the impact of ramp-up/partial years in the first and last year of the mine plan).

Economic Analysis

At base case metal prices, the Tamarack North Project has an after-tax NPV of US$210M using a discount rate of 7% and an after-tax IRR of 39%. Payback from start of construction is 1.9 years on a pre-tax basis and 2.1 years after-tax. All amounts are in U.S. dollars.

The Initial PEA illustrates a high after-tax IRR, low C1 cash costs, low capital intensity and a quick payback.

Metal prices used for the base case as well as for sensitivity cases are summarized in the tables that follow. Base case prices were based on analyst consensus long-term prices. “Low” was used to estimate a pessimistic scenario. Incentive pricing is based on the price required to incentivize new mines to meet the projected increased demand for battery metals such as nickel and cobalt during the next decade.

Table 5: Assumed Metal Prices

Unit Low Base case Incentive pricing
Ni US$/lb $6.75 $8.00 $9.50
Cu US$/lb $2.75 $3.00 $3.25
Co US$/lb $20.00 $30.00 $40.00
Pt US$/oz $1,100 $1,100 $1,100
Pd US$/oz $800 $800 $800
Au US$/oz $1,200 $1,200 $1,200


After-tax and pre-tax NPV and IRR, C1 cash cost per pound of payable nickel and payback period from start of production in years for each pricing scenario is summarized in the table that follows.

Table 6: After-tax and Pre-tax NPV in US$ Millions, After-tax and Pre-tax IRR, C1 Cash Costs and Payback Period Using Low, Base Case and Incentive Metal Price Assumptions

After-tax Pre-tax
Metal price scenario Metal price scenario
Low Base Incentive Low Base Incentive
NPV 7% 130 210 287 163 261 354
NPV 8% 119 195 268 150 244 332
NPV 10% 98 168 234 127 212 292
IRR 27.9% 38.8% 48.3% 32.2% 44.6% 55.3%
C1 Cash Cost per lb of payable Ni $2.47 $2.20 $1.93 $2.47 $2.20 $1.93
Payback from start of production in years 2.6 2.1 1.8 2.5 1.9 1.6


The sensitivity of the base case after-tax NPV and after-tax IRR was tested assuming changes in metal prices, operating costs, grade and capital costs in a range of +/-30% around the base case as shown in the following two figures.

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Figure 4: Sensitivity of Base Case aftertax NPV to changes in metal prices,
operating costs and capital costs

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Figure 5: Sensitivity of Base Case Aftertax IRR to changes in metal prices,
operating costs and capital costs

Conclusions and Recommendations

The present mine plan is based on a subset of the mineral resource estimate within the Tamarack Zone as outlined in Table 2, which comprises a majority of the MSU, the lower SMSU and only a portion of the upper SMSU as further illustrated in Figure 3 above. The Initial PEA results are strong, yielding a 28% after-tax IRR using a nickel price of $6.75/lb and a copper price of $2.75/lb. The base case after-tax IRR of 39% ranks amongst the best globally. The incentive pricing after-tax IRR is 48%.

There are several short-term opportunities to increase the Tamarack North Project NPV and therefore the following are recommended:

  • Define a flowsheet and conditions capable of treating all of the MSU, SMSU, and 138 Zone mineralization while at the same time simplifying the present flowsheet;
  • Increase the MSU mineral resource by exploring the open MSU extensions in the Tamarack Zone, the CGO Bend and potential MSU mineralization in the 164 Zone through geophysical and drilling methods;
  • Use ore sorting to preconcentrate the MSU by separating sediment/MSU and CGO/MSU midlings;
  • Determine the optimal stope sizes in the SMSU;
  • Update the production schedule to maximize early cash flows while maintaining a consistent plant feed;
  • Consider the production of nickel and cobalt sulphates from sulphide concentrates in order to sell directly to battery manufacturers.

The Company intends to complete a pre-feasibility study once, among other things, the extent of the mineralization that will be accessed through, and processed by, the same surface infrastructure has been delineated.

The technical report referenced herein (the Initial PEA) will be filed on SEDAR (www.sedar.com) and on the Company’s website (www.talonmetals.com) within 45 days.

Quality Assurance, Quality Control and Qualified Persons

For the purposes of the Initial PEA and this press release, the Qualified Persons (“QP”), as such term is defined in NI 43-101 are as follows:

The mineral resource estimate contained in this news release was prepared by or under the supervision of Mr. Brian Thomas (P.Geo.), who is a geologist independent of Talon and an employee of Golder Associates Ltd. In addition, Mr. Thomas has reviewed the sampling, analytical and test data underlying such information and has visited the site and reviewed and verified the QA/QC procedures used by Kennecott Exploration Company at the Tamarack North Project and found them to be consistent with industry standards. In Golder’s opinion, the mineral resource estimate disclosed herein has been prepared in accordance with CIM best practice guidelines. For further detail please see the Technical Report entitled “Second Independent Technical Report on the Tamarack North Project – Tamarack, Minnesota”, dated March 26, 2018, authored by DRA, which is available under the Company’s issuer profile on SEDAR (www.sedar.com).

The mining method, including mine development, mine plan, mine capex and opex were developed by Mr. Daniel M. Gagnon, P. Eng., Sr. Mining Engineer and VP Mining and Geology for DRA Americas and is independent of the Company.

The overall Initial PEA was compiled (with inputs from other QPs as indicated) by Mr. Tim Fletcher, P. Eng., a Senior Project Manager with DRA Americas who is independent of the Company.

The economic analysis, including pre-tax and after-tax financial results and sensitivity analysis was completed Ms. Silvia Del Carpio, P.Eng, MBA, Financial Analyst for DRA Americas a who is independent of the Company.

The conceptual design of the CFTF was completed by Mr. Kebreab Habte, P.Eng., a Senior Geotechnical Engineer with Golder Associates Ltd. who is independent of the Company.

The requirements for the backfill paste recipe and underground distribution methodology were reviewed by Mr. Leslie Correia, Pr. Eng., Engineering Manager for Paterson & Cooke Canada Inc.

The QP who contributed to the identification of, and preliminary estimate of cost for, environmental permitting as affects the economic analysis presented in the Initial PEA referenced in this news release is Mr. Thomas Radue (P.E.), who is an engineer independent of Talon and an employee of Barr Engineering Co. Mr. Radue has visited the site and reviewed and verified the definition of additional baseline and detailed environmental study requirements used by Talon for the Tamarack North Project and found it to be consistent with industry standards.

About Talon

Talon is a TSX-listed company focused on the exploration and development of the Tamarack Nickel-Copper-Cobalt Project in Minnesota, USA (which comprises the Tamarack North Project and the Tamarack South Project). The Company has a well-qualified exploration and mine management team with extensive experience in project management.

For additional information on Talon, please visit the Company’s website at www.talonmetals.com or contact:

Sean Werger
Talon Metals Corp.
Tel: (416) 500-9891
Email: werger@talonmetals.com

Forward-Looking Statements

This news release contains certain “forward-looking statements”. All statements, other than statements of historical fact that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future are forward-looking statements. These forward-looking statements reflect the current expectations or beliefs of the Company based on information currently available to the Company. Such forward-looking statements include, among other things, statements relating to the results of the Initial PEA with respect to estimates of mineral resource quantities, the mining method, the basis of design of the Initial PEA, capital and operating costs, NPV, IRR, payback, cash costs, prospective drill targets, objectives in respect of metallurgical testing, targets, goals, objectives and plans, including plans for follow-up exploration and metallurgical test work and the timing thereof, the impact of adding other remaining mineral resources to the mine plan, the intent to prepare a new PEA, as well as assumptions in respect of metal pricing.

Forward-looking statements are subject to significant risks and uncertainties and other factors that could cause the actual results to differ materially from those discussed in the forward-looking statements, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on the Company. Factors that could cause actual results or events to differ materially from current expectations include, but are not limited to: failure to establish estimated mineral resources, the grade, quality and recovery of mineral resources varying from estimates, the uncertainties involved in interpreting drilling results and other geological data, inaccurate geological and metallurgical assumptions, including with respect to the size, grade and recoverability of mineral reserves and resources, uncertainties relating to the financing needed to further explore and develop the properties or to put a mine into production and other factors including exploration, development and operating risks, uncertainties with economic estimates, capital and operating costs, mine plan and development issues.

Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Although the Company believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.

The mineral resource figures disclosed in this news release are estimates and no assurances can be given that the indicated levels of nickel, copper, cobalt, platinum, palladium and gold will be produced. Such estimates are expressions of judgment based on knowledge, mining experience, analysis of drilling results and industry practices. Valid estimates made at a given time may significantly change when new information becomes available. While the Company believes that the resource estimates disclosed in this news release are accurate, by their nature resource estimates are imprecise and depend, to a certain extent, upon statistical inferences which may ultimately prove unreliable. If such estimates are inaccurate or are reduced in the future, this could have a material adverse impact on the Company. Mineral resources are not mineral reserves and do not have demonstrated economic viability. Inferred mineral resources are estimated on limited information not sufficient to verify geological and grade continuity or to allow technical and economic parameters to be applied. Inferred mineral resources are too speculative geologically to have economic considerations applied to them to enable them to be categorized as mineral reserves. There is no certainty that mineral resources can be upgraded to mineral reserves through continued exploration.

Annex A

Table A-1: Assay Results of Historical Drill Hole Intercepts Pertinent to the Explanation
of the
Exploration Potential in the 138 Zone and the 164 Zone

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Annex B

Table A-2: Collar Locations of Drill Hole Intercepts Listed in Table A-1

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[1] Refer to Tables 5 and 6 for commodity prices used and sensitivity analysis

[2] See Table 2 (specifically, the reference to **) for commodity prices used to calculate the NSR cut-off in the Initial PEA mine plan


Bayhorse Silver Metallurgical Samples Assay 91.2 – 186.2 oz/t of Silver, Bayhorse Mine, Oregon, USA

Vancouver, British Columbia–(Newsfile Corp. – November 12, 2018) – Bayhorse Silver Inc, (TSXV: BHS) (The “Company” or “Bayhorse”) has received assay results from four metallurgical samples from its 100% controlled Bayhorse Silver Mine (the “Mine”), Oregon, USA.

Three 8 kg (17lb) metallurgical samples were taken from a homogenous 50 kg channel sample. From each 8kg sample, three 0.7 kg (1.5 lb) were taken and submitted for assay and the results were 175.3 oz/t Ag (5,452.42 g/t), 166.6 oz/t Ag (5,175.60 g/t), and 169.7 oz/t Ag (5,278.25 g/t) per ton respectively.

Two duplicates from the same sample group as well as a further sample from a separate channel sample were also submitted for assay. The two duplicate samples assayed 186.2 oz/t Ag (5791.47 g/t) and 147 oz/t Ag (4,572 g/t) respectively, while the third sample assayed 91.2 oz/t Ag (2,836.63 g/t)

The metallurgical grades sampled are considered “direct to smelter” grade and can be shipped to a smelter without further processing.

The full results are tabulated below.

Sample Ag oz/t Ag g/t Cu % Zn % Sb % Pb %
MS-1 175.3 5,452.42 11.2 4.92 5.13 0.48
MS-2 166.6 5,175.60 10.8 4.82 5.75 0.49
MS-3 169.7 5,278.25 11.3 4.82 5.9 0.51
CHK-1 186.2 5,791.47 10.5 4.64 5.86 0.32
CHK-2 147.0 4,572.00 10.1 4.85 5.65 0.53
SCS-1 91.2 2,836.63 6.7 2.80 3.84 0.73


Bayhorse CEO Graeme O’Neill comments: “High grade silver samples are consistently being taken from the various zones inside the Bayhorse Silver Mine, and they continue to confirm the high silver grades reported by the historic production records”. “We have developed the Bayhorse Silver Mine at a cost of $1.00 per inferred resource ounce.”

The metallurgical samples will be submitted immediately, along with the completed assay certificates, to three identified smelters, in order to establish confirmed pricing agreements for the proposed delivery of Bayhorse Silver concentrate.

The Bayhorse silver mineralization contains tetrahedrite-tennantite, as the main copper-silver mineral together with the other metallic minerals, such as chalcopyrite, sphalerite, galena and pyrite and these will be concentrated and upgraded into a dry concentrate through the use of the Steinert ore-sorter.

A sampling protocol has been instituted along with insertion of QAQC samples to monitor ongoing head grades of the material being bulk sampled and processed through the Ore-Sorter and gravity separation for the fines.

The samples reported above were ground to minus 80 mesh prior to submission to American Analytical Services Labs of Osburn, Idaho, for assaying. The analytical method used for the silver analysis consists of a 1 Assay Ton (AT) samples subjected to fire assay with gravimetric finish and ICP35 analysis

The samples were select channel samples across the mineralization in the newly named Goldilocks Zone at the recently opened westernmost workings inside the mine.

This News Release has been prepared on behalf of the Bayhorse Silver Inc. Board of Directors, which accepts full responsibility for its contents. Dr. Stewart Jackson, P.Geo., a Qualified Person and Consultant to the Company has prepared, supervised the preparation of, and approved the technical content of this press release.

On Behalf of the Board.

Graeme O’Neill, CEO

Bayhorse Silver Inc., a junior exploration company, has earned 100% interest in the historic Bayhorse Silver Mine, Oregon, USA. The Company has an experienced management and technical team with extensive exploration and mining expertise.

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.

Majesta Minerals Inc. Announces the Grant of Stock Options

Toronto, Ontario–(Newsfile Corp. – November 12, 2018) – Majesta Minerals Inc. (“Majesta” or the “Company“) announces that effective November 12, 2018 it has granted an aggregate of 1,100,000 options (the “Options“) to certain directors of the Corporation to purchase up to an aggregate of 1,100,000 common shares (the “Shares“) in the capital of the Company. The Options are exercisable at a price of $0.05 per Share and expire on November 12, 2021.

For further information please contact:

Michael Stein
Tel: 416-410-7722

Minnova Corp: Corporate Update; Potential Impact of Metallic Screen Check Assay Sample Program on Mineral Resource Estimates and Feasibility Study Net Present Value

Toronto, Ontario–(Newsfile Corp. – November 12, 2018) – Minnova Corp. (TSXV: MCI) (OTC Pink: AGRDF) (“Minnova” or the “Company”), is an advanced-stage mining exploration and gold development company offering gold price leverage through our development-stage PL Gold Mine in central Manitoba and a new exploration property in Peru.

On September 27, 2018 we announced a significant increase in reported gold grades from a check assaying program using Metallic Screen Fire Assay (“MSFA”) protocol on larger sample volumes versus the Original Fire Assay (“OFA”) results. From the initial 10 samples of a planned 100 sample MFSA program we reported that gold grades increased by an average of 25%. In response to numerous investor and shareholder inquires we are pleased to provide an overview of the potential impact our MSFA program could have on the PL Gold Deposits mineral reserve and resource gold grade estimates and in turn the feasibility study economic assessment results (Net Present Value or NPV). Any comments and analysis are based solely on the sensitivity analysis included in the feasibility study and do not reflect any other changes in parameters, assumptions, costs etc. that may be required to be revised and incorporated into an updated feasibility study.

Highlighted Metallic Screen Fire Assay Check Sample Results vs Original Fire Assay Results from September 27, 2018 press release;

17.46 g/t OFA increases to 30.2 g/t MSFA – 73% Increase
.19 g/t OFA increases to 25.7 g/t MSFA – 58% Increase
g/t OFA increases to 16.1 g/t MSFA – 86% Increase
g/t OFA increases to 8.61 g/t MSFA – 145% Increase

Potential Impact on Mineral Reserves and Resources

Final results of the MFSA check assay program will be added to the PL deposit assay database and be incorporated into a future update of the November 1, 2017 NI-43-101 mineral reserve and resource estimates (see November 1, 2017 Feasibility Study Press Release and the full Feasibility Study report, both available at www.minnovacorp.ca).

The PL Gold Deposit is a high-grade gold deposit with an average diluted underground Proven & Probable grade of 7.0 g/t and an average diluted open pit Proven & Probable grade of 4.35 g/t. Mineral Reserve summary in Table 1 below.

Table 1: PL Deposit Estimated Mineral Reserves as of November 1, 2017

Category Diluted Tonnes
Au Grade
Contained Au
Proven 367 7.77 92
Probable 586 6.51 123
Sub-Total Underground 953 7.00 215
Open Pits
Proven 87 4.71 13
Probable 226 4.21 31
Sub-Total Open Pits 313 4.35 44
Total Proven and Probable 1,266 6.34 259


1. Mineral Reserve for the Project was estimated by Malcolm Buck, P. Eng., and an independent Qualified Person of AZM.
The Mineral Reserves are not in addition to the Mineral Resources, but are a subset thereof.
The QP has not identified any risk including legal, political, or environmental that could materially affect potential Mineral Reserves development.
Mineral Reserve estimate was calculated using a gold price of US$1,250/oz and an exchange rate of US$0.77 to CDN$1.00.
A gold cut-off grade of 4.0 g/t for underground mining and 2.7 g/t for open pit mining.
Rounding as required by reporting guidelines may result in summation differences.

The average Measured and Indicated mineral resource gold grade is estimated at 5.93 g/t and the Inferred mineral resource grade is estimated at 5.08 g/t. See mineral resource summary in Table 2 below.

Table 2: PL Deposit Mineral Resource Estimate as of November 1, 2017

Category Au
Au Grade
Au oz
Measured 2.5 425 7.53 102,900
Indicated 2.5 1,056 5.29 179,600
M+I 2.5 1,481 5.93 282,500
Inferred 2.5 1,846 5.08 301,700


Notes PL Deposit:

  1. The volume of the historical mined areas was depleted from the resource estimate.
  2. Grade capping values range from 30 to 45 g/t Au and affected 16 samples.
  3. Bulk densities of 2.81 t/m3 were used for tonnage calculations.
  4. A gold price of US$1,250/oz and an exchange rate of US$0.80=C$1.00 was utilized in the Au cut-off grade calculations of 2.5 g/t underground. Operating costs of C$125/t. Process recovery used was 95%.
  5. Tonnes and ounces have been rounded to reflect the relative accuracy of the mineral resource estimate; therefore numbers may not total correctly.
  6. 1 troy ounce equals 31.10348 grams.
  7. Mineral Resource tonnes quoted are not diluted.
  8. The NI 43-101 mineral resources in this press release were estimated using the Canadian Institute of Mining, Metallurgy and Petroleum (CIM), CIM Standards on Mineral Resources and Reserves, Definitions and Guidelines prepared by the CIM Standing Committee on Reserve Definitions and adopted by CIM Council.
  9. Mineral resources are not mineral reserves and by definition do not demonstrate economic viability. This mineral resource estimate includes inferred mineral resources that are normally considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves. There is also no certainty that these inferred mineral resources will be converted to the measured and indicated resource categories through further drilling, or into mineral reserves, once economic considerations are applied.

Gorden Glenn, President & CEO of Minnova commented, “We are encouraged by the positive variance in gold grades achieved from initial check assays. Should additional MSFA check assays also report higher grades than the OFA samples then we would reasonably expect the gold grade of the mineral reserve and mineral resource to be positively impacted.”

Current Feasibility Study Results and Assessment of Impact of Changes to Sensitivities on the Economic Analysis

The Feasibility Study base case economic analysis is based on the above mineral reserve estimate. Highlights from the Feasibility Study economic analysis include;

  • Pre-tax Net Present Value (“NPV”) at a 5% discount rate of $55.9 million and an Internal Rate of Return (“IRR”) of 65%;
  • After-tax NPV at a 5% discount rate of $36.7 million and IRR of 53%;
  • Proven & Probable Mineral Reserves of 259,000 ounces of gold (1.27 million tonnes at 6.34 g/t Au), a subset of the Measured and Indicated Resources of 282,500 ounces of gold (1.48 million tonnes at 5.93 g/t Au). The 2017 FS excludes Inferred Resources of 301,700 ounces of gold (1.84 million tonnes at 5.08 g/t Au)
  • After-tax payback of 1.5 years after plant start-up;
  • Minimum 5 year mine life, mining and processing 1.27 million tonnes, averaging 6.34 grams per tonne (“g/t”) gold, and producing 232,463 ounces of gold;
    • Underground production amounts to 0.95 million tonnes at an average diluted grade of 7.00 g/t gold;
    • Open pit production amounts to 0.31 million tonnes at an average grade of 4.35 g/t gold;
  • Total payable gold production of 232,463 ounces with an average Life of Mine (“LOM”) cash cost of US$715 per ounce and average AISC of US$942 per ounce;
    • Years 2 to 5 mill feed planned at 788 tpd to produce an average of 45,637 ounces;
  • Pre-production (Year -1) capital cost of $35.35 million including a 10% for contingency, environmental bonds and initial working capital;
    • In Year 1, the projected $12.5 million capital expenditure is offset by net income of $38.5 million;
  • Sustaining Capital and Closure Costs of $54.16 million over LOM;
  • Opportunity to increase potentially mineable ounces through;
    • a) conversion of inferred mineral resources to the measured and indicated resource categories through further drilling along strike and down dip and;
    • b) expansion and delineation of resources on strike to the north of the current resource area, where mineralization has been traced for a further 320 metres on surface.

Gorden Glenn, President & CEO of Minnova commented, “The purpose of any optimization study, like the MSFA check assay program, following a positive feasibility study is ultimately to positively impact the economic analysis of the project. The MSFA check assay program is a high impact study, any increase in gold grade of the mineral reserve and resource can have a positive impact on the economic analysis. Looking at the financial analysis and sensitivities from the feasibility study contained in Table 3 below, one can see the impact of an increase in gold grades closely mirrors the positive impact of an increase in gold price. For example, a 10% increase in mineral reserve gold grade could potentially increase the project NPV from the base case NPV of $36.70 million to $66.49 million, a potential increase of over 80%. We are encouraged by the initial positive results form the MSFA check assay program, which reported an average 25% increase in gold grades. To some degree this supports our view that traditional half-core samples and 30g fire assays could be understating the gold grade of our mineral reserves and mineral resources due to the nugget effect of course gold. We look forward to reporting the results of the MSFA check sample program as they become available and incorporating them into the assay data base. This analysis is based solely on the sensitivity analysis included in the feasibility study and does not reflect any other changes in parameters, assumption, costs etc. that may be required to be revised and incorporated into an updated feasibility study.”

Financial Analysis and Sensitivities

The base case financial analysis from the feasibility study used a gold price of US$1,250/oz, to yield a a pre-tax NPV5% of $55.9 million and IRR of 65% and an after-tax NPV5% of $36.7 million with an IRR of 53%. The results of the sensitivity analysis for the Base Case indicate that the project is most sensitive to changes in gold price and head grade, and least sensitive to changes in capital cost.

Table 3: Results of Sensitivity Analysis of the Base Case

After-Tax NPV5% ($M)
Variation of Parameter Relative to Base Case

-20% 15% 10% 5% 0% 5% 10% 15%
Head Grade -$24.78 -$9.21 $6.30 $21.68 $36.70 $51.56 $66.40 $81.25
Gold Price -$24.97 -$9.36 $6.21 $21.63 $36.70 $51.56 $66.49 $81.38
Operating Costs $77.25 $67.19 $56.95 $46.80 $36.70 $26.49 $16.24 $5.84
Capital Costs $50.17 $46.79 $43.40 $40.04 $36.70 $33.37 $30.06 $26.76


Qualified Person

Mr. Chris Buchanan, M. Sc., P. Geo., a consultant of the Company and a “Qualified Person” under National Instrument 43-101, has reviewed and approved the scientific and technical information in this press release.

About Minnova Corp.

Minnova Corp. is an emerging Canadian gold producer with an expanding portfolio of high quality and advanced stage gold projects including the development stage PL Gold Mine and the La Esperanza grass roots gold project in Peru. The Company has completed a Positive Feasibility Study in support of re-starting the PL Mine at an average annual production rate of 46,493 ounces over a minimum 5 year mine life. The resource remains open to expansion and future surface exploration work programs will target resource expansion. The PL Gold Mine has a relatively short pre-production timeline forecast at 15 months, benefits from a valid underground mining permit (Environment Act 1207E), an existing processing plant, over 7,000 meters of developed underground ramp to -135 metres depth, is fully road accessible and close to existing mining infrastructure in the prolific Flin Flon – Snow Lake Greenstone Belt of Central Manitoba.

For more information please contact:

Minnova Corp.
Gorden Glenn
President & Chief Executive Officer

For further information, please contact Investor Relations at 647-985-2785 or info@minnovacorp.ca
Visit our website at www.minnovacorp.ca

Forward Looking Statements

This news release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, among others. statements with respect to the results of the 2017 FS, including but not limited to, gold price assumptions, exchange rate assumptions, cash flow forecasts, projected capital and operating costs, refining costs, royalties, credits, sustaining and closure costs, processing rates, metal or mineral recoveries, recovery methods, mine life and annual operating periods, construction and commissioning period and other anticipated timelines, closure and reclamation plans, production rates, estimated net present values, internal rates of return and payback periods; the Company’s potential plans and operating performance; the estimation of the tonnage, grades and content of deposits and the extent of the resource and reserve estimates; potential production and viability of the PL Mine Re-Start Project; environmental approval plans and anticipated timing of receipt of required environmental approvals; opportunities to enhance the value of the PL Mine Re-Start Project, capital cost reduction opportunities and other plans and objectives of Minnova Corp.. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Although Minnova has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking statements herein are made at the date of this release and Minnova Corp. expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation..

Neither 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.

InvestmentPitch Media Video Discusses Sego Resources’ Phase II Diamond Drill Program to Expand its Known Mineralized Zones at its 100% Miner Mountain Project in British Columbia – Video Available on Investmentpitch.com

Vancouver, British Columbia–(Newsfile Corp. – November 12, 2018) –  Sego Resources (TSXV: SGZ) will be starting its Phase II diamond drill program on November 10th, 2018 at its 100% Miner Mountain alkalic copper-gold porphyry exploration project in British Columbia. The 2,056 hectare project is located near mining friendly Princeton, British Columbia, just 15 kilometres north of the Copper Mountain Mine, operated by the Copper Mountain Mining company.

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The claims cover an extensive, well-altered porphyry system containing excellent copper-gold grades, located along the same regional fault as the Copper Mountain mine.

The purpose of the Phase I drill program was to determine the continuity, extent, and direction of previously understood mineralized fault systems, which are assumed to run in an east-west direction and plan a much larger scale exploration program to expand and enhance mineralization at the project. An east-west line of diamond drill holes was drilled to determine mineralized fault directions and to locate the south edge of the Cuba Zone IP chargeability anomaly.

The results showed the presence of copper mineralization continuing all the way to the south edge of the IP chargeability high. With hole 18-32, not only did gold mineralization occurred right near surface, but it also occurred deeper within the chargeability zone. 0.53 grams per tonne gold were reported from 0 to 26 metres, with 0.45 grams per tonne gold also reported from 35 to 50 metres, along with copper and silver. In addition, at a core depth of 107 metres, approximately 60 metres below surface, copper assays yielded 6 metres of 0.40% copper along with gold and silver, and also 3 metres of 0.865% copper with gold and silver values.

As a result of scientific knowledge gained from the Phase 1-2018 drill program, the company conducted a revised mapping program to understand the opportunities of the Miner Mountain system within the Nicola volcanic environment.

More than 150 rock samples were also collected and slabbed with 11 samples further examined utilizing a potassium feldspar staining method and a microscopic thin section study. The results from these studies identified both microdiorite intrusive rock and quartz feldspar porphyry intrusive in the area of the planned Phase II drill program.

The mineralization in the Cuba Zone extends southeast towards the new Phase II-2018 target area, which encloses the shoulder of a broad chargeability high and porphyritic intrusions on the edges of that target area. The extrapolation of structures from the Phase I-2018 programme to the Phase II-2018 target area, along with the indications of intrusions could be interpreted to be the peripheral signature of a porphyry system that is covered by overburden.

Sego expects to drill approximately 1,000 metres into the Phase II-2018 target area and explore the Induced Polarization high chargeability zone, which is approximately 750 metres by 300 metres in area. Sego has a 5 year area-based permit to drill and explore the Miner Mountain Project, where the ease of access and limited snowfall has made year-round drilling viable.

J. Paul Stevenson, CEO, stated: “The new identification of a quartz feldspar porphyry intrusive on the edge of a known IP chargeability high that is co-incident with a magnetic low, is very exciting to Sego. In particular, Sego sees new exciting progress when we extrapolate the structures and mineralization found in our Phase I-2018 drilling program and all of the accumulated successful work done by Sego in previous years.”

The company has an excellent working relationship with the local community and First Nations and has a Memorandum of Understanding with the Upper Similkameen Indian Band, on whose Tradition Territory the Miner Mountain Project is situated.

For more information, please visit www.SegoResources.com, contact J Paul Stevenson, CEO, at 604-682-2933 or toll free at 1-866-683-2933 or email CEO@SegoResources.com. Investor relations is handled by MarketSmart Communications at 604-261-4466 or info@marketsmart.ca

About InvestmentPitch Media

InvestmentPitch Media leverages the power of video, which together with its extensive distribution, positions a company’s story ahead of the 1,000’s of companies seeking awareness and funding from the financial community. The company specializes in producing short videos based on significant news releases, research reports and other content of interest to investors.

InvestmentPitch Media
Barry Morgan, CFO

InvestmentPitch Media Video Discusses Great Atlantic and Optionee Fort St. James Nickel’s Completed Diamond Drill Program at its Porcupine Base Metal – Precious Metal – REE Property in Central New Brunswick – Video Available on Investmentpitch.com

Vancouver, British Columbia–(Newsfile Corp. – November 12, 2018) – Great Atlantic Resources’ (TSXV: GR) (FSE: PH01) announced that its optionee, Fort St. James Nickel Corp (TSXV:FTJ), has completed the 2018 diamond drilling program at the Porcupine Base Metal – Precious Metal – Rare Earth Element (REE) Property.

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The Porcupine property, which cover approximately 2,830 hectares, is located approximately 50 kilometres west of the city of Miramichi, in central New Brunswick, Canada. Access is excellent with logging roads transecting the property.

Four shallow drill holes were completed, for a total of 227 meters, in the central region of the property targeting an area of base metal and silver mineralization previously discovered by Great Atlantic. The 2018 diamond drill program tested under a mineralized zone exposed in a 2012 trench (Line 4W Trench) by Great Atlantic, where a one-meter channel sample collected from this zone in 2012 was reported to return 5.48% zinc and 1.08% lead.

A qualified person has not verified this data as the sample location is no longer evident in the trench, although lead, zinc and copper sulfide mineralization in stringers/veins in volcanic rocks within this approximately 25 meter long east-west trending trench was verified by a qualified person.

A boulder sample collected during 2012 in an adjacent trench (Line 3W Trench) was reported to return 20.7% lead, 6.89% zinc, 2.04% copper and 122 grams per tonne silver, although a qualified person has not verified these boulders/data as this trench has been reclaimed.

Each of the 2018 diamond drill holes intersected local, near-surface base metal sulfide mineralization, occurring as disseminations in host rock and in veinlets/veins. Drill core samples are currently being cut for multi-element analysis.

The Porcupine Property occurs within the Miramichi terrane which trends northeast-southwest through New Brunswick. The Miramichi terrane hosts numerous volcanogenic massive sulfide deposits in northeast New Brunswick in the famous Bathurst Camp. Many of these deposits were mined, including the historic Heath Steele Mine, located approximately 40 kilometers northeast of the Porcupine Property.

For more information, please visit the company’s website www.greatatlanticresources.com. Investor Relations is handled by Kaye Wynn Consulting Inc. They can be reached at either 604-558-2630 or 888-280-8128, or email info@kayewynn.com

About InvestmentPitch Media

InvestmentPitch Media leverages the power of video, which together with its extensive distribution, positions a company’s story ahead of the 1,000’s of companies seeking awareness and funding from the financial community. The company specializes in producing short videos based on significant news releases, research reports and other content of interest to investors.

InvestmentPitch Media
Barry Morgan, CFO

BeWhere Holdings Inc. and ArionTech Partners to Launch M-IoT in Canada

Toronto, Ontario–(Newsfile Corp. – November 12, 2018) –  BeWhere (TSXV: BEW) (OTCQB: BEWFF) (“BeWhere” or the “Company”) an Industrial Internet of Things (IIoT) asset tracking solutions provider, is pleased to announced the official launch of its Mobile-IoT (“M-IoT”) solution on Bell’s LTE-M network with ArionTech, a leader in GPS Tracking and telematics solutions.

With over 50,000 live activations and a customer base of more than 2,500 clients, ArionTech provides industry leading hardware and software solutions for vehicle and asset tracking, fleet management, compliance, data analysis, safety reporting and remote security monitoring. Designed, developed and manufactured in Canada, ArionTech is serving its clients with a 10-year track record in the industry.

ArionTech has placed an initial order of 2,000 BeSol M-IoT sensors following initial testing of these new devices through a number of pilots in Canada. Additional orders expected in December 2018 and throughout FY2019.

“This partnership with ArionTech takes place shortly after the launch of the LTE-M network in Canada by Bell; and is the second one we announced in a few days. This shows that the demand for our low-cost sophisticated solution in the fleet management industry is already getting a lot of traction,” says Owen Moore, CEO of BeWhere. “We expect a growing demand as the product starts being marketed by our various partners, which will help us grow and become a game-changer for the asset tracking industry.”

“We have been looking for a cost-effective and a reliable trailer tracking solution for a number of years, but all existing technologies were cost prohibitive,” says Raman Dhindsa VP, ArionTech. “We discovered BeWhere through our relationship with Bell; and since the initial successful pilots, we were awaiting the official launch of the LTE-M network to be able to roll-out BeWhere’s M-IoT solution to our clients. We are very pleased that this day has come and look forward to implementing this asset tracking solution widely as an ideal add-on to our fleet management services.”

About BeWhere

BeWhere (TSXV: BEW) (OTCQB: BEWFF) is an Industrial Internet of Things (“IIOT”) solutions company that designs and sells hardware with sensors and software applications to track real-time information on non-powered fixed and movable assets, as well as monitor environmental conditions. The company develops mobile applications, middle-ware and cloud-based solutions that stand-alone or that can be readily integrated with existing software. BeWhere’ solutions are cutting edge, using the latest available cellular technologies (LTE-M and NB-IoT) and offering customers low-cost sophisticated technology to implement a new level of visibility to their businesses.

BeWhere sells its products through a worldwide network of distribution and technology companies. BeWhere has secured distribution agreements and technology partnerships with a large roster of companies including major telecommunications providers, leading vehicle telematics providers and logistic and supply chain management solution providers.

About ArionTech

For more than 10 years, ArionTech has helped businesses across North America to improve the fleet efficiency, fleet monitoring, safety and business intelligence. ArionTech is a dynamic leader in GPS fleet management products and services. Our outstanding skills strengthened our commitment in delivering the best fleet management platform in the market.

Trucking knowledge topped with modern technology has given ArionTech a better edge than the existing related products in the market. Our vision “Driving beyond imagination” defines our strength of developing highly efficient products at affordable price.

Not only trucking industry, ArionTech have established the name in Medical and Cannabis industry by developing managements systems.

Cautionary Statements Regarding Forward Looking Information

Certain statements in this press release constitute forward-looking statements, within the meaning of applicable securities laws. All statements that are not historical facts, including without limitation, statements regarding future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations or beliefs of future performance, are “forward-looking statements”.

We caution you that such “forward-looking statements” involve known and unknown risks and uncertainties that could cause actual and future events to differ materially from those anticipated in such statements. Forward-looking statements include, but are not limited to, statements with respect to commercial operations, including technology development, anticipated revenues, projected size of market, and other information that is based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management.

BeWhere Holdings Inc. (the “Company”) does not intend, and does not assume any obligation, to update these forward-looking statements except as required by law. These forward-looking statements involve risks and uncertainties relating to, among other things, technology development and marketing activities, the Company’s historical experience with technology development, uninsured risks. Actual results may differ materially from those expressed or implied by such forward-looking statements.

Facebook: https://www.facebook.com/bewhereinc/  LinkedIn: https://www.linkedin.com/company/bewhere-inc-


BeWhere Inc. Margaux Berry, VP Strategy and Growth
1-844-229-4373 x 107