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To: Goose94 who wrote (1948)7/30/2013 6:02:17 PM
From: Goose94Read Replies (1) | Respond to of 202995
 
Another ZEN-V satellite player.

Alchemist Mining (AMS-V) acquires Ontario Cg claims, to raise $150,000

July 30, 2013 - News Release

Alchemist Mining Inc. has acquired a 100-per-cent interest in 16 mineral claims covering approximately 256 hectares located within the Porcupine district of Central Ontario, contiguous to the north of Zenyatta Ventures Ltd.'s Albany (vein type) graphite deposit discovery. Zenyatta announced on July 2, 2013, results from Zenyatta's East pipe and reported results stating, "Hole 12 yielded 146.0 metres at 5.2 per cent Cg, hole 13 yielded 177.0 m at 5.3 per cent Cg, hole 14 yielded 186.0 m at 4.9 per cent Cg, hole 15 yielded 125.0 m at 4.6 per cent Cg."

Zenyatta has recently discovered the Albany magmatic hydrothermal (vein type) graphite deposit, and has continued to return significant intercepts and carbon grades as recently announced on July 2, 2013, for the East pipe. Zenyatta is developing the "largest and only high-purity (hydrothermal) graphite deposit ... in the world," as disclosed in Zenyatta's power point presentation available on the Zenyatta website.

Upon TSX Venture Exchange approval, the company will immediately begin a program of sampling, stripping and induced polarization on the property.

Alchemist president Keith Anderson stated, "We are very excited to have acquired such a prospective piece of ground directly tied on to a what appears to be a world-class discovery."

Transaction terms

In consideration for the property, the company made a cash payment of $15,000 and will issue 1.5 million common shares in the capital of the company to arm's-length vendors. This agreement is subject to approval of the exchange. Finders' fees may be payable subject to exchange guidelines.

Financing

The company also announces that it is seeking to raise up to $150,000 through the issue of a non-brokered private placement of units at a price of five cents per unit.

Each unit will consist of one common share and one share purchase warrant. Each warrant is exercisable by the holder to acquire one additional common share of the company for a period of two years from issuance at an exercise price of 10 cents per share. The warrants are subject to a 30-day forced exercise provision if the closing price of the company's shares is 15 cents or higher for 10 consecutive days.

The proceeds of the financing will be used toward general working capital purposes and for exploration on the Mondatta property. Finders' fees may be payable subject to exchange guidelines.

We seek Safe Harbor.



To: Goose94 who wrote (1948)8/15/2013 9:34:00 AM
From: Goose94Read Replies (1) | Respond to of 202995
 
Caribou King Resources (CKR-V) options 100% of Ontario Cg property

Aug 15, 2013 - News Release

Caribou King Resources Ltd. has acquired the Pito graphite property, with a historic drill intercept of 90 per cent graphite over 18 metres. In the late 1970s Shell Canada Resources Ltd. drilled a north-directed hole at 60 degrees inclination that intercepted graphitic schist from 107.9-126.58 meters. As reported in the drill log, graphite forms 90% of schist over the 18.68 meter interval. After passing through roughly four meters of quartzite/chlorite schist, an additional 19.78 meters of graphitic schist was intercepted from 130.28-150.0 meters that is reported to be less silicified, resulting in zones of soft graphite (see Ontario Ministry of Northern Development and Mines, Report 42F15NE8019). An estimate of true thicknesses is not determined from the historic drilling, and the graphite intercepts are visual historical intercepts and should not be relied upon without lab assay confirmation. The total depth of the drillhole was 182.70 meters. The Pito property is located 80 kilometers northwest of Hearst, Ontario, and consists of 96 units covering 1,536 hectares (3,840 acres). Twenty kilometers to the east, the Albany East graphite deposit that is presently under advanced exploration by Zenyatta Ventures Ltd. has reported five holes with 146m of 5.2% Cg, 177m of 5.3% Cg, 186m of 4.9% Cg, and 125m of 4.6% Cg, respectively (see Zenyatta Ventures news releases, July 2, 2013).

CEO Michael England states, "The Pito property represents an area with significant historic graphite values that, though visual in nature, are extremely intriguing and worthy of follow-up. We are presently reviewing all of the available historical data with the objective of making a property visit in the coming weeks."

To acquire a 100% interest in the property, Caribou will issue a cumulative 5 million shares and incur expenditures of $600,000 over a 3 year period plus grant a 2.5% NSR to the vendor, one % of which can be purchased back for $1,000,000. This transaction is subject to TSX Venture approval.

The technical contents of this release were approved by Dr. Tom E. McCandless, P. Geo., qualified person as defined by National Instrument 43-101. The property has not been the subject of a National Instrument 43-101 report, and Dr. McCandless has not verified the technical data disclosed in this release.

We seek Safe Harbor.