Pancon Acquires Ni-Cu-Co St. Laurent Project & Consolidates Its Battery & Energy Metals Strategy in Northern Ontario

Toronto, Ontario–(Newsfile Corp. – March 25, 2019) – Pancontinental Resources Corporation (TSXV: PUC) ("Pancon" or the "Company") is pleased to announce the acquisition of the St. Laurent Project (the "Project"), containing an advanced exploration target hosting a prominent 600-metre long electromagnetic (EM) anomaly with associated Ni-Cu-Co-Au-Pt-Pd mineralization. The Project covers 4,170 hectares and is located in St. Laurent Township, Northern Ontario, 160 kilometres northeast of Timmins, 50 kilometres south of Detour Lake Mine and 20 kilometres southeast of Casa Berardi Mine.

Pancon President and CEO Layton Croft stated: "The St. Laurent Project strengthens Pancon’s strategy of exploring for essential battery and energy metals in low-risk jurisdictions near operating and former mines. It also brings a 5th project to Pancon’s exploration portfolio in Northern Ontario, where we value our positive social license to operate. Past shallow drilling at our St. Laurent Project identified disseminated multi-element sulphide mineralization across notable widths trending towards a large gabbro-hosted magnetic feature. The Ni-Cu-Co-Au-Pt-Pd zone is open along strike and at depth. This mineralized zone, importantly, is coincident with a strong 600-metre long EM anomaly. Drilling to date has not yet intersected massive sulphides, and the EM anomaly has not yet been explained. The disseminated sulphide halo provides an important vector to guide our upcoming exploration work."

Concurrent with this acquisition, the Company has made the decision to terminate its Option Agreement on the McBride Project in southeastern Ontario.

Exploration Highlights and Analysis:

  • In 1966, S. Gray, in association with Asarco Exploration, completed ground geophysics and 7 diamond drill holes (1,081 metres), from which disseminated sulphide assay results (for Ni and Cu only) were preserved for 3 holes:

   DDH# Width (m) Ni% Cu%
   PA-1 2.7 0.78 0.23
   PA-5 19.3 0.36 0.33
   PA-7 26.5 0.16 0.23
  Source: Ministry of Northern Development and Mines assessment report 32E05SE0004.
 
  • In 1970, Asarco conducted ground geophysical surveys and geological mapping, followed by 4 diamond drill holes (411 metres) to test geophysical targets not associated with the area of the 1966 drilling, and for which assay results were not preserved.
  • From 2004-2007, Eastmain Resources and Xstrata completed a series of airborne geophysical MegaTEM surveys. Using 200-metre line spacing, the surveys revealed a prominent 600-metre long EM anomaly, coincident with the 1966 diamond drilling. The EM anomaly is strong and plunging to the northeast, below detection limits of the survey, and terminates abruptly to the southwest. St. Laurent’s gabbro-hosted geological setting and exploration characteristics provide an analogue to the former gabbro-hosted Montcalm Ni-Cu-Co Mine adjacent to Pancon’s other Northern Ontario projects. For comparison, the EM anomaly associated with the former Montcalm Mine was approximately 200-metres long, and the actual Montcalm deposit was approximately 350-metres long.
  • In 2008, Eastmain and Falconbridge completed 3 diamond drill holes (604 metres) to test St. Laurent’s prominent EM anomaly. All 3 holes intersected a wide halo zone of highly anomalous disseminated low grade Ni-Cu-Co-Au-Pt-Pd mineralization. The source of the prominent EM anomaly has not yet been explained. Assay results as reported by Eastmain averaged:111

 
DDH
From
(m)

To (m)

Width (m)

Ni%

Cu%

Co (ppm)
Au-Pt-Pd
(ppb)
  SL-08-01 57.4 64.5 7.1 0.14 0.22 95 104
  SL-08-01 71.9 82.4 10.5 0.14 0.15 92 78
  SL-08-01 93.9 112.4 18.5 0.18 0.12 143 60
  SL-08-01 120.3 124.4 4.1 0.25 0.10 174 59
  SL-08-02 65.2 81.1 15.9 0.27 0.23 149 85
  SL-08-02 85.4 90.9 5.5 0.51 0.31 290 70
  SL-08-02 94.2 104.2 10.0 0.34 0.34 191 145
  SL-08-03 157.1 187.1 30.0 0.25 0.20 145 92
  Source: Ministry of Northern Development and Mines assessment report 20006295.
   
  • Ni-Cu-Co sulphide deposits may consist of massive, semi-massive and net-textured lenses with disseminated halos. Such halos can provide good exploration vectors to target massive sulphides. The Project’s strong airborne EM anomaly is a conductive feature that is positioned coincident with the non-conductive disseminated mineralization. The sulphur content from the assayed Eastmain mineralized zones are relatively low, which is expected with disseminated sulphides. Projected to massive sulphides of approximately 35% S, St. Laurent’s Ni grade could potentially be 4.8% and the Co grade could potentially be 0.2%, which are comparable massive sulphide grades found at the former Montcalm Mine. Calculating Ni and Co tenor to 100% sulphide is a common practice in Ni-Cu-Co exploration to determine potential economic possibilities of nickel sulphide mineralization.
  • Eastmain’s 2008 exploration report states: "drilling has indicated that the mineralization is open in all directions, and therefore a more aggressive drill program should be undertaken on the claim block."
  • The Project’s mineralized zones have an associated geochemical anomaly, providing a cost-effective exploration tool in addition to drilling.

St. Laurent Project Option Agreement:

On March 25, 2019, Pancon entered into an Option Agreement (the "Agreement") with 2681891 Ontario Inc. to earn a 100% interest in the St. Laurent Project, which consists of 191 single cell claims and 18 boundary cell claims within St. Laurent Township in the Larder Lake Mining Division (see map below).

Under the Agreement, to earn 100% interest, Pancon will pay a total of $145,000 cash and issue a total of 1,850,000 common shares over three years, as follows: (i) $15,000 cash and 250,000 common shares upon signing; (ii) $20,000 cash and 350,000 common shares at the first anniversary; (iii) $50,000 cash and 500,000 common shares at the second anniversary; and (iv) $60,000 cash and 750,000 common shares at the third anniversary. In addition, 2681891 Ontario Inc. retains a 2.5% net smelter royalty (NSR) on the Project, of which Pancon has the right to purchase 1% NSR for $1,000,000.

Project Location Map:

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Figure 1. St. Laurent Project Location Map

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Qualified Person:

The technical information in this news release has been prepared in accordance with Canadian regulatory requirements as set out in NI 43-101 and reviewed and approved by Todd Keast, P.Geo., a Qualified Person as defined by NI 43-101. Mr. Keast is a member of Pancon’s Technical Advisory Committee and Pancon’s Projects Manager. Certain technical information within this news release is historical in nature and pre-dates NI 43-101 standards; this information is believed to be reliable however the Company has not verified this material.

About Pancon Resources:

Pancontinental Resources Corporation (TSXV: PUC), or Pancon, is a Canadian-based exploration company with a mission to generate value through responsible exploration of prospective assets proximal to producing/former mines in low-risk areas. Pancon holds five nickel-copper-cobalt projects in Northern Ontario. The Montcalm Project, Gambler Project, Nova Project and Strachan Project are adjacent to and near the former Montcalm Ni-Cu-Co Mine located 65 km northwest of Timmins. The St. Laurent Project has an advanced Ni-Cu-Co-Au-Pt-Pd target and is located 50 km south of Detour Lake Mine and 20 km southeast of Casa Berardi Mine. The Company also holds a 100% interest in the Jefferson Gold Project near Haile Gold Mine and adjacent to the former Brewer Gold Mine on the Carolina Gold Belt in South Carolina, USA.

For further information, please contact:

Layton Croft, President & CEO or Jeanny So, Manager, External Relations
E: info@panconresources.com
T: +1.416.293.8437

For additional information please visit our new website at www.panconresources.com and our Twitter feed: @PanconResources.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release contains forward-looking information which is not comprised of historical facts. Forward-looking information is characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, changes in the state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required regulatory or governmental approvals, and other risks involved in the mineral exploration and development industry, including those risks set out in the Company’s management’s discussion and analysis as filed under the Company’s profile at http://www.sedar.com. Forward-looking information in this news release is based on the opinions and assumptions of management considered reasonable as of the date hereof, including that all necessary governmental and regulatory approvals will be received as and when expected. Although the Company 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. The Company disclaims any intention or obligation to update or revise any forward-looking information, other than as required by applicable securities laws.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/43620

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CBLT Acquires Gold Assets in Hemlo

Burlington, Ontario–(Newsfile Corp. – March 19, 2019) – CBLT Inc. (TSXV: CBLT) (“CBLT”) is very pleased to announce it has closed on its previously announced purchase of a portfolio of Canadian mining assets (the “Assets”) from GTA Financecorp Inc.(“GTA”) (formerly known as GTA Resources and Mining Inc.). See CBLT’s press release of January 21, 2019 for details of the terms of the purchase. The Assets are all located in Canada and all have been explored to some degree.

“There was much talk at PDAC2019 about the gold market moving higher this year,” said Peter M. Clausi, CEO. “Commodities run through cycles. We are fortunate to be able to position CBLT to benefit should that gold move happen soon, and if it takes longer, the Assets can be maintained at relatively low cost until a better market develops. These are strong additions to CBLT’s balance sheet.”

CBLT has no immediate intention to carry out field work on any of the Assets.

Northshore Gold and Recent Assay Results

One of the Assets, Northshore Gold in the world famous Hemlo Gold Camp, boasts a NI43-101 mineral resource estimate from June, 2014, using a cutoff grade of 0.50 grams gold per tonne, showing:

  • Indicated Category: 391,000 ounces gold in 12,360,000 tonnes at a grade of 0.99 g/t gold
  • Inferred Category: 824,000 ounces gold in 29,580,000 tonnes at a grade of 0.87 g/t gold
  • All resources appear to be open for expansion

See GTA’s press release of June 10, 2014 and its subsequent other public disclosure for further details on Northshore’s mineral resource estimate.

In 2018 GTA carried out a diamond drill program at Northshore Gold and based on information from GTA CBLT disclosed the assay results from the program on February 26, 2019. CBLT believes this was a very successful program.

The program included two long holes that expanded the Afric Gold Deposit, leaving it open for additional delineation at depth, particularly to the east and northeast. The Afric Gold Deposit demonstrated significant widths to depth highlighted by an intercept of 124.50 metres grading 1.05 g/t gold (0.86 g/t gold “cut”) in hole WB-18-54.

This broad mineralized envelope included a high-grade core, which returned 7.00 metres grading 11.15 g/t gold (7.65 g/t gold “cut”), including 1.00 metre grading 56.50 g/t gold. This intercept extended the high-grade core of the Afric Gold Deposit by approximately 125 vertical metres in the area tested, and may support a northeast plunge to the high grade gold mineralization.

The sketch below provided by GTA shows the interpreted relationship between the deep hole WB-18-54, the high-grade core, and the mineralized envelope.

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Figure 1: Northshore Property – Afric Gold Deposit
Cross-Section Hole WB-18-54

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Big Duck Lake

Big Duck Lake is also in the Hemlo Gold Camp, roughly 25 km north of Northshore Gold. Strategically, it is 4 km west of the past-producing polymetallic Winston Lake Zinc Mine.

The Winston Lake Zinc Mine produced 2.68 million tonnes of 12.05% zinc, 1.05% copper, 1.07 g/t gold and 31.37 g/t silver. The current optionee of the Winston Lake Zinc Mine recently released an updated resource estimate which estimates the remaining resource as .3 Mt, with 10.4% zinc, .7% copper, .88 g/t gold and 18 g/t silver (https://www.asx.com.au/asxpdf/20190307/pdf/4438rt0jptj9pp.pdf).

Big Duck Lake covers six kilometres of prospective geology containing numerous gold and base metal showings. One of the showings is the Coco-Estelle Deposit, which hosts a historic resource of 53,700 tonnes grading 10.7 g/t gold. (The Coco-Estelle resource estimate was calculated by third parties, is not NI43-101 compliant, and cannot be relied upon without further confirmatory work.)

Initial field work at Big Duck Lake by GTA included four diamond drill holes on Coco-Estelle in Nov-Dec, 2017. The program was successful with three of the four holes intersecting significant gold grades and widths including:

  • 823.1 g/t (26.339 oz/ton) gold over 0.5 m, within a larger section of 1.3 m grading 320.1 gold g/t
  • 5.89 g/t gold over 5.0 m within a wider zone of 1.96 g/t over 11.0 m
  • 1.65 g/t over 44 m

Burnt Pond Zinc and Auden Property

Also included in the Assets are the Burnt Pond Property, a 28.5 sq km claim group on the Tally Pond volcanic belt in Newfoundland, within 10 km along strike of Teck Resources Limited’s former producing copper-zinc mine at Duck Pond, and the Auden Property, a grassroots polymetallic property in northern Ontario, proximate to Zenyatta Ventures Ltd.’s Albany Graphite Project, which is a large high-purity graphite deposit.

On Behalf of the Board of Directors
CBLT INC.

“Peter M. Clausi

CEO and Director

For Further Information:
Peter M. Clausi
1 416 890 1232
pclausi@cbltinc.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release contains certain statements that constitute forward-looking statements as they relate to CBLT and its management. Forward-looking statements are not historical facts but represent management’s current expectation of future events, and can be identified by words such as “believe”, “expects”, “will”, “intends”, “plans”, “projects”, “anticipates”, “estimates”, “continues” and similar expressions. Although management believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that they will prove to be correct.

By their nature, forward-looking statements include assumptions and are subject to inherent risks and uncertainties that could cause actual future results, conditions, actions or events to differ materially from those in the forward-looking statements. If and when forward-looking statements are set out in this new release, CBLT will also set out the material risk factors or assumptions used to develop the forward-looking statements. Except as expressly required by applicable securities laws, CBLT assumes no obligation to update or revise any forward-looking statements. The future outcomes that relate to forward-looking statements may be influenced by many factors, including, but not limited to: reliance on key personnel; shareholder and regulatory approvals; risks of future legal proceedings; income tax matters; availability and terms of financing; distribution of securities; commodities pricing; effect of market interest rates on price of securities; and, potential dilution.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/43495

Go Cobalt Completes Structural Interpretation

Vancouver, British Columbia–(Newsfile Corp. – March 19, 2019) – Go Cobalt Mining Corp. (CSE: GOCO) (“Go Cobalt” and/or the “Company“) is pleased to update regarding a structural interpretation on the 100% owned Copper Cobalt Monster Project (“Property“) in the Yukon, Canada. Go Cobalt reports the following:

Highlights:

  • Four fault sets have been mapped across the property using new satellite imagery
  • Northeast and northwest trending fault sets (ENE) help explain the depth of exposure in Wernecke Breccia
  • An east-northeast set partly controls the iron oxide alteration
  • The combined fault dataset provides Go Cobalt with a structural model that explains the depth of magnetic anomalies
  • The new data will help integrate different datasets such as the magnetic inversion and the pending gravity reprocessing
  • The structural framework gives Go Cobalt a more accurate picture for 3D target definition on the Monster Property

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Figure 1. Monster Property with faults that control the depth of exposure (NW and SE) and a fault set (ENE) that partly controls IOCG alteration of the Wernecke Breccia, associated magnetic targets and mineralization shown on a total magnetic intensity map.

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Intersecting fault systems

The new structural framework identified no less than four major fault systems that intersect in several places on the Monster Property. One of the intersections is in the Arena, an area that hosts several surface showings. This area was a major focus of the 2018 field season. The 2018 program yielded samples of up to 3.81% Cu, 2.96% Co, 53.5 g/t Ag, and 0.5 g/t Au from 31 grab samples.

Context:

The Monster Property is a large 62.5 Km2 copper cobalt property in Yukon, Canada. Mineralization on the claim is akin to IOCG deposits like the Olympic Dam project in Australia. The commissioned structural interpretation was based a newly available 2-m resolution DEM and on the magnetic data set acquired during the 2018 exploration program.

The work has been carried out by Rodrigo Diaz, an IOCG specialist based in Chile. He has been involved with the Monster Property since 2018, when he spent several months on a spectral survey and data compilation. His work has previously led to the discovery of several copper showings on the Monster Property.

Because faults provide mineralizing fluids with pathways and mechanical nozzles their identification is crucial for an understanding of the mineral system. The structural framework will allow Go Cobalt to target mineralization with greater certainty.

Ongoing gravity reprocessing

Go Cobalt is reprocessing historical gravity data. Roughly 600 data points are being reprocessed using a new digital elevation model. The data will subsequently be inverted. Combined, gravity and magnetic data are powerful tools for IOCG targeting.

Qualified Persons

Adrian Smith, P.Geo., is the qualified person for the Company as defined in the National Instrument 43-101 and has reviewed the technical information presented within this news release.

About Go Cobalt

Go Cobalt is a Vancouver based mining exploration company. We develop exciting Canadian energy metal projects to help meet demand for a battery powered future.

For further information, please contact:

Scott Sheldon, President
604.725.1857
scott@gocobalt.ca

Forward-Looking Information:

This press release may include “forward-looking information” (as that term is defined by Canadian securities legislation), concerning the Company’s business. Forward-looking information is based on certain key expectations and assumptions made by the Company’s management, including future plans for the exploration and development of its mineral properties. Although the Company believes that such expectations and assumptions are reasonable, investors should not rely unduly on such forward-looking information as the Company can give no assurance they will prove to be correct. Forward-looking statements in this press release are made as of the date of this press release. The Company disclaims any intent or obligation to publicly update any forward-looking information (whether as a result of new information, future events or results, or otherwise) other than as required by applicable securities laws.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/43490

M2 Cobalt Launches up to 6,000 Metres of Additional Drilling as Company and Jervois Begin Combining Resources

Vancouver, British Columbia–(Newsfile Corp. – March 14, 2019) – M2 Cobalt Corp. (TSXV: MC) (OTCQB: MCCBF) (FSE: AOK) (the “Company“) is pleased to announce the launch of its 2019 work program, including up to 6,000 metres of drilling. This program is a continuation and expansion of the Company’s initial drill program launched last Fall and includes both diamond and reverse circulation (“RC”) drilling. The Company also plans to launch additional ground geophysics (magnetics and Induced Polarization (“IP”)) and rock grab and soil sampling within existing and recently acquired exploration licenses (see press release dated October 17, 2018).

Merger with Jervois

The Company also announces that the merger process with Jervois Mining Limited (“Jervois”), announced on January 22, 2019 (the “Merger”), is progressing well with the Company having now received voting and support agreements to support the Merger from shareholders representing approx. 50.3% of the issued share capital of the Company. It is currently anticipated that the formal shareholder vote to approve the Merger will be held in early-mid May 2019.

Working Capital Facility

As part of the Merger process, the Company has now satisfied all outstanding conditions for the draw-down of the US$3 million working capital facility from Jervois (“the Working Capital Facility”), announced on January 22, 2019. The Company will utilize funds from this facility to fund the continuation and expansion of its initial drill program and the next phase of exploration.

Initial Drilling

As announced in October 2018, the initial drill program was launched to test key targets at depth in each of the 3 styles of mineralization discovered during the Company’s phase 1 work programs and to position the Company for larger resource focused drill programs.

As announced on January 10, 2018, the Company completed 2,027 metres of diamond drilling before the Christmas break in mid-December 2018.  Most of this drilling (1056 metres; 7 drill holes) occurred at high priority targets at its Kilembe-area properties.  In addition, the Company drilled 4 holes (839 metres) at its Bombo NW and Bombo targets (Bujagali). In relation to its Waragi Target, also at Bujagali, due to difficulties encountered with the drill rig and timing of the Christmas break, it was only possible to collar 4 very shallow exploration holes at one location, totaling 131m.

The assay results from the drilling completed before Christmas have now been received. The results have provided important technical data and included a number of positive indicators, including sulphide mineralization at the targets tested in the Kilembe area as well as at the Bombo targets. The results also confirmed the presence of ultramafic bodies at Bombo. However, as yet no material intersections have been encountered.

Additional drilling / next phase of exploration

With the funds available under the Working Capital Facility, the Company will now complete and expand its initial drill program in and around its Waragi and Nile targets with up to 3,000 metres of drilling (diamond and RC) planned to systematically test the large regional cobalt /copper geochemical anomaly discovered across its Buajagli licenses during 2018. It will also launch ground geophysics and geochemistry across the adjoining exploration license it acquired at Bujagali in October 2018.

Further, based on assay results and the large size of the geochemical and geophysical anomalies at Bombo, the Company will launch additional Induced Polarization geophysics (“IP”) to help focus drill collars for up to a further 3,000 metres of drilling. This program will systematically test the series of ultramafic bodies across the property for base metal mineralization.

In relation to its Kilembe-area properties, the initial drill program validated the Company’s use of VTEM in this geological setting. In addition, the presence of sphalerite, galena (zinc and lead sulphides) and chalcopyrite in the core taken from the 7 drill holes also confirms the potential to discover additional VMS deposits along strike of the historic Kilembe mine. The Company will shortly launch ground sampling and geochemistry on the 3 Kilembe-area licenses acquired in October 2018 and its current intention is to implement a broader phase of exploration across all of its Kilembe-area Licenses later in 2019.

Simon Clarke, CEO stated, “We are pleased to be able to complete and expand our initial drill program and to launch our next phase of exploration. We have a very large asset base with numerous large-scale targets and significant potential for new discoveries. The ability to leverage what we have learned to date into this expanded phase of drilling strengthens our position significantly. We are also extremely pleased to be able to add the technical and financial resources of Jervois as we move through the merger process and combine operations.”

Quality Assurance

All rock and soil samples were sent to ALS Chemex South Africa (Pty) Ltd., an independent and fully accredited laboratory in South Africa for analysis for gold multi-element Induction Coupled Plasma Spectroscopy. M2 Cobalt also has a regimented Quality Assurance, Quality Control program where at least 10% duplicates and blanks are inserted into each sample shipment.

About M2Cobalt

M2 Cobalt Corp. is focused on discovering and developing world-class cobalt assets (and related minerals) to help address the growing deficit in the supply of cobalt. The Company has a large, highly prospective land package in the Republic of Uganda, East Africa bordering historic production and on the same mineral trends as some of the major mines in the neighbouring DRC where over 70% of world cobalt supply originates. Uganda is a stable country with a growing economy looking to re-energize its historic mining industry. The Company has a highly experienced management team and board of directors, which has been involved in funding and advancing resource projects globally. Further information on the Company and its projects can be found at www.m2cobalt.com

The technical content of this news release has been reviewed and approved by Dean Besserer, P.Geol., the Technical Advisor of the Company and a Qualified Person as defined by National Instrument 43-101.

For further information, contact Simon Clarke at sclarke@m2cobalt.com or Andy Edelmeier at andy@m2cobalt.com

On behalf of the Board,
M2 COBALT CORP.

Simon Clarke, Chief Executive Officer

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target, “plan”, “forecast”, “may”, “schedule” and other similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to exploration work to be undertaken in Uganda, the reliability of third party information, and certain other factors or information. Such statements represent the Company’s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affections such statements and information other than as required by applicable laws, rules and regulations.

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Transition Options Gowganda Gold and Cobalt Project to Battery Mineral Resources Ltd.

Sudbury, Ontario–(Newsfile Corp. – March 12, 2019) – Transition Metals Corp. (TSXV: XTM ) (“Transition” or “the Company”), is pleased to announce that it has executed an Option and Joint Venture Agreement with Battery Minerals Resources Limited (“Battery”) whereby Battery can earn a up to an 80% interest in the Gowganda Gold project located 75 kilometres southwest of Kirkland Lake.

To earn a 60% interest, Battery must provide option payments totalling $600,000 over 3 years that includes a $75,000 payment upon execution of the Agreement and $25,000 that was received earlier by the Company upon execution of a binding term sheet. In addition, Battery must complete $3.4 million of exploration expenditures over 3 years including a commitment of $400,000 during the first year. Upon vesting a 60% interest, Battery may increase its interest to 80% by delivering a Feasibility Study within three years subject to certain time extension provisions. After earning its 60% or 80% interest in the Property as the case may be, a Joint Venture would be formed, with each party funding its proportionate share of future work programs or suffering dilution of interest.

Company CEO and President, Scott McLean commented, “We are pleased to have a new partnership with Battery Mineral Resources. As a project generator, Transition focuses on generating quality exploration projects and developing partnerships to advance them toward production. The Gowganda property is prospective for both Archean lode gold and Proterozoic cobalt deposits, which will be both targeted in the upcoming exploration program.”

About the Gowganda Gold Project

The Project is located adjacent to the town of Gowganda, Ontario in Nicol, Haultain, and Van Hise townships, in the Larder Lake Mining District. Geologically, it hosts inliers of Archean greenstone south of the Round-Lake Batholith in the south-western part of the Abitibi greenstone belt but is partly overlain by Proterozoic sediments of the Cobalt Embayment.

The claims host widespread visible gold mineralization hosted by stockwork veining in altered syenite ranging from nil to 3.5 g/t over significant widths in channel samples and drilling as well as up to 97 g/t Au over short channel widths (0.4 metres) within quartz veins (see Transition news release of September 8, 2011). Reported drill intercepts include 2.37 g/t over 7.06 metres, up to 82.5 g/t Au over 0.4 metres (see Transition Metals news release of December 1, 2011) and 1.63 g/t Au over 11.52m (see Transition Metals news release of April 6, 2017).

In addition to the prospective gold mineralization, cobalt-silver mineralization occurs across the property within the overlying Cobalt Embayment rocks. The Big Four showing includes a series of trenches, pits, and a 7.6 m deep shaft located on the Property. Samples collected by the Company from the waste dump included cobaltite-rich carbonate material returning up to 3.04% Co and 31.6 g/t Ag from grab samples (see Transition Metals news release of August 21, 2018).

Qualified Person

The technical elements of this press release have been approved by Mr. Greg Collins, P.Geo. (APGO), a Qualified Person under National Instrument 43-101. All analytical work performed on samples was conducted at ALS-Chemex with sample preparation completed in Sudbury, Ontario and analyses completed in North Vancouver, B.C. The quality system used by ALS-Chemex complies with international standards ISO 9001:2000 and ISO 17025:2005.

About Transition Metals Corp

Transition Metals Corp (TSXV: XTM) is a Canadian-based, multi-commodity project generator that specializes in converting new exploration ideas into Canadian discoveries. The award-winning team of geoscientists has extensive exploration experience in established, emerging and historic mining camps and actively develops and tests new ideas for discovering mineralization in places that others have not looked, which often allows the company to acquire properties inexpensively. The team is rigorous in its fieldwork and combines traditional techniques with newer ones to help unearth compelling prospects and drill targets. Transition uses the project generator business model to acquire and advance multiple exploration projects simultaneously, thereby maximizing shareholder exposure to discovery and capital gain. Joint venture partners earn an interest in the projects by funding a portion of higher-risk drilling and exploration, allowing Transition to conserve capital and minimize shareholder’s equity dilution. The Company has an expanding portfolio that currently includes more than 25 gold, copper, nickel and platinum projects primarily in Ontario, Nova Scotia and Saskatchewan.

About Battery Mineral Resources Limited

Battery Mineral Resources Limited (“BMR”) is an Australian-based, multi-commodity resource company engaged in the exploration and development of minerals critical to the rechargeable battery market and energy storage sector in Canada, USA and South Korea. The Company has assembled a diversified portfolio of cobalt, lithium and graphite projects in stable geo-political jurisdictions, designed to supply growing market demand and deliver maximum leverage to the sector. Upon successful delineation of mineral resources, BMR intends to develop these projects and become a significant, low cost battery materials producer, and secure long-term strategic alliances with supply chain partners, battery manufacturers and other end users.

Cautionary Note on Forward-Looking Information

Except for statements of historical fact contained herein, the information in this news release constitutes “forward-looking information” within the meaning of Canadian securities law. Such forward-looking information may be identified by words such as “plans”, “proposes”, “estimates”, “intends”, “expects”, “believes”, “may”, “will” and include without limitation, statements regarding estimated capital and operating costs, expected production timeline, benefits of updated development plans, foreign exchange assumptions and regulatory approvals. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from such statements. Factors that could cause actual results to differ materially include, among others, metal prices, competition, risks inherent in the mining industry, and regulatory risks. Most of these factors are outside the control of the Company. Investors are cautioned not to put undue reliance on forward-looking information. Except as otherwise required by applicable securities statutes or regulation, the Company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.

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.

Further information is available at www.transitionmetalscorp.com or by contacting:

Scott McLean
President and CEO
Transition Metals Corp.
Tel: (705) 669-0590

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/43363

ePower Metals Stakes 4400 ha in Sinaloa for Gold-Silver-Cobalt

Vancouver, British Columbia–(Newsfile Corp. – March 12, 2019) – ePower Metals Inc. (TSXV: EPWR) (the "Company" or "ePower Metals") stakes three new gold-silver-cobalt claims in Sinaloa, Mexico.

Through an intensive data review by the Company’s Mexican exploration team, ePower Metals has identified a number of gold-silver-cobalt targets in Sinaloa Mexico. The Company has staked three individual claims "The Cosalá Group" with a total area of approximately 4400 hectares. The claims are located south of the Company’s high grade Magenta gold-silver-cobalt project and north of Americas Silver Corporation’s silver-lead-zinc "San Rafael Mine."

Michael Collins, President and CEO of ePower Metals comments, "Sinaloa is well know for it’s gold and silver mines dating back to the Spanish Conquitstadors and our research has identified additional targets that build on the potential of the Magenta Gold-Silver-Cobalt project to the north. We see great potential for resource discovery and development in Sinaloa and will continue to develop our project base there."

To the north, the Magenta project hosts numerous high-grade gold-silver-cobalt-nickel vein and skarn style deposits that includes the La Prieta showing. The La Prieta showing has seen the most historic development with two adits and one trench (zones #1-3), and several drill holes. Historic sampling by Nordic Gold Corp at the La Prieta showing returned results of:

  • 5.8 oz/T Au, 6.5 oz/T Ag, and 5.54 % Co, over 0.61 m in Zone #1.
  • Adit dump samples (average of three assays completed by three separate labs) returned
    6.23 oz/T Au, 6.52 oz/T Ag, and 8.14% Co.
  • 0.26 oz/T Au, 1.7 oz/T Ag, and 3.27% Co, over 0.5 m in Zone #2.

*Sample results stated in the historic reports have not been verified by the Company, and readers are cautioned not to place undue weight on such results. The historical grades are considered relevant; however, the reliability, assumptions, parameters and methods used in preparing the reports are unknown.

Bruce Kienlen, P.Geo., is Vice President of Exploration for the Company, is the qualified person for the company and has reviewed this this press release.

About ePower Metals

ePower Metals Inc. is committed to creating significant shareholder value by advancing a high-quality portfolio of precious and battery metals projects – that the company believes are undervalued, strategically positioned and have significant potential develop economic resources and to provide future supply to the growing rechargeable battery industry. With core projects in Mexico and Idaho, ePower has focused on developing projects with high grade potential is stable developments environments with proven permitting tracks.

ON BEHALF OF THE BOARD OF DIRECTORS

Michael Collins
President and CEO

For further information, please contact:
Tyler Ross
Investor Relations

ePower Metals Inc.
1507 – 1030 West Georgia Street,
Vancouver BC, V6E 2Y3
Telephone: (604) 428-6128
Facsimile: (604) 428-6430
Website: www.epowermetals.com

Forward Looking Information

Information set forth in this document may include forward-looking statements. While these statements reflect management’s current plans, projections and intents, by their nature, forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond the control of ePower Metals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on these forward-looking statements. ePower Metal’s actual results, programs, activities and financial position could differ materially from those expressed in or implied by these forward-looking statements.

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

We seek safe harbor.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/43351

NetworkNewsAudio Announces Audio Press Release (APR) on Pacific Rim Cobalt Corporation Tapping Into Supply and Demand to Ensure Accessible Market

New York, New York–(Newsfile Corp. – March 8, 2019) – NetworkNewsAudio announces the Audio Press Release (APR) titled “Growing Demand for Nickel for Batteries Drives Increased Investments in Indonesian Nickel Sector,” featuring Pacific Rim Cobalt Corporation (OTCQB: PCRCF) (CSE: BOLT).

To hear the NetworkNewsAudio version, visit: http://nnw.fm/Io88C

To read the full editorial, visit: http://nnw.fm/W474y

Located on the western rim of the Pacific, Indonesia is well positioned for exporting to China, the world’s largest consumer of battery metals. China has seen massive economic development in recent decades, thanks to the modernizing efforts of the country’s leaders. While modernization can be hard to balance with environmental protection, the Chinese leadership are well aware of the problems caused by environmental degradation, not the least of which is due to the heavy pollution in major Chinese cities. Those leaders are therefore encouraging clean alternatives, leading to a boom in electric car research and development.

Investing in exports to China is a sound strategy for any company specializing in battery metals. The country not only produces batteries for its own use but also makes them for export, thus creating a fresh wave of demand for nickel in a country that drove a previous nickel boom just after the millennium. This boom is drawing more companies to Indonesia. By setting up a fresh nickel and cobalt mining operation within easy reach of China, Pacific Rim is tapping into both supply and demand, ensuring an accessible market for its products.

About Pacific Rim Cobalt Corp.

Pacific Rim Cobalt Corp. is a Canadian publicly listed company currently focused on the development of cobalt projects within Indonesia. The company believes cobalt will be the next dominant investment trend related to the critical components of lithium-ion batteries. Cobalt is currently in a global supply deficit, has a vulnerable supply chain, and is part of an emerging sector with extraordinary potential. For more information, visit the company’s website at www.PacificRimCobalt.com.

About NetworkNewsAudio

NetworkNewsAudio (NNA) , a NetworkNewsWire (NNW) Solution, allows you to sit back and listen to market updates, CEO interviews and a Company AudioPressRelease (APR). These audio clips provide snapshots of position, opportunity and momentum. NetworkNewsAudio (NNA) can assist your company by cutting through the overload of information in today’s market, NNA brings its clients unparalleled visibility, recognition and brand awareness. NetworkNewsWire (NNW) is where news, content and information converge. NetworkNewsWire (NNW) is a comprehensive provider of news aggregation and syndication, enhanced press release services and a full array of social communication solutions. As a multifaceted financial news and distribution company with an extensive team of journalists and writers, NNW has the unparalleled ability to reach a wide audience of investors, consumers, journalists and the general public with an ever-growing distribution network of more than 5,000 key syndication outlets across the nation.

For more information, visit: www.NetworkNewsAudio.com

Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer.

Forward-Looking Statements

This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company’s SEC filings. These risks and uncertainties could cause the company’s actual results to differ materially from those indicated in the forward-looking statements.

Corporate Communications:

NetworkWire (NW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkWire.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/43306